{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-23-000010","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2023-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.161001+00:00","generated_at":"2026-06-19T17:00:03.944899+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cadence FY2022 revenue $3.562B (+19% YoY), GAAP EPS $3.09; guides FY2023 rev $4.00-4.06B","bullets":["FY2022 revenue $3.562B vs $2.988B in 2021 (+19% YoY); GAAP net income $849M ($3.09 diluted EPS).","Non-GAAP operating margin 40% vs 37% in 2021; Non-GAAP EPS $4.27, up 30% from $3.29.","Q4 revenue $900M, GAAP EPS $0.88, Non-GAAP EPS $0.96; operating cash flow $264M.","FY2023 guidance: revenue $4.00-4.06B, GAAP EPS $3.24-3.34, Non-GAAP EPS $4.90-5.00.","Backlog grew to $5.8B from $4.4B; share repurchases $1.050B in 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-23-000010","json":"https://secwatch.observer/filing/0000813672-23-000010.json","markdown":"https://secwatch.observer/filing/0000813672-23-000010.md","text":"https://secwatch.observer/filing/0000813672-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/0000813672-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/cdns-20230213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T17:00:03.944899+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b13e786522e75e588b25a8814594c5eb574204ff","claim":"CADENCE DESIGN SYSTEMS INC reported the quarter and fiscal year ended December 31, 2022 results: revenue $900 million, net income $240 million, EPS $0.88 per share on a diluted basis.","evidence_excerpt":"Cadence reported 2022 revenue of $3.562 billion, compared to revenue of $2.988 billion for 2021. On a GAAP basis, Cadence achieved operating margin of 30 percent and recognized net income of $849 million, or $3.09 per share on a diluted basis, in 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/0000813672-23-000010-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$900 million"},{"label":"Net income","value":"$240 million"},{"label":"EPS","value":"$0.88 per share on a diluted basis"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b13e786522e75e588b25a8814594c5eb574204ff","claim":"CADENCE DESIGN SYSTEMS INC reported the quarter and fiscal year ended December 31, 2022 results: revenue $900 million, net income $240 million, EPS $0.88 per share on a diluted basis.","evidence_excerpt":"Revenue for the fourth quarter of 2022 totaled $900 million, compared to revenue of $773 million for the same period in 2021. Cadence achieved operating margin of 23 percent and recognized net income of $240 million, or $0.88 per share on a diluted basis, in the fourth quarter of 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/0000813672-23-000010-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$900 million"},{"label":"Net income","value":"$240 million"},{"label":"EPS","value":"$0.88 per share on a diluted basis"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}