---
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"
generated_at: "2026-06-19T17:00:03.944899+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cadence FY2022 revenue $3.562B (+19% YoY), GAAP EPS $3.09; guides FY2023 rev $4.00-4.06B

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-23-000010
- JSON: https://secwatch.observer/filing/0000813672-23-000010.json
- Plain text: https://secwatch.observer/filing/0000813672-23-000010.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter and fiscal year ended December 31, 2022
  - Revenue: $900 million
  - Net income: $240 million
  - EPS: $0.88 per share on a diluted basis
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/0000813672-23-000010-index.htm
- Earnings Releases
  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.
  - Period: the quarter and fiscal year ended December 31, 2022
  - Revenue: $900 million
  - Net income: $240 million
  - EPS: $0.88 per share on a diluted basis
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/0000813672-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.