secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0000813672-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/0000813672-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367223000010/cdns-20230213.htm
  HTML page:      https://secwatch.observer/filing/0000813672-23-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer