{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-23-000040","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2023-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.713010+00:00","generated_at":"2026-06-13T04:38:33.910854+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cadence Q2 EPS $0.81/$1.22 GAAP/non-GAAP; raises FY23 revenue & EPS guidance","bullets":["Q2 revenue $977M (+14% YoY); GAAP EPS $0.81 vs $0.68 YoY; non-GAAP EPS $1.22 vs $1.08.","FY23 revenue guidance raised to $4.05-4.09B; non-GAAP EPS raised to $5.05-5.11 (19% YoY growth).","Q3 outlook: revenue $990M-1.01B, GAAP EPS $0.76-0.80, non-GAAP EPS $1.18-1.22.","Operating cash flow Q2 $414M; FY23 OCF guidance $1.3-1.4B; Q2 share repurchases $265M.","Backlog $5.3B; recurring revenue 85% of Q2 revenue; headcount 10,832."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-23-000040","json":"https://secwatch.observer/filing/0000813672-23-000040.json","markdown":"https://secwatch.observer/filing/0000813672-23-000040.md","text":"https://secwatch.observer/filing/0000813672-23-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000040/0000813672-23-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000040/cdns-20230724.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T04:38:33.910854+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":"31ae6cb45c77726ed214b0ec199d27761072a388","claim":"CADENCE DESIGN SYSTEMS INC reported the quarter ended June 30, 2023 results: revenue $977 million, net income $221 million, EPS $0.81 per share on a diluted basis. Guidance raised.","evidence_excerpt":"Cadence reported second quarter 2023 revenue of $977 million, compared to revenue of $858 million for the same period in 2022. On a GAAP basis, Cadence achieved operating margin of 31 percent and recognized net income of $221 million, or $0.81 per share on a diluted basis, in the second quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000040/0000813672-23-000040-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$977 million"},{"label":"Net income","value":"$221 million"},{"label":"EPS","value":"$0.81 per share on a diluted basis"},{"label":"Guidance","value":"raised"},{"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"}