{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-23-000067","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2023-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.073853+00:00","generated_at":"2026-06-09T17:43:52.188648+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cadence beats Q3 estimates, raises FY2023 guidance on strong design activity","bullets":["Q3 revenue $1.023B (+13% YoY), non-GAAP EPS $1.26 vs $1.06 YoY; GAAP EPS $0.93.","FY2023 revenue outlook raised to $4.06-$4.10B; non-GAAP EPS raised to $5.07-$5.13.","Q3 non-GAAP operating margin 41.1% (up from 39.4% YoY); FY midpoint raised to 41.75%.","Q4 guidance: revenue $1.039-$1.079B, non-GAAP EPS $1.30-$1.36.","CEO cites AI, HPC, autonomous driving as growth drivers; operating cash flow $396M."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-23-000067","json":"https://secwatch.observer/filing/0000813672-23-000067.json","markdown":"https://secwatch.observer/filing/0000813672-23-000067.md","text":"https://secwatch.observer/filing/0000813672-23-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000067/0000813672-23-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000067/cdns-20231023.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T17:43:52.188648+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":"56245779955ab481bd445b71ac4bd3343f9b78fd","claim":"CADENCE DESIGN SYSTEMS INC reported the third quarter of 2023 results: revenue $1.023 billion, net income $254 million, EPS $0.93 per share on a diluted basis. Guidance raised.","evidence_excerpt":"Cadence reported third quarter 2023 revenue of $1.023 billion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000067/0000813672-23-000067-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$1.023 billion"},{"label":"Net income","value":"$254 million"},{"label":"EPS","value":"$0.93 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"}