---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-24-000030"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:35:12.803727+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadence Q4 rev $1.07B, FY rev $4.09B (+15%); GAAP EPS $3.82, non-GAAP $5.15

## Summary
- Q4 revenue $1.069B (+18.8% YoY); GAAP EPS $1.19, non-GAAP $1.38.
- FY2023 revenue $4.090B (+15% YoY); GAAP EPS $3.82 (+24%), non-GAAP $5.15 (+21%).
- Record backlog $6.0B, cRPO $3.2B; non-GAAP operating margin 42%.
- FY2024 guidance: revenue $4.55-4.61B, non-GAAP EPS $5.87-5.97.
- System Design & Analysis grew 22% YoY; GenAI customer adoption nearly 10x.

## SEC filing metadata
- accession: 0000813672-24-000030
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813672/000081367224000030/0000813672-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367224000030/cdns-20240212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-24-000030
- JSON: https://secwatch.observer/filing/0000813672-24-000030.json
- Plain text: https://secwatch.observer/filing/0000813672-24-000030.txt

## Key facts
- Earnings Releases
  CADENCE DESIGN SYSTEMS INC reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $1.069 billion, EPS $1.19. Guidance initiated.
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Revenue: $1.069 billion
  - EPS: $1.19
  - Guidance: initiated
  - Result: reported results
  source text: 12, 2024 — Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023. Fourth Quarter 2023 Financial Highlights • Revenue of $1.069 billion, compared to revenue of $900 million in Q4 2022 • GAAP operating margin of 31%, compared to 23% in Q4 2022 • Non-GAAP operating margin of 43%, compared to 36% in Q4 2022 • GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000030/0000813672-24-000030-index.htm

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