{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-24-000083","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.051119+00:00","generated_at":"2026-06-03T14:57:12.496590+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 Q1 revenue $1.009B, GAAP EPS $0.91; backlog record $6B, raises 2024 revenue outlook","bullets":["Q1 revenue $1.009B vs $1.022B Q1 2023; GAAP EPS $0.91 vs $0.89; non-GAAP EPS $1.17 vs $1.29.","Record Q1 backlog $6.0B; cRPO $3.1B; recurring revenue 90% of Q1 sales.","FY 2024 revenue guidance raised to $4.56B-$4.62B, GAAP EPS $4.04-$4.14, non-GAAP $5.88-$5.98.","Q2 2024 guidance: revenue $1.03B-$1.05B, GAAP EPS $0.73-$0.77, non-GAAP $1.20-$1.24.","Operating cash flow $253M in Q1; share repurchases $125M; pending BETA CAE acquisition not in outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-24-000083","json":"https://secwatch.observer/filing/0000813672-24-000083.json","markdown":"https://secwatch.observer/filing/0000813672-24-000083.md","text":"https://secwatch.observer/filing/0000813672-24-000083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000083/0000813672-24-000083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000083/cdns-20240422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:57:12.496590+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":"f9bdbf80d2e6526a8123fb8002a34793f0cd6d34","claim":"CADENCE DESIGN SYSTEMS INC reported the first quarter of 2024 results: revenue $1.009 billion, EPS $0.91. Guidance raised.","evidence_excerpt":"Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the first quarter of 2024. First Quarter 2024 Financial Results • Revenue of $1.009 billion, compared to revenue of $1.022 billion in Q1 2023 • GAAP operating margin of 25%, compared to 32% in Q1 2023 • Non-GAAP operating margin of 38%, compared to 42% in Q1 2023 • GAAP diluted net income per share of $0.91, compared to $0.89 in Q1 2023 • Non-GAAP diluted net income per share of $1.17, compared to $1.29 in Q1 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000083/0000813672-24-000083-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2024"},{"label":"Revenue","value":"$1.009 billion"},{"label":"EPS","value":"$0.91"},{"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"}