---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-24-000150"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:45:54.080551+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadence Q2 revenue $1.061B, GAAP EPS $0.84; raises FY2024 revenue outlook to $4.60-4.66B

## Summary
- Q2 revenue $1.061B, up 8.6% YoY; GAAP EPS $0.84, non-GAAP EPS $1.28.
- Backlog remains at $6.0 billion; cRPO $3.1 billion.
- FY2024 revenue outlook raised to $4.60-$4.66B (13% YoY); GAAP EPS $3.82-$4.02, non-GAAP EPS $5.77-$5.97.
- Q3 guidance: revenue $1.165-$1.195B, non-GAAP EPS $1.39-$1.49.
- Closed BETA CAE acquisition to enhance multiphysics platform.

## SEC filing metadata
- accession: 0000813672-24-000150
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2024-07-22T23:59:59+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/813672/000081367224000150/0000813672-24-000150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367224000150/cdns-20240722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-24-000150
- JSON: https://secwatch.observer/filing/0000813672-24-000150.json
- Plain text: https://secwatch.observer/filing/0000813672-24-000150.txt

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