secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000813672-24-000150
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367224000150/0000813672-24-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367224000150/cdns-20240722.htm
  HTML page:      https://secwatch.observer/filing/0000813672-24-000150

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer