---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-24-000188"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:54:19.405083+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadence beats Q3 estimates; raises FY2024 non-GAAP EPS midpoint to $5.90

## Summary
- Revenue $1.215B (+19% YoY); Non-GAAP EPS $1.64 vs $1.26 YoY; GAAP EPS $0.87.
- Non-GAAP operating margin 45% (up from 41% Q3 2023); Q3 guidance exceeded.
- FY2024 non-GAAP EPS outlook raised to $5.87-$5.93 (midpoint $5.90); revenue $4.61B-$4.65B.
- Issued $2.5B senior notes in Sept at 4.44% avg rate; cash now $2.786B.
- IP +59%, System Design/Analysis +47%, Functional Verification +22% YoY; Cadence.AI rev nearly tripled.

## SEC filing metadata
- accession: 0000813672-24-000188
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2024-10-28T23:59:59+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/813672/000081367224000188/0000813672-24-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367224000188/cdns-20241028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-24-000188
- JSON: https://secwatch.observer/filing/0000813672-24-000188.json
- Plain text: https://secwatch.observer/filing/0000813672-24-000188.txt

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