---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-25-000016"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T18:12:13.409143+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadence beats Q4 estimates, record backlog $6.8B, FY2025 guidance above consensus

## Summary
- Q4 revenue $1.356B (+27% YoY); GAAP EPS $1.24; Non-GAAP EPS $1.88, above guidance.
- FY2024 revenue $4.641B (+13.5% YoY); Non-GAAP operating margin 42.5%.
- Record year-end backlog $6.8B; cRPO $3.4B.
- FY2025 guidance: revenue $5.14-$5.22B, Non-GAAP EPS $6.65-$6.75, implying ~12% growth.
- IP business grew 28% YoY in Q4; System Design & Analysis grew >40% in FY2024.

## SEC filing metadata
- accession: 0000813672-25-000016
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2025-02-18T23:59:59+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/813672/000081367225000016/0000813672-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367225000016/cdns-20250218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-25-000016
- JSON: https://secwatch.observer/filing/0000813672-25-000016.json
- Plain text: https://secwatch.observer/filing/0000813672-25-000016.txt

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