secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000813672-25-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000016/0000813672-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000016/cdns-20250218.htm
  HTML page:      https://secwatch.observer/filing/0000813672-25-000016

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