secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K/A
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0000813672-25-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadence corrects Q1 2025 operating margin guidance in 8-K/A; GAAP 27-28%, non-GAAP 40-41%
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- Clerical error fixed: Q1 2025 GAAP op margin 27%-28% (not prior incorrect figure); non-GAAP 40%-41%.
- Q4 2024 revenue $1.356B; GAAP EPS $1.24, non-GAAP EPS $1.88; operating cash flow $441M.
- FY 2024 revenue $4.641B (+13.5% YoY); record year-end backlog $6.8B; current RPO $3.4B.
- FY 2025 outlook reaffirmed: revenue $5.14-5.22B; GAAP EPS $4.19-4.29; non-GAAP EPS $6.65-6.75.
- Q1 2025 guidance: revenue $1.23-1.25B; GAAP EPS $0.93-0.99; non-GAAP EPS $1.46-1.52.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000018/0000813672-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000018/cdns-20250218.htm
  HTML page:      https://secwatch.observer/filing/0000813672-25-000018

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