earnings
confidence high
sentiment positive
materiality 0.85
Cadence beats Q1 estimates, raises FY2025 outlook; revenue +23% YoY, non-GAAP EPS +34%
CADENCE DESIGN SYSTEMS INC
2025-Q1 EPS reported
$1.00
revenue$1,242,366,000
- Q1 revenue $1.242B (+23% YoY), non-GAAP EPS $1.57 (+34% YoY), both above guidance.
- Raised FY2025 revenue outlook to $5.15B-$5.23B and non-GAAP EPS to $6.73-$6.83.
- Q2 guidance: revenue $1.25B-$1.27B, non-GAAP EPS $1.55-$1.61.
- Q1 share repurchases $350M; backlog $6.4B, cRPO $3.2B.
- Semiconductor IP revenue +40% YoY, System Design & Analysis +50% YoY.