secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0000813672-25-000108
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadence Q2 revenue $1.275B (+20% YoY); raises FY 2025 revenue & non-GAAP EPS guidance
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- GAAP EPS $0.59 (incl. $140.6M DOJ/BIS settlement charge); Non-GAAP EPS $1.65, above guidance.
- FY 2025 revenue outlook raised to $5.21B-$5.27B; non-GAAP EPS raised to $6.85-$6.95.
- Q2 Core EDA revenue +16% YoY, IP +25%, System Design +35% YoY.
- Backlog $6.4B; cRPO $3.1B; operating cash flow $378M in Q2.
- Q3 2025 outlook: revenue $1.305B-$1.335B; non-GAAP EPS $1.75-$1.81.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000108/0000813672-25-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000108/cdns-20250728.htm
  HTML page:      https://secwatch.observer/filing/0000813672-25-000108

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