secwatch.observer — SEC 8-K summary
======================================

Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0000813672-25-000144
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadence Q3 revenue $1.34B (+10% YoY), backlog record $7B; raises FY growth ~14%
-------------------------------------------------------------------------------

- Q3 revenue $1.339B vs $1.215B in Q3 2024; GAAP EPS $1.05 (up from $0.87); non-GAAP EPS $1.93 (up from $1.64).
- Record Q3 backlog of $7.0B; revenue expected in next 12 months from RPO was $3.5B.
- FY 2025 revenue outlook raised to $5.262-$5.292B (~14% YoY growth); non-GAAP EPS raised to $7.02-$7.08.
- Completed acquisition of Arm Artisan IP; signed agreement to acquire Hexagon's D&E business.
- Q3 GAAP operating margin 31.8% vs 28.8% in Q3 2024; non-GAAP operating margin 47.6% vs 44.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000144/0000813672-25-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367225000144/cdns-20251027.htm
  HTML page:      https://secwatch.observer/filing/0000813672-25-000144

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