Highest-materiality recent filing
Cadence Q1 revenue $1.474B (+19% YoY), EPS beat; raises FY2026 guidance to ~17% growth
Q1 revenue $1.474B (up 19% YoY); GAAP EPS $1.23, Non-GAAP EPS $1.96; both above prior guidance.
Cadence issues 3.22M shares to close acquisition of Hexagon design business
Issued 3,224,473 shares of common stock to Hexagon Smart Solutions AB as partial consideration for the acquisition.
Cadence FY25 rev $5.30B (+14%), backlog record $7.8B; guides FY26 rev ~$5.95B
FY25 revenue $5.297B (+14% YoY); non-GAAP EPS $7.14 (+20% YoY).
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).
Cadence to acquire Hexagon design & engineering unit for €2.70B
Enterprise value of €2.70B; €1.89B in cash plus ~€810M in Cadence common stock.
Cadence Q2 revenue $1.275B (+20% YoY); raises FY 2025 revenue & non-GAAP EPS guidance
GAAP EPS $0.59 (incl. $140.6M DOJ/BIS settlement charge); Non-GAAP EPS $1.65, above guidance.
Cadence settles export control violations; pleads guilty to conspiracy, pays $140.6M
Settlements with BIS and DOJ resolve violations from 2015-2021 involving $45.3M in sales to a China customer without authorization.
BIS rescinds license requirement for Cadence EDA exports to China; access to be restored
BIS rescinded effective July 2, 2025, the license requirement for EDA software (ECCNs 3D991, 3E991) to China and Chinese military end users.
BIS requires Cadence license for EDA software exports to China or Chinese military end users
BIS informed Cadence on May 23, 2025 that license now required for ECCNs 3D991/3E991 exports when party is in China or Chinese military end user.
Cadence Design Systems board approves $1.5B share repurchase authorization
Board approved repurchase of up to $1.5B of common stock under existing program; no expiration date.
Cadence beats Q1 estimates, raises FY2025 outlook; revenue +23% YoY, non-GAAP EPS +34%
Q1 revenue $1.242B (+23% YoY), non-GAAP EPS $1.57 (+34% YoY), both above guidance.
Cadence beats Q4 estimates, record backlog $6.8B, FY2025 guidance above consensus
Q4 revenue $1.356B (+27% YoY); GAAP EPS $1.24; Non-GAAP EPS $1.88, above guidance.
Cadence appoints former Xilinx CEO Moshe Gavrielov to board of directors
Moshe Gavrielov appointed to Cadence board effective Jan 1, 2025.
Cadence beats Q3 estimates; raises FY2024 non-GAAP EPS midpoint to $5.90
Revenue $1.215B (+19% YoY); Non-GAAP EPS $1.64 vs $1.26 YoY; GAAP EPS $0.87.
Cadence closes $2.5B senior notes offering, uses proceeds to prepay existing loans
Issued $2.5B in three tranches: $500M 4.200% due 2027, $1B 4.300% due 2029, $1B 4.700% due 2034.
Cadence issues $2.5B senior notes in three tranches to repay debt
$500M at 4.200% due 2027, $1.0B at 4.300% due 2029, $1.0B at 4.700% due 2034.
Cadence Q2 revenue $1.061B, GAAP EPS $0.84; raises FY2024 revenue outlook to $4.60-4.66B
Q2 revenue $1.061B, up 8.6% YoY; GAAP EPS $0.84, non-GAAP EPS $1.28.
$700M two-year senior unsecured term loan at SOFR+0.875%-1.375% or base+0%-0.375%, depending on debt rating.
Cadence CRO Neil Zaman departs; Paul Scannell promoted to SVP Worldwide Field Operations
Neil Zaman steps down as SVP WW Field Ops and CRO effective May 6; becomes Senior Advisor through May 12, 2025.
Cadence Q1 revenue $1.009B, GAAP EPS $0.91; backlog record $6B, raises 2024 revenue outlook
Q1 revenue $1.009B vs $1.022B Q1 2023; GAAP EPS $0.91 vs $0.89; non-GAAP EPS $1.17 vs $1.29.
Cadence acquires BETA CAE for $1.24B; 60% cash, 40% stock; close expected Q2 2024
Enterprise value of $1.24B; 60% cash (from cash on hand and/or new debt) and 40% Cadence stock.
Cadence Q4 rev $1.07B, FY rev $4.09B (+15%); GAAP EPS $3.82, non-GAAP $5.15
Q4 revenue $1.069B (+18.8% YoY); GAAP EPS $1.19, non-GAAP $1.38.
Cadence beats Q3 estimates, raises FY2023 guidance on strong design activity
Q3 revenue $1.023B (+13% YoY), non-GAAP EPS $1.26 vs $1.06 YoY; GAAP EPS $0.93.
Cadence board authorizes additional $1B share repurchase
Board approved up to $1B in additional stock buybacks under existing program on August 2, 2023.
Cadence Q2 EPS $0.81/$1.22 GAAP/non-GAAP; raises FY23 revenue & EPS guidance
Q2 revenue $977M (+14% YoY); GAAP EPS $0.81 vs $0.68 YoY; non-GAAP EPS $1.22 vs $1.08.
Cadence Q1 revenue $1.02B, beats; raises FY23 revenue guidance to ~14% growth
Q1 revenue $1.022B (+13% YoY); GAAP EPS $0.89 vs $0.85 YoY; non-GAAP EPS $1.29 vs $1.17.
Cadence FY2022 revenue $3.562B (+19% YoY), GAAP EPS $3.09; guides FY2023 rev $4.00-4.06B
FY2022 revenue $3.562B vs $2.988B in 2021 (+19% YoY); GAAP net income $849M ($3.09 diluted EPS).
Cadence Q3 revenue $903M (+20% YoY); GAAP EPS $0.68, non-GAAP EPS $1.06; raises FY22 outlook
Q3 GAAP net income $186M ($0.68 diluted EPS) vs $176M ($0.63) YoY; non-GAAP net income $290M ($1.06).
Cadence completes acquisition of OpenEye Scientific Software for drug discovery software
Acquisition of OpenEye Scientific Software closed on August 31, 2022.
Cadence board authorizes additional $1B share repurchase under existing program
Board approved repurchase of up to $1 billion of common stock on August 11, 2022.
Cadence Q2 revenue $858M (+18% YoY), GAAP EPS $0.68; raises FY2022 guidance
Revenue $858M vs $728M YoY; GAAP operating margin 33% vs 25%.
Cadence Design Systems announces $100M accelerated share repurchase agreement
Entered ASR with Royal Bank of Canada to repurchase $100M of common stock.
Cadence Q1 revenue $902M (+23% YoY); raises FY22 guidance above prior range
GAAP EPS $0.85 vs $0.67 YoY; non-GAAP EPS $1.17 vs $0.83 YoY.
Cadence FY2021 revenue $2.988B, GAAP EPS $2.50, non-GAAP $3.29; guides FY2022 rev $3.32-3.38B
Q4 2021 revenue $773M, GAAP EPS $0.63, non-GAAP EPS $0.82.
Paul Scannell has been promoted to Senior Vice President of Worldwide Field Operations.
Effective May 6, 2024, Neil Zaman will no longer serve as Senior Vice President of Worldwide Field Operations and Chief Revenue Officer of Cadence.
On February 1, 2024, Dr. John B. Shoven, a member of the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”), notified the Board of his decision to retire from the Board and not seek re-election at the Company’s 2024 Annual Meeting of Stockholders, when his current term expires.
On February 8, 2023, Lip-Bu Tan, the Executive Chair of the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”), notified the Board that he will not seek re-election to the Board at the Company’s 2023 Annual Meeting of Stockholders, when his current term as Executive Chair expires.
On January 31, 2022, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) elected Mary Louise (ML) Krakauer as a director of Cadence, effective immediately.
Dr. Devgan will replace Lip-Bu Tan, who will step down as Chief Executive Officer of the Company and will assume the position of Executive Chair of the Company as of the Transition Effective Date.
appointed Anirudh Devgan, Ph.D., currently the Company’s President, as President and Chief Executive Officer of the Company effective December 15, 2021
will assume the position of Executive Chair of the Company as of the Transition Effective Date.
approved an increase in the size of the Board from nine to ten directors, and appointed Dr. Devgan as a director, each effective as of August 2, 2021
appointed John Shoven, Ph.D., the Board’s current Chairman, to serve as the lead independent director of the Board, effective as of the Transition Effective Date.
Max materiality 0.85 · Median 0.65 · Most common event earnings