CDNS

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Cadence Design Systems (CDNS) is back in focus after its shares fell 1.63% in a recent session that lagged major indexes, as investors look ahead to the July 27 earnings report. See our latest analysis for Cadence Design Systems. Beyond the latest pullback, Cadence Design Systems has seen its share price advance 19.68% year to date and 21.03% over 90 days. Total shareholder return over five years sits at 163.92%, suggesting longer term momentum remains intact even as short term expectations around the upcoming earnings report and competitive moves in chip design drive swings around the current US$371.50 level. If Cadence’s role in AI driven chip design has your attention, it may be a good time to broaden your watchlist with 52 AI infrastructure stocks Cadence Design Systems looks like a powerful franchise in AI driven chip design, but after a strong multi year run and a recent pullback, is the stock still a solid deal or now pricing in that strength? Against the last close at $371.50, the most followed narrative pegs Cadence Design Systems' fair value slightly higher at $383.94, framing the stock as modestly discounted and highly dependent on AI led product adoption. Read the complete narrative. Curious what growth path and profit structure need to hold up to support that fair value, including the premium earnings multiple implied by those long term targets. Result: Fair Value of $383.94 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, investors still need to weigh Cadence Design Systems' heavy reliance on AI themed partnerships and its sizable China exposure, both of which could affect growth assumptions if conditions change. Find out about the key risks to this Cadence Design Systems narrative. The narrative pegged Cadence Design Systems as about 3.2% undervalued, but the current P/E of 87.5x tells a very different story. That is far above the US Software industry at 28.9x, the peer average at 37.8x, and the fair ratio estimate of 34.2x, which points to meaningful valuation risk if sentiment cools. For a closer look at how this pricing gap compares to earnings power and sector norms, see the See what the numbers say about this price — find out in our valuation br...

Delta fell on earnings. Memory giant SK Hynix is set for its Nasdaq debut after a huge offering as peers Micron and Sandisk dipped.

SAN JOSE, Calif., July 06, 2026--(BUSINESS WIRE)--Cadence (Nasdaq: CDNS) will hold its second quarter 2026 financial results webcast on Monday, July 27, 2026. Participating in the webcast will be Dr. Anirudh Devgan, president and chief executive officer, and John Wall, senior vice president and chief financial officer. The webcast will begin on Monday, July 27, 2026, at 2:00 p.m. Pacific Time. A recording of the webcast will be available online for replay at investor.cadence.com until the company’s conference call to discuss its third quarter 2026 financial results. About Cadence Cadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the engineering design of silicon to systems. Our design solutions, based on Cadence’s Intelligent System Design™ strategy, are essential for the world’s leading semiconductor and systems companies to build their next-generation products from chips to full electromechanical systems that serve a wide range of markets, including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics. In 2024, Cadence was recognized by the Wall Street Journal as one of the world’s top 100 best-managed companies. Cadence® solutions offer limitless opportunities—learn more at cadence.com. © 2026 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners. Category: Financial View source version on businesswire.com: https://www.businesswire.com/news/home/20260706493931/en/ Contacts For more information, please contact: Cadence Investor [email protected]

With a market cap of $102.9 billion, Cadence Design Systems, Inc. (CDNS) is a leading electronic design automation (EDA) software company that provides software, hardware, and intellectual property solutions used to design semiconductors, advanced packaging, and complex electronic systems. Its technologies are widely adopted by chipmakers, hyperscale cloud providers, automotive companies, aerospace and defense firms, and consumer electronics manufacturers to accelerate product development and AI-driven chip design. The company is headquartered in San Jose. The company is expected to report its Q2 2026 earnings soon. Ahead of the event, analysts expect CDNS to deliver a profit of $1.62 per share, up 32.8% from $1.22 per share reported in the year-ago quarter. Moreover, it met or surpassed the consensus EPS estimates in each of the past four quarters. Dear SpaceX Stock Fans, Mark Your Calendars for July 7 SanDisk Slumps 10% But BofA Stays Bullish. Here Is How to Play SanDisk Stock Here. 1 High-Probability Iron Condor Trade on Broadcom Stock to Make Now with 29% Return Potential Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the full fiscal 2026, CDNS is expected to report an EPS of $6.23, up 13.7% from $5.48 in 2025. Plus, in fiscal 2027, its earnings are expected to grow 19.7% year-over-year to $7.46 per share. CDNS stock prices have soared 20% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund’s (XLK) 42.4% gains while almost on par with the S&P 500 Index’s ($SPX) 20.2% returns during the same time frame. Cadence Design Systems reported first-quarter 2026 results on Apr. 27, posting revenue of $1.5 billion, up 18.7% from the prior-year quarter. On the bottom line, non-GAAP EPS increased 24.8% to $1.96. Despite reporting better-than-expected first-quarter 2026 results, Cadence Design Systems' stock declined in the immediate aftermath of the earnings release, slumping 3.3% the following day. Nevertheless, the consensus opinion on CDNS stock is bullish, with an overall “Strong Buy” rating. Out of 22 analysts covering the stock, 17 advise a “Strong Buy” rating, one recommends a “Moderate Buy,” and four suggest a “Hold.” The average analyst price target for CDNS is $394.67, indicating a potential upside of 5.8% from the current l...

Recently, Cadence Design Systems drew increased investor attention after analysts highlighted expectations for strong earnings growth and reaffirmed stable consensus forecasts for the business. This renewed focus, underlined by a favorable analyst ranking, points to broad market confidence in Cadence’s near-term operational and earnings outlook. With this backdrop of strong earnings expectations and stable estimates, we’ll explore how the news shapes Cadence’s broader investment narrative. Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution. To own Cadence, you generally need to believe its AI driven design tools and foundry partnerships can support durable earnings, even as competition intensifies and valuations look full. The latest analyst attention on strong near term earnings and a solid ranking reinforces the current earnings momentum, but it does not materially change the biggest near term swing factors: execution on AI tools as a growth driver and the risk that high expectations could magnify any earnings disappointment. Among recent announcements, the expanded multi year collaboration with Intel Foundry on Intel 14A is particularly relevant. It ties Cadence’s AI enabled design flows directly into a leading edge process node, supporting the narrative that AI tools and deep foundry relationships could be key earnings catalysts. At the same time, this kind of concentration in a few large, sophisticated partners highlights how sensitive the story could be if any major customer were to change course. Yet beneath the optimism around near term earnings, investors should be aware that concentration in a handful of large customers could... Read the full narrative on Cadence Design Systems (it's free!) Cadence Design Systems' narrative projects $8.1 billion revenue and $1.9 billion earnings by 2029. This requires 13.4% yearly revenue growth and an earnings increase of about $0.7 billion from $1.2 billion today. Uncover how Cadence Design Systems' forecasts yield a $383.94 fair value, in line with its current price. Some of the lowest ranked analysts are far more cautious, assuming revenue of about US$7.7 billion and earnings near US$1.6 billion by 2029, and worry that open source and low cost EDA tools could erode Cadence’s pricing power much faster than the recent upbeat earning...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Cadence Design Systems stock has delivered a strong 169.8% return over the past 5 years, yet the current valuation checks point to a company that screens as expensive rather than a clear bargain. A 169.8% return over 5 years highlights how strongly the market has rewarded Cadence Design Systems, which raises the bar for what future performance may need to justify today’s price. The expanded Intel Foundry collaboration and agentic AI virtual engineer offering can support expectations for future growth, while any disappointment in adoption or monetisation of these AI tools may weigh on how much investors are willing to pay for the stock. On Simply Wall St’s broader valuation checks, Cadence Design Systems is undervalued in 0 of 6 tests. This suggests the stock currently leans expensive rather than obviously mispriced. The issue now is whether Cadence Design Systems’ premium valuation can still be justified by its growth prospects after such a strong multi year share price run. Cadence Design Systems delivered 20.7% returns over the last year. See how this stacks up to the rest of the Software industry. The P/E ratio is a useful yardstick for Cadence Design Systems because earnings are a key driver for established software companies with recurring revenue models. Cadence trades on a P/E of about 88.4x, which is well above the broader software industry average of roughly 26.9x and also ahead of the peer group average of about 38.3x. On Simply Wall St’s fair P/E estimate, which sits around 34.2x based on factors such as growth, profitability, size and risk, Cadence Design Systems also screens expensive, with the current multiple more than double that level. Despite the recent excitement around the expanded Intel Foundry partnership and the launch of its agentic AI virtual engineer, the stock price already embeds a rich earnings multiple that reflects optimistic expectations. Overall, Cadence Design Systems appears expensive on its current P/E multiple relative to both tailored fair value estimates and typical software peers. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Cadence Design Systems pick up where the valuation puzzle leaves off by spelling out what would need to happen to...

Progress Software (PRGS) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.4 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.97%. A quarter ago, it was expected that this business software maker would post earnings of $1.57 per share when it actually produced earnings of $1.6, delivering a surprise of +1.91%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Progress Software, which belongs to the Zacks Computer - Software industry, posted revenues of $253.47 million for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 4.87%. This compares to year-ago revenues of $237.35 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Progress Software shares have lost about 21.2% since the beginning of the year versus the S&P 500's gain of 8.7%. While Progress Software has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Progress Software was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete l...

A month has gone by since the last earnings report for Blackbaud (BLKB). Shares have lost about 18.2% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Blackbaud due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Blackbaud, Inc. before we dive into how investors and analysts have reacted as of late. Blackbaud’s Q1 Earnings Beat on Recurring Revenue Strength Blackbaud delivered non-GAAP earnings of $1.14 per share in the first quarter of 2026, up 20.0% year over year and 1.8% above the Zacks Consensus Estimate. Revenue of $281.14 million increased 4.2% from the year-ago quarter and came in 0.4% ahead of the consensus mark. Performance reflected steady subscription-led execution and healthy transactional volumes. Recurring revenue rose 5.0% to $276.5 million and represented 98.3% of total revenue, keeping the quarter anchored in durable, repeatable demand. BLKB Maintains A Subscription-Led Growth Profile BLKB continued to post consistent top-line progress with organic revenue growth of 4.2% in the quarter. Management emphasized that demand remained solid for its mission-critical offerings, while transactional revenue volumes contributed positively, even as the company maintained a conservative posture around the inherent variability of transactional revenue. The company also pointed to a contract-duration tailwind at renewal. Management noted that more than 20% of customers are now on four-year or longer terms, aided by confidence in product outcomes and the practicality of AI enhancements embedded within workflows. Blackbaud Leans Into Agentic AI Commercialization Blackbaud highlighted continued product innovation as a strategic driver, with more than 70 new AI capabilities embedded across its offerings and the launch of its first “Agent For Good” solution, the Development Agent. The company positioned this as a new product category aimed at scaling fundraising capacity inside the trusted Blackbaud environment. On the earnings call, management framed early commercialization as still in the ramp phase but cited strong interest from existing customers, including oversubscribed webinars and early customer results. The company described the Deve...

The chip-design software and hardware firm beat analyst expectations for both earnings and revenue. It also raised its full-year guidance.

It has been about a month since the last earnings report for Cadence Design Systems (CDNS). Shares have added about 17.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Cadence due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Cadence Design Systems, Inc. before we dive into how investors and analysts have reacted as of late. Cadence delivered a strong first quarter of 2026, driven by broad-based demand for its AI-oriented portfolio amid robust design activity. Non-GAAP earnings per share (EPS) of $1.96 beat the Zacks Consensus Estimate by 4.3%, increased 24.8% year over year and topped management’s guided range of $1.89 to $1.95. Revenues of $1.474 billion beat the Zacks Consensus Estimate by 1.7% and increased 19% year over year. The figure beat management’s guided range of $1.42-$1.46 billion. On the earnings call, the company emphasized its agentic AI strategy, including the launch of AgentStack and new AI Super Agents (ViraStack and InnoStack) that are designed to automate more of the chip design workflow. Cadence expects agentic tools to drive higher EDA consumption and usage across its platform as customers run more simulations, verification and implementation cycles.A standout metric was a record backlog of $8 billion, driven by strong bookings. Strong backlog and accelerating AI demand led to a raise in its 2026 revenue outlook.Cadence raised its full-year 2026 revenue outlook to a band of $6.125-$6.225 billion, compared with the earlier guided range of $5.9-$6 billion. The Zacks Consensus Estimate is currently $5.99 billion.Non-GAAP EPS for 2026 is now expected to be between $7.85 and $7.95, compared with the earlier guided range of $8.05 to $8.15. The Zacks Consensus Estimate is currently pinned at $8.16 per share. Cadence noted that the bottom-line performance would primarily be impacted by Hexagon’s Design & Engineering business acquisition, which will add about $160 million to revenues but would be dilutive to the bottom line by nearly 28 cents. The deal was funded using 70% cash and 30% stock. It expects the buyout to be accretive in 2027. Product & Maintenance revenues (91.5% of total revenues) of $1.349 billion rose 21.4% year over year. Services revenues (8....

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the design software industry, including Cadence Design Systems (NASDAQ:CDNS) and its peers. The demand for rich, interactive 2D, 3D, VR and AR experiences is growing, and while the ubiquitous metaverse might still be more of a buzzword than a real thing, what is real is the demand for the tools to create these experiences, whether they are games, 3D tours or interactive movies. The 6 design software stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 3% while next quarter’s revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.7% since the latest earnings results. Powering the chips behind everything from smartphones to AI accelerators for over 35 years, Cadence Design Systems (NASDAQ:CDNS) provides essential computational software, hardware, and intellectual property used by engineers to design and verify advanced electronic systems and semiconductors. Cadence Design Systems reported revenues of $1.47 billion, up 18.7% year on year. This print exceeded analysts’ expectations by 1.9%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates. “Cadence had a strong start to 2026, delivering a solid Q1 with accelerating AI demand and record backlog, reflecting strong customer commitment to our AI-driven portfolio,” said Anirudh Devgan, president and chief executive officer. Cadence Design Systems delivered the weakest full-year guidance update of the whole group. Interestingly, the stock is up 6% since reporting and currently trades at $356.78. Is now the time to buy Cadence Design Systems? Access our full analysis of the earnings results here, it’s free. Originally named after Adobe Creek that ran behind co-founder John Warnock's house, Adobe (NASDAQ:ADBE) develops software products used for digital content creation, document management, and marketing solutions across desktop, mobile, and cloud platforms. Adobe reported revenues of $6.40 billion, up 12% year on year, outperforming analysts’ expectations by 1.9%. The business had a strong quarter with a solid beat of analysts’ billings estimates and EPS guidance for next quarter...

Cadence Design Systems’ Q1 results reflected continued momentum in electronic design automation, with management crediting robust demand for AI-driven and agentic solutions across chip design and system analysis. CEO Anirudh Devgan highlighted a record $8 billion backlog and strong customer confidence in Cadence’s expanding AI portfolio, especially as chip and system complexity rises. The company also pointed to accelerated adoption of its digital, custom, and IP platforms, citing successful customer wins and increased usage at marquee accounts. Management emphasized the impact of growing chip complexity and the need for automation as core drivers of the quarter’s performance. Is now the time to buy CDNS? Find out in our full research report (it’s free). Revenue: $1.47 billion vs analyst estimates of $1.45 billion (18.7% year-on-year growth, 1.9% beat) Adjusted EPS: $1.96 vs analyst estimates of $1.89 (4% beat) Adjusted Operating Income: $658.9 million vs analyst estimates of $636.5 million (44.7% margin, 3.5% beat) The company lifted its revenue guidance for the full year to $6.18 billion at the midpoint from $5.95 billion, a 3.8% increase Management lowered its full-year Adjusted EPS guidance to $7.90 at the midpoint, a 2.5% decrease Operating Margin: 29.3%, in line with the same quarter last year Billings: $1.56 billion at quarter end, up 26.7% year on year Market Capitalization: $94.04 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Yu Shi (Needham): asked about AI’s potential to disrupt Cadence’s base EDA tool business. CEO Anirudh Devgan responded that Cadence’s expertise and R&D scale make it unlikely competitors could outpace their base tools, emphasizing new agentic AI products will add to consumption rather than erode core demand. Jason Celino (KeyBanc): questioned the drivers behind lower margin guidance. CFO John Wall explained the Hexagon acquisition’s integration costs and near-term dilution are the primary factors, with expectations of margin improvement once synergies are achieved. Vivek Arya (Bank of America): asked about semiconductor shortages and their impact. Devgan said healthy customer...