Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to verify the correct interaction with dozens of design IP interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was incorporated in 1988 and is headquartered in San Jose, California.
IPO Year:
Exchange: NASDAQ
Website: cadence.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/18/2026 | $360.00 | Neutral → Buy | Rosenblatt |
| 12/1/2025 | Underperform → Perform | Oppenheimer | |
| 11/24/2025 | $385.00 | Buy | Citigroup |
| 10/2/2025 | $400.00 | Outperform | BNP Paribas Exane |
| 7/29/2025 | $355.00 | Overweight → Neutral | Piper Sandler |
| 7/10/2025 | $380.00 | Buy | Goldman |
| 4/24/2025 | $325.00 | Neutral → Overweight | Analyst |
| 1/13/2025 | $350.00 | Buy | Redburn Atlantic |
| 11/22/2024 | $350.00 | Overweight | Wells Fargo |
| 11/12/2024 | $360.00 | Buy | Loop Capital |
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Rosenblatt upgraded Cadence Design from Neutral to Buy and set a new price target of $360.00
Oppenheimer upgraded Cadence Design from Underperform to Perform
Citigroup initiated coverage of Cadence Design with a rating of Buy and set a new price target of $385.00
BNP Paribas Exane initiated coverage of Cadence Design with a rating of Outperform and set a new price target of $400.00
Piper Sandler downgraded Cadence Design from Overweight to Neutral and set a new price target of $355.00
Goldman initiated coverage of Cadence Design with a rating of Buy and set a new price target of $380.00
Analyst upgraded Cadence Design from Neutral to Overweight and set a new price target of $325.00
Redburn Atlantic initiated coverage of Cadence Design with a rating of Buy and set a new price target of $350.00
Wells Fargo initiated coverage of Cadence Design with a rating of Overweight and set a new price target of $350.00
Loop Capital initiated coverage of Cadence Design with a rating of Buy and set a new price target of $360.00
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Cadence (NASDAQ:CDNS): WHO: Richard Gu, vice president of investor relations, Cadence (NASDAQ:CDNS). WHAT: Gu will participate in a fireside chat at the Nasdaq's 54th Investor Conference in London, on Tuesday, June 9, 2026. WHEN: The talk will be webcast live at 1:00 p.m. BST. The presentation will be archived on the Cadence website and available for replay for one year. WHERE: The webcast will be available online at investor.cadence.com. 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 Intelligen
Level-5 ChipStack AI Super Agent framework and NVIDIA OpenShell runtime advance secure, agentic AI across semiconductor development At Computex 2026, Cadence (NASDAQ:CDNS) announced the industry's first fully autonomous virtual agentic AI design engineer, extending the ChipStack™ AI Super Agent to Level-5 autonomy. Built on Cadence's AI-driven electronic design automation (EDA) portfolio with NVIDIA Nemotron models, and secured by NVIDIA OpenShell runtime, the new agentic capabilities enable customers to run dynamic simulations in automated workflows. At NVIDIA, 1000s of engineers are using billions of compute hours per year to run millions of tests to verify their designs. Each engineer
Multi-year agreement expands Memory, NVIDIA NVLink-C2C and advanced Interface IP, and agentic AI-optimized GPU‑accelerated EDA and SDA flows on Samsung Foundry's second-generation 2nm node for next-generation AI infrastructure and physical AI designs Cadence (NASDAQ:CDNS) and Samsung Foundry today announced development of a full portfolio of Memory and Interface IP, and expanded certification of Cadence's agentic AI digital, custom, 3D‑IC and system design and analysis (SDA) flows for Samsung Foundry's second-generation 2nm process technology. This collaboration delivers a signoff‑ready platform for next‑generation AI infrastructure and physical AI designs across data center, edge and int
Cadence (NASDAQ:CDNS): WHO: Dr. Anirudh Devgan, president and chief executive officer, Cadence (NASDAQ:CDNS). WHAT: Dr. Devgan will participate in a fireside chat at the Bank of America (BofA) Securities 2026 Global Technology Conference in San Francisco on Wednesday, June 3, 2026. WHEN: The talk will be webcast live at 2:00 p.m. PDT. The presentation will be archived on the Cadence website and available for replay for one year. WHERE: The webcast will be available online at investor.cadence.com. 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 s
Cadence (NASDAQ:CDNS) today announced that Aeva, a leader in next-generation sensing and perception systems, has licensed Cadence® Tensilica® Vision DSP IP to accelerate signal processing in its 4D LiDAR systems—enabling flexible and scalable solutions for industrial robotics and automotive applications. This design win marks a significant step in delivering high-performance, low-power lidar systems optimized for real-time perception and autonomy. Lidar technology enables precise 3D mapping and object detection in robotics, autonomous vehicles, industrial automation and other physical AI applications at the edge. Its ability to deliver high-resolution depth information makes it indispensa
Record Backlog of $8.0 Billion Raising 2026 Revenue Outlook to ~17% YoY Growth Cadence (NASDAQ:CDNS) today announced results for the first quarter of 2026. First Quarter 2026 Financial Results Revenue of $1.474 billion, compared to revenue of $1.242 billion in Q1 2025 GAAP operating margin of 29.3%, compared to 29.1% in Q1 2025 Non-GAAP operating margin of 44.7%, compared to 41.7% in Q1 2025 GAAP diluted net income per share of $1.23, compared to $1.00 in Q1 2025 Non-GAAP diluted net income per share of $1.96, compared to $1.57 in Q1 2025 Quarter-end backlog was $8.0 billion and revenue expected to be recognized in the next 12 months from remaining performance obligati
Expanding partnership enables Cadence's Design for AI and AI for Design strategy across TSMC's N3, N2, A16 and A14 process nodes Developing "agent‑ready" digital and analog flows that integrate agentic AI to enable goal‑driven PPA, reliability and productivity optimization. Cadence's TSMC‑certified digital, custom/analog, 3D‑IC and signoff platforms reduce design iterations and time to tapeout. Strong customer momentum designing on TSMC's 3nm and 2nm technologies underscores the collaboration's broad market impact. Cadence (NASDAQ:CDNS) today announced an expansion of its longstanding relationship with TSMC to accelerate AI-driven semiconductor innovation. The expanded coll
Expanded collaboration combines agentic AI, physics-based simulation, and digital twins to accelerate engineering and unlock new levels of productivity across semiconductors, physical AI systems and AI factories At CadenceLIVE Silicon Valley 2026, Cadence (NASDAQ:CDNS) announced an expanded partnership with NVIDIA to deliver accelerated solutions across agentic AI, physics-based simulation and digital twins to unlock new levels of productivity and accelerate next‑generation engineering design flows across semiconductor design, physical AI systems and hyperscale AI factories. By combining Cadence's leadership in agentic AI-driven design, electronic design automation (EDA) and system desi
Integration of Google's Gemini models with Cadence ChipStack AI Super Agent accelerates next-generation, agent-driven design automation Cadence, an industry leader in AI-driven computational software for semiconductor and system design, today announced a strategic collaboration with Google to optimize the Cadence® ChipStack™ AI Super Agent with Gemini on Google Cloud. This collaboration positions Cadence at the forefront of the shift toward agentic design automation, creating an agent-driven, scalable, cloud-native platform for next-generation chip design and verification. The Cadence ChipStack AI Super Agent integrates advanced agentic reasoning with Cadence's EDA solutions, delivering
Cadence (NASDAQ:CDNS) will hold its first quarter 2026 financial results webcast on Monday, April 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, April 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 second 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 desi
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Live Leadership Updates
Cadence (NASDAQ:CDNS) today announced the appointment of Dr. Luc Van den hove to its board of directors, effective January 1, 2026. Dr. Van den hove currently serves as chief executive officer of imec, a world-leading non-for-profit research and innovation hub in nanoelectronics and digital technologies. "We are honored to welcome Luc to our board of directors," said ML Krakauer, chair of the board, Cadence. "As AI continues to reshape semiconductor and system design, our AI-driven design solutions are empowering customers to achieve extraordinary breakthroughs. Luc's deep technical expertise, trusted ecosystem relationships and broad industry perspective will bring invaluable insights as
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced the appointment of Moshe Gavrielov to its board of directors, effective January 1, 2025. Mr. Gavrielov currently serves as a member of the board of NXP Semiconductors N.V. and Taiwan Semiconductor Manufacturing Company Ltd., as chair of the board of Foretellix and SiMa.ai, and has previously held executive roles at several global technology companies. "We are honored to welcome Moshe to our board of directors," said ML Krakauer, chair of the board, Cadence. "The AI era offers immense opportunities, and our cutting-edge solutions empower customers to drive unprecedented innovation. Moshe's deep industry knowledge, strong ecosystem
Equinix, NetApp, NVIDIA and Workday join Fem.AI Alliance to drive change, backed by initial $20 million Cadence investment Cadence Design Systems, Inc. (NASDAQ:CDNS) announced that industry leaders Equinix Foundation, NetApp, NVIDIA and Workday are founding members of the Cadence Giving Foundation's Fem.AI Alliance, a group of companies and institutions that have committed to driving change towards a more representative tech and AI workforce. The Fem.AI Alliance is dedicated to evolving the future workforce by increasing women's representation and leadership in the tech industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024
BETA CAE's world-renowned solutions will complement and expand Cadence's system analysis portfolio for automotive, aerospace, industrial and healthcare verticals Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions. The addition of BETA CAE's proven technologies and talent will accelerate Cadence's Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunit
Transaction brings Cadence skilled system design expertise in delivering end-to-end custom solutions to customers across multiple industries Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has acquired Invecas, Inc., a leading provider of design engineering, embedded software and system-level solutions, headquartered in Santa Clara, California. The purchase adds a skilled system design engineering team to Cadence, with expertise in providing customers with custom solutions across chip design, product engineering, advanced packaging and embedded software. Accelerating trends such as digital transformation of multiple vertical markets and more system companies building
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that current Cadence board member, Mary Louise (ML) Krakauer, has assumed the role of chair of the board, effective May 4, 2023. Ms. Krakauer, who previously held various executive roles at global technology companies, also serves as a director of Mercury Systems, Inc. and Proterra Inc. Ms. Krakauer's appointment was confirmed by the Cadence board following the annual shareholder's meeting last week. Ms. Krakauer succeeds Lip-Bu Tan, who had served as Cadence's executive chair. "ML first joined our board in January 2022, and we're honored that she's been appointed chair as we embark on the next phase of our growth," said Dr. Ani
HALIFAX, NS / ACCESSWIRE / August 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Mr. Jack Harding as Chair of the Board of Directors, effective August 16, 2022. Mr. Ram Ramkumar, META's current Chair, is retiring from the Board and moving into a Strategic Advisor role for a period of two years. The Company wishes to thank Mr. Ramkumar for his dedication during this transformative period which included among many milestones META's June 2021 listing on the NASDAQ via a reverse merger with Torchlight Energy Resources."Delivering innovation at scale is
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced the appointment of Mary Louise (ML) Krakauer to its board of directors, effective January 31, 2022. Ms. Krakauer currently serves on the boards of Xilinx, Inc., Mercury Systems, Inc., DXC Technology and Proterra Inc. and previously held various executive roles at global technology companies. "We are honored to welcome ML to our board of directors," said Lip-Bu Tan, Cadence's executive chairman of the board. "ML has had a highly distinguished career and her extensive experience at several global technology companies will provide Cadence with key strategic and operational insights, helping accelerate growth through our Intelligent Sy
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that its Chief Executive Officer Lip-Bu Tan will transition to the role of executive chairman on December 15, 2021, with President Anirudh Devgan assuming the role of president and CEO at that time. Devgan is joining the Cadence Board of Directors effective August 2, 2021. Chairman of the Board John Shoven has been appointed lead independent director, effective December 15, 2021. Tan and Devgan will continue their close partnership, which has delivered strong growth and consistent business results over the past four years. Tan, 61, became CEO in January 2009 and reinvented the company, driving a fundamental cultural transformation
Live finance-specific insights
Cadence (NASDAQ:CDNS) will hold its first quarter 2026 financial results webcast on Monday, April 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, April 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 second 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 desi
Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has completed the acquisition of OpenEye Scientific Software, Inc. ("OpenEye"). The addition of OpenEye's technologies and experienced team accelerates the Cadence® Intelligent System Design™ strategy by extending Cadence's computational software core competency to molecular modeling and simulation that is targeted to life sciences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220901005242/en/ OpenEye, an industry leader in computational molecular design, has pioneered physics-based approaches and the cloud-native Orion® software platform to accelerate advances
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that it has completed the acquisition of Future Facilities. The addition of Future Facilities technologies and expertise supports the Cadence® Intelligent System Design™ strategy and broadens its multiphysics system analysis and computational fluid dynamics (CFD) portfolios. Future Facilities' electronics cooling analysis and energy performance optimization solutions for data center design and operations using physics-based 3D digital twins enables leading technology companies to make informed business decisions about data center design, operations and lifecycle management and reduce their carbon footprint. Future Facilities' proven
Broadens expansion into multiphysics domain with market-leading computational fluid dynamics mesh generation and pre-processing technology Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has acquired Pointwise, Inc., a leader in mesh generation for computational fluid dynamics (CFD). The addition of Pointwise's technologies and experienced team supports the Cadence® Intelligent System Design™ strategy and further broadens its system analysis portfolio, complementing the recently acquired NUMECA CFD technology. Together, these acquisitions will enable advanced CFD solutions where accuracy, reliability, predictability and performance are paramount for high-fidelity charact
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has completed the acquisition of NUMECA International. The addition of NUMECA’s technologies and talent supports the Cadence® Intelligent System Design™ strategy and broadens its system analysis portfolio with computational fluid dynamics (CFD) solutions. These products will contribute to the best-in-class Cadence system analysis solutions for integrated circuits (ICs), electronic subsystems and full system designs. NUMECA’s proven technologies serve several industries including aerospace, automotive, industrial and marine, and have been adopted by industry leaders such as NASA, Ar
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