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CDNS

Cadence Design Systems, Inc.

CDNS

NASDAQ·Technology·Software - Application·Mkt cap $104.2B

$373.14

-1.22%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$262.75 - $416.69

P/E

86.98

Fwd P/E

47.23

Beta

1.15

Div Yield

0.00%

Avg Vol

2.5M

Shares Out

275.8M

Mkt Cap

$104.2B

Price action

Price chart

Up 21.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Comprehensive end-to-end design ecosystem
  • Advanced proprietary verification technologies
  • Deep industry expertise and relationships
  • Continuous innovation and R&D investment

Bear Case

2 risks

  • Average volatility.
  • High premium - requires strong execution

Growth

Moderate growth ahead

5G and semiconductor infrastructure expansion

Value

High premium - requires strong execution

Momentum

Hot

+35.5% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 27, 2026

Q2 26 RECAP

APR 27, 2026

Reported EPS of $1.96 vs $1.91 consensus (+2.6% surprise). Revenue of $1.5B vs $1.5B expected (+1.2%). Beat on both top and bottom lines.

EPS beat +2.6%
Rev beat +1.2%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+2.6%

Next: Jul 27, 2026

Revenue trend · last 8Q

+27%

+23%

+20%

+10%

+6%

+19%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.1B

$1.2B

$1.4B

$1.2B

$1.3B

$1.3B

$1.4B

$1.5B

Margins · last 8Q

Gross

95.8%

Operating

29.3%

Profit

22.8%

Wall Street consensus

8 analysts · 88% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

7

88%

Hold

1

13%

Sell

0%

Median Price Target

$425.00

+13.9% vs $373.14

Low $385.00
Median $425.00
High $440.00

Latest: Berenberg · $440.00 · May 27, 2026

4 analysts covering

vs Industry

How CDNS stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes