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CDNS

Cadence Design Systems, Inc.

CDNS

NASDAQ·Technology·Software - Application·Mkt cap $80.6B

$292.70

-3.99%

P/E

58.08

Mkt Cap

$80.6B

52-Wk Range

$262.75–$416.69

52-Week Range

$262.75 - $416.69

P/E

58.08

Fwd P/E

35.95

Beta

1.14

Div Yield

0.00%

Avg Vol

2.4M

Shares Out

275.8M

Mkt Cap

$80.6B

Price action

Price chart

Down 18.8% over the trailing year

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.
  • Significant premium - growth priced in

Growth

Stable outlook

5G and semiconductor infrastructure expansion

Value

Significant premium - growth priced in

Momentum

Falling

-25.8% over 3m

Quality

Excellent

Strong fundamentals

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: Oct 26, 2026

Q3 26 RECAP

JUL 27, 2026

Reported EPS of $2.11 vs $2.05 consensus (+2.9% surprise). Revenue of $1.6B vs $1.6B expected (+0.5%). Beat on both top and bottom lines.

EPS beat +2.9%
Rev beat +0.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+2.9%

Revenue trend · last 8Q

+27%

+23%

+20%

+10%

+6%

+19%

+24%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$1.2B

$1.4B

$1.2B

$1.3B

$1.3B

$1.4B

$1.5B

$1.6B

Margins · last 8Q

Gross

96.0%

Operating

28.4%

Profit

23.2%

Wall Street consensus

10 analysts · 80% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

8

80%

Hold

2

20%

Sell

0%

Median Price Target

Latest: Morgan Stanley · Jul 29, 2026

vs Industry

How CDNS stacks vs Software - Application

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

Industry comparison data unavailable for this stock.