Cadence Design Systems Inc. (CDNS)

Name: Cadence Design Systems Inc. (CDNS): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Cadence Design Systems Inc. (CDNS) reported revenue of $1.5 billion for Q1 FY2026, the quarter ended 31 March 2026, up 18.7% on the same quarter a year earlier. Net income was $336 million, up 22.7% on the year, and diluted earnings per share $1.23. The figures are the company's own, from the 10-Q it filed with the SEC on 1 May 2026.

Revenue$1.5 billionup 18.7%

Net income$336 millionup 22.7%

Diluted EPS$1.23

QuarterQ1 FY2026ended 31 March 2026

Ratios

From the filings

ROE17.8%

ROCE17.3%

Operating margin28.3%

Net margin21.2%

FCF margin25.9%

Interest cover13.12

Debt to equity0.38

Cash conversion1.36

Share count, 1 year1.0%

Sales CAGR, 3 years14.1%

Profit CAGR, 3 years9.3%

EPS, TTM$4.29

At the close of 21 September 2026

Price$294.90

Market cap$81.3 billion

Stock P/E68.74

Price to book12.40

EV / EBITDA45.25

Dividend yieldn/a

Market cap / sales14.71

52-week high$416.39

52-week low$265.66

Price, 1 year-21.0%

Price CAGR, 3 years8.5%

Price CAGR, 5 years12.7%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the borrowings Cadence Design Systems Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CDNS

Filings	17 in twelve months: 8 current reports (8-K), about 4 results of operations; 3 officer or director change; 1 shareholder vote; 1 unregistered sale of equity
Planned insider sales	32 Form 144 notices in twelve months, $107.6 million; latest 15 September 2026
Options tape	put/call 1.07 by open interest on 23 September 2026; the straddle prices a 3.3% move to 25 September 2026
Holders	10 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading	83 sales and 0 purchases on Form 4 in twelve months
Congress	1 House trade disclosed in six months
Short interest	5.8 million shares short, 2.83 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026
Revenue	977	1,023	1,069	1,009	1,061	1,215	1,356	1,242	1,275	1,339	1,440	1,474
R&D	354	370	n/a	379	371	407	n/a	439	442	423	n/a	508
Operating income	299	293	337	250	294	350	457	362	242	425	463	431
Operating margin	31%	29%	31%	25%	28%	29%	34%	29%	19%	32%	32%	29%
Interest expense	8.9	9.1	9.0	8.7	12.9	24.5	29.9	29.1	28.9	29.0	29.4	31.6
Pre-tax income	298	300	362	310	316	333	437	356	281	393	493	428
Tax rate	26%	15%	11%	20%	27%	29%	22%	23%	43%	27%	21%	22%
Net income	221	254	324	248	230	238	340	274	160	287	388	336
Net margin	23%	25%	30%	25%	22%	20%	25%	22%	13%	21%	27%	23%
Diluted EPS	$0.81	$0.93	$1.19	$0.91	$0.84	$0.87	$1.23	$1.00	$0.59	$1.05	$1.42	$1.23
Operating cash flow	414	396	272	253	156	410	441	487	378	311	553	356
Capital expenditure	19.9	22.0	33.7	49.6	29.2	26.5	37.2	23.1	44.1	33.7	41.0	48.8
Free cash flow	394	374	238	204	127	383	404	464	334	277	512	307
Buybacks	325	125	125	125	125	150	150	350	175	200	200	200
Shares outstanding	272m	272m	272m	272m	274m	274m	274m	273m	272m	272m	272m	276m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 11 fiscal years and the trailing twelve months

	FY2011	FY2012	FY2013	FY2016	FY2017	FY2018	FY2019	FY2022	FY2023	FY2024	FY2025	TTM
Revenue	1,150	1,326	1,460	1,816	1,943	2,138	2,336	3,562	4,090	4,641	5,297	5,529
Cost of revenue	69.7	73.4	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Gross profit	1,080	1,253	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Gross margin	93.9%	94.5%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating income	120	212	189	245	324	396	492	1,074	1,251	1,351	1,492	1,562
Operating margin	10.5%	16.0%	12.9%	13.5%	16.7%	18.5%	21.1%	30.1%	30.6%	29.1%	28.2%	28.3%
Interest expense	43.0	34.7	37.6	23.7	25.7	23.1	18.8	22.9	36.2	76.0	117	119
Pre-tax income	95.4	188	159	237	315	376	479	1,045	1,282	1,396	1,522	1,594
Income tax	23.2	-252	-5.2	34.1	111	30.6	-510	196	241	340	413	423
Effective tax rate	24.3%	-133.7%	-3.3%	14.4%	35.2%	8.1%	-106.5%	18.8%	18.8%	24.4%	27.1%	26.6%
Net income	72.2	440	164	203	204	346	989	849	1,041	1,055	1,109	1,171
Net margin	6.3%	33.2%	11.2%	11.2%	10.5%	16.2%	42.3%	23.8%	25.5%	22.7%	20.9%	21.2%
Diluted EPS	$0.27	$1.57	$0.56	$0.70	$0.73	$1.23	$3.53	$3.09	$3.82	$3.85	$4.06	$4.29
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

	FY2011	FY2012	FY2013	FY2016	FY2017	FY2018	FY2019	FY2022	FY2023	FY2024	FY2025	TTM
Operating cash flow	240	316	368	445	471	605	730	1,242	1,349	1,261	1,729	1,598
Capital expenditure	31.4	36.0	44.9	53.7	57.9	61.5	74.6	123	102	143	142	168
Free cash flow	209	280	323	391	413	543	655	1,119	1,247	1,118	1,587	1,430
Free cash flow margin	18.2%	21.1%	22.1%	21.5%	21.2%	25.4%	28.0%	31.4%	30.5%	24.1%	30.0%	25.9%
Depreciation and amortisation	91.6	89.2	98.3	120	116	119	123	132	145	197	228	260
Share-based compensation	43.6	47.6	66.3	109	130	168	182	270	326	391	455	486
Buybacks	0.0	0.0	0.0	960	100	250	306	1,050	700	550	925	775
Diluted shares, weighted	271m	281m	295m	291m	280m	281m	281m	275m	273m	274m	273m	274m
Shares outstanding at period end	273m	281m	288m	278m	282m	280m	280m	273m	272m	274m	272m	276m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2011	FY2012	FY2013	FY2016	FY2017	FY2018	FY2019	FY2022	FY2023	FY2024	FY2025	TTM
Total assets	1,761	2,287	2,429	2,097	2,419	2,469	3,357	5,137	5,669	8,974	10,153	12,098
Cash and equivalents	602	726	536	465	688	533	705	882	1,008	2,644	3,001	1,407
Receivables	137	97.8	108	157	190	297	305	487	489	680	945	1,034
Inventory	43.2	36.2	50.2	39.5	33.2	28.2	55.8	128	182	258	304	318
Goodwill	192	233	457	573	666	662	662	1,374	1,536	2,379	2,749	4,930
Borrowings, as the company tags them	n/a	n/a	0.0	643	644	345	346	648	300	2,476	2,480	2,481
Operating lease liabilities	n/a	n/a	n/a	n/a	n/a	0.0	84.8	139	115	109	136	177
Shareholders' equity	411	915	1,156	742	989	1,288	2,103	2,745	3,404	4,674	5,474	6,561
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	n/a	n/a	14.1%	13.4%
Profit growth, compounded	n/a	n/a	9.3%	8.3%
Return on equity, average	n/a	26.1%	24.5%	20.3%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Services-Prepackaged Software

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Microsoft Corp. MSFT	$3.73 trillion	27.94	30.2%	46.8%	17.8%	0.09	0.7%
Oracle Corp. ORCL	$449.2 billion	23.29	28.3%	32.1%	21.6%	3.05	1.3%
Palantir Technologies Inc. PLTR	$439.9 billion	156.49	30.9%	42.8%	78.9%	0.00	n/a
CrowdStrike Holdings, Inc. CRWD	$255.3 billion	n/a	n/a	3.6%	24.3%	0.15	n/a
Salesforce, Inc. CRM	$194.6 billion	21.57	25.2%	19.9%	11.2%	1.02	0.7%
ServiceNow, Inc. NOW	$142.3 billion	85.86	13.3%	11.4%	22.2%	0.43	n/a
Adobe Inc. ADBE	$97.6 billion	13.93	61.9%	35.7%	12.0%	0.41	n/a
Datadog, Inc. DDOG	$90.9 billion	490.10	4.1%	0.4%	31.5%	n/a	n/a
Intuit Inc. INTU	$81.6 billion	18.48	24.0%	27.4%	13.9%	0.40	1.6%
Cadence Design Systems Inc. CDNS	$81.3 billion	68.74	17.8%	28.3%	13.4%	0.38	n/a
Synopsys Inc. SNPS	$77.0 billion	70.38	3.5%	8.5%	49.5%	0.32	n/a
Block, Inc. XYZ	$47.4 billion	139.12	1.6%	4.7%	5.1%	0.26	n/a
Autodesk, Inc. ADSK	$45.7 billion	28.35	48.5%	26.2%	17.9%	0.74	n/a
Veeva Systems Inc. VEEV	$42.3 billion	42.77	13.7%	29.9%	16.5%	n/a	n/a
Take TWO Interactive Software Inc. TTWO	$39.3 billion	n/a	-8.9%	-2.4%	15.3%	0.70	n/a
Gen Digital Inc. GEN	$17.5 billion	17.05	39.6%	41.7%	20.2%	3.07	1.7%
Tyler Technologies Inc. TYL	$16.0 billion	44.09	10.7%	15.1%	8.2%	0.46	n/a
PTC Inc. PTC	$15.0 billion	13.16	35.3%	37.8%	19.5%	0.41	n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	29 July 2026	EDGAR
10-Q	31 March 2026	1 May 2026	EDGAR
10-K	31 December 2025	19 February 2026	EDGAR
10-Q	30 September 2025	29 October 2025	EDGAR
10-Q	30 June 2025	30 July 2025	EDGAR
10-Q	31 March 2025	30 April 2025	EDGAR
10-K	31 December 2024	21 February 2025	EDGAR
10-Q	30 September 2024	30 October 2024	EDGAR
10-Q	30 June 2024	24 July 2024	EDGAR
10-Q	31 March 2024	24 April 2024	EDGAR

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