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CDNS · NasdaqGS

Cadence Design Systems, Inc.

Software - Application · United States

USD 358.751.5% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$98.80B
Trailing P/E
71.32x
Forward P/E
37.50x
Quarterly revenue growth
24.2%
Trailing net margin
23.6%
Indicated dividend yield
—

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-26 (provider estimate, not issuer-confirmed).

Company background

Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.

Company website

Q2 2026

Go beyond the headline.

Cadence Stock: It Beat, Raised Guidance & Set a Record Backlog — So Why We Say HOLD (CDNS Q2 2026)

Published 2026-07-28

Comparable businesses

CDNS peer comparison

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Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricCDNSCadence Design Systems, Inc.Snapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$98.80B
Forward P/EProvider forward earnings estimate37.50x
EV / EBITDAEnterprise value / trailing EBITDA45.67x
Revenue growthLatest quarter vs prior-year quarter24.2%
Operating marginLatest reported quarter28.6%
Free cash flow yieldTrailing cash flow / market cap1.6%
Net debt / EBITDANet debt / trailing EBITDA0.52x
Debt / equityTotal debt / positive book equity0.39x
Trailing P/ETrailing twelve-month earnings71.32x
Price / bookPrice / positive book equity per share14.41x
EV / salesEnterprise value / trailing revenue16.87x
Earnings growthLatest quarter vs prior-year quarter125.4%
Gross marginTrailing twelve months85.9%
Net marginTrailing twelve months23.6%
Return on equityProvider trailing return; positive equity only23.2%
Free cash flow marginTrailing free cash flow / revenue27.6%
Dividend yieldIndicated annual dividend / price—
Earnings payoutProvider trailing dividend payout0.0%
Current ratioCurrent assets / current liabilities1.74x
BetaProvider historical market sensitivity1.13

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for CDNS

All available reporting periods
Q2 20262026-07-28
Q1 20262026-04-28

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.