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Cadence Design Systems (CDNS)
NASDAQ:CDNS
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.49Last Year’s EPS
1.17Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -10.05%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
Cadence demonstrated strong financial performance in 2024, with significant growth in revenue and operating margin. The company showed notable achievements in its hardware, IP, and AI product segments. However, challenges remain in the China market, which affected core EDA growth and recurring revenue projections. Despite these challenges, the company's strong backlog and product momentum position it well for continued success.Company Guidance
During Cadence's fourth quarter and fiscal year 2024 earnings call, the company provided guidance for 2025, projecting revenue between $5.14 billion and $5.22 billion, with a non-GAAP operating margin ranging from 43.25% to 44.25%. For the first quarter of 2025, they anticipate revenue between $1.23 billion and $1.25 billion, with a non-GAAP operating margin of 40% to 41%. The company also expects GAAP EPS to range from $4.19 to $4.29 for the full year, and non-GAAP EPS between $6.65 and $6.75. Operating cash flow is projected to be between $1.6 billion and $1.7 billion, with plans to use approximately 50% of free cash flow for share repurchases. Cadence emphasized their record backlog of $6.8 billion and a cRPO of $3.4 billion, while noting potential headwinds in China but expecting strong performance from their IP and hardware segments.Strong Revenue Growth
Cadence delivered 13.5% revenue growth for the fiscal year 2024, with a record backlog of $6.8 billion.
High Operating Margin
The company achieved a 42.5% non-GAAP operating margin for the year, indicating strong profitability.
Hardware and IP Business Performance
Hardware and IP segments performed exceptionally well, with the IP business growing 28% year-over-year in Q4.
AI Product Adoption
Cadence's AI-powered products like Cadence Cerebrus, SimAI, and Allegro X AI are gaining momentum, with 750 tape-outs to date.
System Design & Analysis Growth
The System Design & Analysis business achieved over 40% growth in 2024, driven by AI-driven optimization.
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CDNS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CDNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $300.43 | $274.04 | -8.78% |
| Oct 28, 2024 | $252.77 | $284.45 | +12.53% |
| Jul 22, 2024 | $287.08 | $282.99 | -1.42% |
| Apr 22, 2024 | $285.02 | $281.76 | -1.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cadence Design Systems (CDNS) report earnings?
Cadence Design Systems (CDNS) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Cadence Design Systems (CDNS) earnings time?
Cadence Design Systems (CDNS) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDNS EPS forecast?
CDNS EPS forecast for the fiscal quarter 2025 (Q1) is 1.49.
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