CDNS
NASDAQ
Technology
$375.77
USD
+$2.63 (+0.70%)
At close: Jul 6, 2026, 4:00 PM EDT
Market Cap:
$102.92B
Volume:
1.9M
Previous Close
$373.14
Day Range
$367.55 - $377.87
52 Week Range
$262.75 - $416.69
Average Volume (10 Days)
3M
P/E Ratio
92.81
Dividend Yield
0.00%
Cadence Design Systems, Inc. engages in the provision of design and development of integrated circuits and electronic devices. The company is headquartered in San Jose, California and currently employs 13,800 full-time employees. The firm applies its Intelligent System Design strategy to deliver software, hardware and intellectual property (IP) that turn design concepts into reality. Its product categories include Core Electronic Design Automation (EDA), Semiconductor IP, and System Design and Analysis (SD&A). Core EDA includes software, hardware, and services used to design and verify a wide variety of semiconductors. The semiconductor IP portfolio includes silicon subsystems, software, and services that are used in semiconductor design. The SD&A category provides solutions and services that enable the design and verification of complete electronic systems, from PCBs to complex system assemblies. Its semiconductors are used in various industries, including automotive, aerospace, biotech, hyperscale and cloud computing, data centers, telecommunications, medical technology, industrial Internet of things, and artificial intelligence (AI).
CEO
Dr. Anirudh Devgan
Headquaters
San Jose, CALIFORNIA, US
Founded
1988
Employees
13,800
Cadence announced the first fully autonomous chip design agent at Computex 2026, powered by Nvidia's AI models and security runtime. The Level-5 ChipStack AI Super Agent independently executes complex verification workflows, delivering over **40X faster** validation cycles that compress typical five-week processes to less than a day. Early customers including Nvidia, Altera, and Qualcomm reported up to **10X productivity gains** in design tasks.
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Cadence Design Systems reported Q1 2026 revenue of $1.47 billion (up 19% year-over-year) and raised full-year revenue guidance to approximately 17% growth. The company achieved a record backlog of $8 billion, reflecting strong customer confidence in its AI-driven electronic design automation portfolio. However, operating margin guidance was lowered due to integration costs from the Hexagon acquisition.
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