Cadence Design Systems Inc (CDNS) stock

Cadence Design Systems Inc grew revenue 17.6% to $6.13B over the twelve months to Sep 30, 2026. Operating income rose 19.4% to $1.77B, moving the operating margin from 28.5% to 28.9%. Free cash flow was $1.76B, up 19.3% from a year earlier. At the latest close the market valued the company at $90.34B, 65.5 times its earnings.

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Cadence provides computational software, hardware acceleration platforms, and silicon intellectual property used to design, verify, and simulate electronic systems and semiconductor devices. Its portfolio is structured into three primary product categories: Core Electronic Design Automation, Semiconductor IP, and System Design and Analysis. Core offerings include custom integrated circuit design, digital implementation, functional verification, and emulation hardware, alongside building-block interface IP and digital signal processor architectures. The company also offers multiphysics analysis tools covering thermal, electromagnetic, fluid dynamics, and packaging simulations, as well as engineering design services. Its solutions primarily serve semiconductor manufacturers, electronic systems developers, and hyperscalers across consumer electronics, automotive, computing, communications, industrial, and life sciences markets.