Cadence Design Systems, Inc. (CDNS) Stock Price & Analysis

Cadence Design Systems, Inc. (CDNS) closed at USD 309.65 on Thursday, October 22, 2026, down 5.04% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 309.65; the Oct 22, 2026 session ranged USD 306.39–319.47 on volume of 2,892,233 shares. Market capitalization is —, with a 52-week range of USD 262.75–416.69 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.

Also available as compact Markdown for AI agents: nexqual.com/CDNS.md

Key facts (CDNS)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CDNS)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$2.99B$3.56B$4.09B$4.64B$5.30B$5.84B
Operating income$779M$1.07B$1.25B$1.35B$1.49B$1.77B
Net income$696M$849M$1.04B$1.06B$1.11B$1.38B
EPS (diluted)$2.50$3.09$3.82$3.85$4.06—
Free cash flow$1.04B$1.12B$1.25B$1.12B$1.59B$1.68B
Operating margin26.1%30.1%30.6%29.1%28.2%30.3%
Net margin23.3%23.8%25.5%22.7%20.9%23.6%
Revenue growth+11.4%+19.2%+14.8%+13.5%+14.1%—
Cash + short-term investments$1.09B$887M$1.14B$2.78B$3.16B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (CDNS)

P/E 61.9x · P/S 14.6x · P/FCF 50.8x · P/B 12.4x · FCF yield 1.97% · Earnings yield 1.62% · Buyback yield (TTM) 0.94%

P/E at fiscal year-ends: Dec 2025 77.0x, Dec 2024 78.0x, Dec 2023 71.4x.

Superinvestors (SEC 13F-HR, Q2 2026) (CDNS)

2 of 80 tracked investors hold CDNS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Jensen Investment Management2.81%$116MReduced -39.0%
Dodge & Cox FundsDodge & Cox0.04%$85.6MReduced -1.3%

Insider sales (SEC Form 4, open-market, last ~7 months) (CDNS)

23 of 23 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-15Cunningham PaulSr. Vice President2,000$648K1.6%YesRoutine (sold in Jan & Feb & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-10-01Sangiovanni Vincentelli AlbertoDirector1,250$438K3.1%YesToo little history (no open-market trades in 2025)
2026-09-15Cunningham PaulSr. Vice President2,000$554K1.6%YesRoutine (sold in Jan & Feb & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-09-10Brennan Ita MDirector180$51K2.2%YesToo little history (no open-market trades in 2023 or 2024)
2026-08-26Scannell PaulSr. Vice President280$95K0.9%YesToo little history (no open-market trades in 2023)
2026-08-25Sangiovanni Vincentelli AlbertoDirector1,250$401K3%YesToo little history (no open-market trades in 2025)
2026-08-21Teng Chin-ChiSr. Vice President4,732$1.5M3.3%YesRoutine (sold in Jun each year 2023–2025; this trade is outside those months)
2026-08-17Cunningham PaulSr. Vice President2,000$647K1.6%YesRoutine (sold in Jan & Feb & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-07-22Teng Chin-ChiSr. Vice President4,500$1.5M3.1%YesRoutine (sold in Jun each year 2023–2025; this trade is outside those months)
2026-07-15Cunningham PaulSr. Vice President2,000$767K1.6%YesRoutine (sold in Jan & Feb & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-06-22Teng Chin-ChiSr. Vice President4,500$1.7M3%YesRoutine (sold in Jun each year 2023–2025)
2026-06-15Cunningham PaulSr. Vice President2,000$782K1.6%YesRoutine (sold in Jan & Feb & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-06-11Plummer James DDirector1,511$576K5.4%YesOpportunistic (traded every year 2023–2025, no repeating month)
2026-06-10Brennan Ita MDirector180$70K2.2%YesToo little history (no open-market trades in 2023 or 2024)
2026-06-01…2026-06-02Devgan AnirudhPresident and CEO76,827$30.8M23.3%YesOpportunistic (traded every year 2023–2025, no repeating month)
2026-06-01Scannell PaulSr. Vice President7,081$2.8M18%YesToo little history (no open-market trades in 2023)
2026-05-22Teng Chin-ChiSr. Vice President4,500$1.7M2.9%YesRoutine (sold in Jun each year 2023–2025; this trade is outside those months)
2026-05-22Devgan AnirudhPresident and CEO51,887$19.2M14.6%YesOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-18Scannell PaulSr. Vice President1,071$370K3.2%YesToo little history (no open-market trades in 2023)
2026-05-05Wall John MSr. VP & CFO5,000$1.7M5.8%YesRoutine (sold in Dec each year 2023–2025; this trade is outside those months)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (CDNS)

Consensus Buy (mean 1.88 on a 1–5 scale), 25 analysts; mean target USD 406.24 (low 300, high 470).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-07-28B of A SecuritiesTarget raisedBuy$400 → $420
2026-07-28RosenblattTarget raisedBuy$410 → $420
2026-07-28CitigroupTarget raisedBuy$400 → $420
2026-07-28BairdTarget raisedOutperform$415 → $420
2026-07-28NeedhamReiteratedBuy$400
2026-07-28Piper SandlerTarget raisedNeutral$325 → $349
2026-07-16BenchmarkInitiatedBuy$450
2026-07-14RosenblattTarget raisedBuy$375 → $410

Total return (dividends reinvested) (CDNS)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return-8.2%+85.7%
S&P 500 (SPY)+14.9%+80.3%
Per year-8.2%+13.1%
Volatility (annualized)40.9%36.1%
Max drawdown-34.2% (Jun 2026→Sep 2026)-28.8% (Sep 2025→Apr 2026)

CDNS revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Product and maintenance$1.43B90.3%+22.2%
Service$153.8M9.7%+46.6%
Total revenue$1.58B100%—

CDNS revenue by region (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Americas$678.4M42.8%+7.6%
— United States (part of Americas)$656.1M41.4%+11.0%
— Other America (part of Americas)$22.3M1.4%-42.9%
Asia$662.7M41.8%+48.9%
— Other Asia (part of Asia)$321.8M20.3%+35.1%
— China (part of Asia)$236.2M14.9%+95.7%
— JAPAN (part of Asia)$104.7M6.6%+21.8%
EMEA$243.3M15.4%+21.5%
Total revenue$1.58B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

CDNS suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerZuken“We also use a third-party distributor to license our products and services to certain customers in Japan.”
CompetitorSynopsys (SNPS)“Key competitors include Synopsys, Inc., Ansys, Inc. (acquired by Synopsys), Siemens EDA, and a variety of other tool providers, electronics device manufacturers with in-house EDA capabilities, technical and computational software companies, electronics design and consulting firms, and IP companies.”
CompetitorSiemens“Key competitors include Synopsys, Inc., Ansys, Inc. (acquired by Synopsys), Siemens EDA, and a variety of other tool providers, electronics device manufacturers with in-house EDA capabilities, technical and computational software companies, electronics design and consulting firms, and IP companies.”

Quoted from the company's 10-K filed Feb 19, 2026.

Companies that name CDNS in their SEC reports

Relationship to CDNSCompanyFilingSentence
supplierGSI TECHNOLOGY INC (GSIT)10-K Jun 5, 2026“We maintain long-term relationships with leading original equipment manufacturer ("OEM") customers, including KYEC, Cadence Design Systems, and Nokia.”
partnerARM HOLDINGS PLC /UK (ARM)20-F May 26, 2026“Definitive Agreement with Cadence Design Systems, Inc.”
partnerTOWER SEMICONDUCTOR LTD (TSEM)20-F Apr 30, 2026“we collaborate with leading design automation providers - including Cadence Design Systems, Synopsys, Siemens EDA, and Keysight Technologies”
partnerUNITED MICROELECTRONICS CORP (UMC)20-F Apr 30, 2026“We and Cadence Design Systems collaborate on certification of analog/mixed-signal flow for 28HPC+ process.”
partnerStarfighters Space, Inc. (FJET)10-K Apr 15, 2026“The Company's involvement in the Hypersonic and High-Cadence Airborne Testing Capabilities ("HyCAT") initiative, in partnership with Innoveering LLC and under the auspices of the Defense Innovation Unit of the U.S. Department of Defense, showcases the Company's capability and readiness to meet these demands.”
partnerSWK Holdings Corp (SWKHL)10-K Mar 20, 2026“Our prior credit agreement with Cadence Bank was terminated in connection with the establishment of the new Credit Agreement.”
partnerSilvaco Group, Inc. (SVCO)10-K Mar 12, 2026“On March 4, 2025, we consummated an asset purchase agreement with Cadence Design Systems, Inc. ("Cadence"), pursuant to which, among other things, we agreed to acquire certain assets and assume certain liabilities comprising Cadence's Process Proximity Compensation product line, an optical proximity correction suite of tools (the "OPC Business"), in exchange for $11.5 million in cash.”
partnerAmbiq Micro, Inc. (AMBQ)10-K Mar 5, 2026“We have entered into development, product collaboration and technology licensing arrangements with third parties, such as ARM Limited and Cadence Design Systems, Inc., and we expect to enter into new arrangements of these kinds from time to time in the future.”
partnerStabilis Solutions, Inc. (SLNG)10-K Mar 5, 2026“Further, we are required to obtain prior approval for payment of dividends from our lenders as part of our financial covenants with both our secured term loan with AmeriState Bank and our revolving credit agreement with Cadence Bank.”
supplierEVERSPIN TECHNOLOGIES INC. (MRAM)10-K Mar 4, 2026“We have established relationships with several storage controller and FPGA companies, including Phison Electronics, Sage Micro, and Xilinx as well as IP core companies, including Cadence and Northwest Logic, to facilitate the integration of our MRAM solutions into our customers' end products.”
partnerPerella Weinberg Partners (PWP)10-K Feb 27, 2026“The Company has a revolving credit facility (the "Revolving Credit Facility") through a credit agreement with Cadence Bank (the "Credit Agreement"), with an available line of credit of $50.0 million and with up to $20.0 million of available incremental revolving commitments.”
partnerXperi Inc. (XPER)10-K Feb 26, 2026“We have devoted significant time and resources to develop a broad range of solutions with key partners including Amlogic, Analog Devices, Cadence, Cirrus Logic, MediaTek, NXP, Qualcomm, Realtek, Synaptics, Texas Instruments, and others.”
competitorSchrodinger, Inc. (SDGR)10-K Feb 25, 2026“These competitors include BIOVIA, a brand of Dassault Systèmes SE, or BIOVIA, Chemical Computing Group (US) Inc., Cresset Biomolecular Discovery Limited, Cadence Design Systems, Inc., Optibrium Limited, Cyrus Biotechnology, Inc., Molsoft LLC, Insilico Medicine, Inc., Iktos, XtalPi Inc., AbCellera, Inductive Bio, Inc., Chemaxon, Revvity, Inc., and Simulations Plus, Inc.”
competitorHENRY SCHEIN INC (HSIC)10-K Feb 24, 2026“against several large competitors, including Cadence Group, Proclinic Group, DD”
supplierBOYD GAMING CORP (BYD)10-K Feb 20, 2026“The principal customers of this property are Henderson residents, including the rapidly growing adjacent community of Cadence.”

CDNS analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$2.05$1.95+5.2%$1.61B18
Next quarter (ends Dec 2026)$2.03$1.99+1.7%$1.65B18
Current fiscal year (ends Dec 2026)$4.81$4.50+7.0%$6.32B13
Next fiscal year (ends Dec 2027)$9.57$9.40+1.8%$7.18B25

CDNS options: expected move

Options price a move of about ±8.1% (±$25.00) by Oct 30, 2026, which includes earnings on Oct 26, 2026. Over the last 8 reports the stock moved ±5.4% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026768.3%±8.1%
Nov 6, 20261458.2%±9.4%
Nov 13, 20262153.1%±10.4%
Nov 20, 20262851.4%±11.6%
Nov 27, 20263549.3%±12.4%
Dec 4, 20264248.5%±13.3%
Dec 18, 20265646.9%±14.8%
Jan 15, 20278445.5%±17.5%

30-day implied volatility 50.6% vs 39.8% realized over the last 30 trading days. Put/call ratio (volume) 0.84. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 09:48 UTC)

PriceUSD 309.65
Change▼ 5.04% (down)
Previous CloseUSD 309.65
OpenUSD 309.65
Day RangeUSD 306.39 – 319.47
52-Week RangeUSD 262.75 – 416.69
Volume2,892,233 shares
Market Cap—
ExchangeNMS

Technical Analysis (CDNS)

Nexqual's technical model rates CDNS "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.

Overall SignalSELL
RSI (14)41.97 (neutral)
vs SMA50Below (USD 318.98)
MACD0.29 (positive)

Analyst Ratings (CDNS)

Wall Street analysts rate CDNS "Buy" based on 25 analysts, with a mean price target of USD 406.24 (range USD 300–470), per Nexqual as of October 23, 2026 at 09:48 UTC.

Consensus RatingBuy
Analyst Count25
Mean TargetUSD 406.24
High TargetUSD 470
Low TargetUSD 300
Buy / Hold / Sell23 / 2 / 0

Earnings (CDNS)

Next Earnings Date2026-10-26
EPS EstimateUSD 2.05
Revenue Estimate$1.61B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 2.11 vs est 2.06 ▲ beat
2026-03-31USD 1.96 vs est 1.89 ▲ beat
2025-12-31USD 1.99 vs est 1.91 ▲ beat
2025-09-30USD 1.93 vs est 1.79 ▲ beat

Source: Nexqual, October 23, 2026 at 09:48 UTC.

Financials & Fundamentals (CDNS)

Total Revenue$5.84B
Revenue Growth (latest quarter, YoY)+24.20%
Gross Margin+85.87%
Operating Margin+28.57%
Profit Margin+23.61%
ROE+23.23%
Debt / Equity0.39
Current Ratio1.74
Total Cash$1.53B
Total Debt$2.65B
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$1.68B (28.8% of revenue)

Source: Nexqual, October 23, 2026 at 09:48 UTC.

Financial Health Score (CDNS)

Nexqual rates Cadence Design Systems, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:48 UTC.

GrowthSolid — Revenue +14% YoY (annual)
ProfitabilityStrong — Gross margin 86%, operating 29% (last 12 months)
Balance SheetSolid — $1.53B cash vs $2.65B debt
Cash FlowStrong — FCF $1.68B (last 4 quarters to Jun 2026, SEC), 29% margin
EfficiencyStrong — ROE 23%, ROA 10.6%

Ownership (CDNS)

Insider Ownership+0.32%
Institutional Ownership+91.72%
Shares Outstanding275.82M
Float274.17M
Short % of Float+2.15%

Source: Nexqual, October 23, 2026 at 09:48 UTC.

Leadership (CDNS)

Cadence Design Systems, Inc. is led by Anirudh Devgan, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:48 UTC.

CEO, President & DirectorAnirudh Devgan
Senior VP & CFOJohn M. Wall
Senior Vice President of Global Customer Success TeamPaul Scannell
Vice President of Investor RelationsRichard Gu

Major Backers & Investors (CDNS)

Notable institutional backers of Cadence Design Systems, Inc. include FMR, LLC, Invesco, JPMorgan, according to Nexqual as of October 23, 2026 at 09:48 UTC.

Active Investors

InvestorStake
FMR, LLC3.47%
Invesco3.26%
JPMorgan2.86%
Van Eck Associates Corporation1.78%
Capital International Investors1.77%
VanEck ETF Trust-VanEck Semiconductor ETF1.57%

Index Funds (Passive)

FundStake
BlackRock9.68%
Vanguard Group9.07%
State Street4.73%
Geode Capital2.61%

Source: Nexqual, October 23, 2026 at 09:48 UTC.

From Cadence Design Systems, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt