Cadence Design Systems, Inc.

CDNS

US1273871087

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-17 pm EDT			5-day change	1st Jan Change
274.79 ^USD	+0.61%		+7.40%	+0.89%

Sep. 12	Samsung senior adviser Young Sohn to rejoin Arm's board	RE
Aug. 22	Intel Board Member Lip-Bu Tan Leaves After 2-Year Stint	MT

Cadence Design Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

July 22, 2024 at 04:02 pm EDT

Cadence Design Systems, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 1,060.68 million compared to USD 976.58 million a year ago. Net income was USD 229.52 million compared to USD 221.12 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 0.81 a year ago.
For the six months, revenue was USD 2,069.78 million compared to USD 1,998.27 million a year ago. Net income was USD 477.16 million compared to USD 462.92 million a year ago. Basic earnings per share from continuing operations was USD 1.77 compared to USD 1.72 a year ago. Diluted earnings per share from continuing operations was USD 1.74 compared to USD 1.7 a year ago.

Latest news about Cadence Design Systems, Inc.

Samsung senior adviser Young Sohn to rejoin Arm's board	Sep. 12	RE
Intel Board Member Lip-Bu Tan Leaves After 2-Year Stint	Aug. 22	MT
Cadence Design Systems Lands $1.25 Billion Revolving Credit Facility	Aug. 15	MT
Sector Update: Tech Stocks Gain Late Afternoon	Aug. 06	MT
Cadence Design Systems Shares Rises After Piper Sandler Upgrade	Aug. 06	MT
Market's Manic Monday morphs into Turnaround Tuesday	Aug. 06
Piper Sandler Upgrades Cadence Design Systems to Overweight From Neutral, Price Target is $318	Aug. 06	MT
Analyst recommendations: Amazon, Tesla, AMD, Kellanova, Nvidia...	Aug. 06
Global markets live: Bayer, CrowdStrike, Tesla, UPS, Alphabet, Tesla...	Jul. 23
Griffin Securities Adjusts Price Target on Cadence Design Systems to $320 From $310	Jul. 23	MT
Tech's Judgment Day	Jul. 23
Baird Adjusts Price Target on Cadence Design Systems to $338 From $341, Maintains Outperform Rating	Jul. 23	MT
Stocks Mostly Down Pre-Bell Ahead of Key Earnings; Asia Churns, Europe Strong	Jul. 23	MT
Tranche Update on Cadence Design Systems, Inc.'s Equity Buyback Plan announced on February 1, 2017.	Jul. 23	CI
Chip design software firm Cadence forecasts third-quarter results below estimates	Jul. 22	RE
Transcript : Cadence Design Systems, Inc., Q2 2024 Earnings Call, Jul 22, 2024	Jul. 22
Cadence Design Systems Second-Quarter Results Top Views Amid AI Boom	Jul. 22	MT
Cadence Design Systems Q2 Non-GAAP Earnings, Revenue Rise; 2024 Outlook Updated	Jul. 22	MT
Cadence Design Systems Guides For FY 2024 Revenue of $4.6-$4.66 Billion, vs CIQ Analyst Consensus of $4.6 Billion	Jul. 22	MT
Cadence Design Systems Guides For Q3 EPS of $1.39-$1.49 on Revenue of $1.165-$1.195 Billion, vs CIQ Analyst Consensus of $1.60/Share on Revenue of $1.97 Billion	Jul. 22	MT
(CDNS) CADENCE DESIGN SYSTEMS Forecasts Fiscal Year 2024 EPS Range $5.77 - $5.97	Jul. 22	MT
Earnings Flash (CDNS) CADENCE DESIGN SYSTEMS Posts Q2 Revenue $1.06B, vs. Street Est of $1.04B	Jul. 22	MT
Earnings Flash (CDNS) CADENCE DESIGN SYSTEMS Posts Q2 EPS $1.28, vs. Street Est of $1.23	Jul. 22	MT
US Equities End Higher Monday as Markets Await Corporate Earnings	Jul. 22	MT
Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024	Jul. 22	CI

Chart Cadence Design Systems, Inc.

Duration

Period

More charts

Company Profile

Cadence Design Systems, Inc. is No. 1 worldwide in developing and marketing design software for integrated circuits and electronic systems. Net sales break down by activity as follows: - sale of licenses (93.8%): design software, integrated circuit verification, simulation, and performance control systems, etc. In addition, the group offers maintenance services; - services (6.2%): consulting, training, system design and development, technical assistance, etc. Net sales are distributed geographically as follows: the United States (41.4%), Americas (1.6%), China (16.6%), Japan (5.6%), Asia (18.8%) and Europe/Middle East/Africa (16 %).

Employees

11,200

Sector

Software

Calendar

2024-10-20 - Q3 2024 Earnings Release (Projected)

More about the company