Cadence Design Systems (CDNS) is trading down at $319.87 (-1.84%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
One firm's current price target on Cadence Design Systems: $425 — 33% above the current $320. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Jan 2021 | FY2021Jan 2022 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.82B | $1.94B | $2.14B | $2.34B | $2.68B | $2.99B | $3.56B | $4.09B | $4.64B | $5.30B |
| Growth (year over year) | +6.7% | +7.0% | +10.0% | +9.3% | +14.8% | +11.4% | +19.2% | +14.8% | +13.5% | +14.1% |
| Operating income | $244.9M | $324.0M | $396.2M | $491.8M | $645.6M | $779.1M | $1.07B | $1.25B | $1.35B | $1.49B |
| Operating margin | 13.5% | 16.7% | 18.5% | 21.1% | 24.1% | 26.1% | 30.1% | 30.6% | 29.1% | 28.2% |
| Net income | $203.1M | $204.1M | $345.8M | $989.0M | $590.6M | $696.0M | $849.0M | $1.04B | $1.06B | $1.11B |
| Net margin | 11.2% | 10.5% | 16.2% | 42.3% | 22.0% | 23.3% | 23.8% | 25.5% | 22.7% | 20.9% |
| EPS (diluted) | $0.70 | $0.73 | $1.23 | $3.53 | $2.11 | $2.50 | $3.09 | $3.82 | $3.85 | $4.06 |
| Balance sheet | ||||||||||
| Cash and equivalents | $465.2M | $688.1M | $533.3M | $705.2M | $928.4M | $1.09B | $882.3M | $1.01B | $2.64B | $3.00B |
| Total assets | $2.10B | $2.42B | $2.47B | $3.36B | $3.95B | $4.39B | $5.14B | $5.67B | $8.97B | $10.2B |
| Total liabilities | $1.36B | $1.43B | $1.18B | $1.25B | $1.46B | $1.65B | $2.39B | $2.27B | $4.30B | $4.68B |
| Shareholders' equity | $741.8M | $989.2M | $1.29B | $2.10B | $2.49B | $2.74B | $2.75B | $3.40B | $4.67B | $5.47B |
| Cash flow | ||||||||||
| Operating cash flow | $444.9M | $470.7M | $604.8M | $729.6M | $904.9M | $1.10B | $1.24B | $1.35B | $1.26B | $1.73B |
| Capital expenditure | $53.7M | $57.9M | $61.5M | $74.6M | $94.8M | $65.3M | $123.2M | $102.3M | $142.5M | $141.9M |
| Free cash flow | $391.2M | $412.8M | $543.2M | $655.0M | $810.1M | $1.04B | $1.12B | $1.25B | $1.12B | $1.59B |
| Share buybacks | $960.3M | $100.0M | $250.1M | $306.1M | $380.1M | $612.3M | $1.05B | $700.1M | $550.0M | $925.0M |
| Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.06B | $1.22B | $1.36B | $1.24B | $1.28B | $1.34B | $1.44B | $1.47B |
| Growth (year over year) | +8.6% | +18.8% | +26.9% | +23.1% | +20.2% | +10.1% | +6.2% | +18.7% |
| Operating income | $293.9M | $350.1M | $456.9M | $361.5M | $241.8M | $425.4M | $463.3M | $431.3M |
| Operating margin | 27.7% | 28.8% | 33.7% | 29.1% | 19.0% | 31.8% | 32.2% | 29.3% |
| Net income | $229.5M | $238.1M | $340.2M | $273.6M | $160.1M | $287.1M | $388.1M | $335.7M |
| Net margin | 21.6% | 19.6% | 25.1% | 22.0% | 12.5% | 21.4% | 27.0% | 22.8% |
| EPS (diluted) | $0.84 | $0.87 | $1.23 | $1.00 | $0.59 | $1.05 | $1.42 | $1.23 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.06B | $2.79B | $2.64B | $2.78B | $2.82B | $2.75B | $3.00B | $1.41B |
| Total assets | $7.23B | $9.17B | $8.97B | $9.01B | $9.51B | $9.60B | $10.2B | $12.1B |
| Total liabilities | $2.96B | $4.60B | $4.30B | $4.24B | $4.50B | $4.40B | $4.68B | $5.54B |
| Shareholders' equity | $4.26B | $4.56B | $4.67B | $4.78B | $5.01B | $5.20B | $5.47B | $6.56B |
| Cash flow | ||||||||
| Operating cash flow | $156.0M | $410.0M | $441.4M | $487.0M | $377.6M | $310.7M | $553.5M | $355.8M |
| Capital expenditure | $29.2M | $26.5M | $37.2M | $23.1M | $44.1M | $33.7M | $41.0M | $48.8M |
| Free cash flow | $126.8M | $383.5M | $404.2M | $464.0M | $333.5M | $277.0M | $512.5M | $307.0M |
| Share buybacks | $125.0M | $150.0M | $150.0M | $350.0M | $175.0M | $200.0M | $200.0M | $200.0M |
From Cadence Design Systems's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Cadence Design Systems's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Cadence Design Systems | Information Technology (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +14.1% | +13.7% | +7.0% |
| Net margin, latest fiscal year | 20.9% | 16.5% | 12.9% |
| Share price change, 1 year | −3.0% | +14.8% | +7.5% |
Cadence Design Systems: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Cadence Design Systems included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, 1-year price change 67/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.
Cadence Design Systems, Inc. is an American multinational technology and computational software company headquartered in San Jose, California. Initially specialized in electronic design automation (EDA) software for the semiconductor industry, the company currently makes software and hardware for designing products such as integrated circuits, systems on chips (SoCs), printed circuit boards, as well as develops large-scale molecular modelling applications and toolkits for pharmaceutical drug developers. The company also licenses intellectual property for the electronics, aerospace, defense and automotive industries.
Source: Wikipedia — Cadence Design Systems
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