CADENCE DESIGN SYSTEMS INC CDNS 69.2
Technology · NASDAQ · Data as of 2026-10-28
CADENCE DESIGN SYSTEMS INC (CDNS) has delivered +13.1% annualized revenue growth, +21.4% earnings growth, and n/a dividend growth over 10 years of data. Ranked #288 of 1968 stocks overall and #36 of 362 in the Technology sector by Steady Score.
About CADENCE DESIGN SYSTEMS INC
Company Overview
Cadence Design Systems develops software and computing systems used to design electronic chips and complex products. Semiconductor companies and systems manufacturers use its tools for integrated-circuit layout, verification, simulation, packaging and analysis. Cadence also provides hardware emulation and computational software for fields such as fluid dynamics and molecular modeling, helping engineers test designs before costly physical production.
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Business Model & Revenue
Cadence earns most revenue through time-based software licenses, subscriptions and maintenance, supplemented by emulation hardware and services. Multi-year contracts create recurring revenue and backlog, while customers expand usage as design complexity grows. Research spending is substantial because tools must support new manufacturing nodes and architectures. Semiconductor research budgets, product cycles, renewals and hardware deliveries drive results.
Key Facts & Market Position
Electronic design automation sits early in the chip-development process and must work closely with foundry technologies and industry standards. Customers depend on accurate tools because design errors can make expensive fabrication runs unusable. Cadence's portfolio spans individual chips, packages and complete systems, while competition is concentrated among a few specialized vendors.