Craft

Cadence

Stock Price

$318.5

2024-06-20

Market Capitalization

$86.8 B

2024-06-20

Revenue

$4.1 B

FY, 2023

Cadence Summary

Company Summary

Overview
Cadence Design Systems is a provider of electronic computational software systems design. It offers digital design and signoff solutions, custom integrated circuit (IC) package design and analysis, verification, multiphysics system analysis, embedded software, printed circuit board (PCB) design, computational fluid dynamics, molecular simulation, machine learning, cloud solutions, and other products and services that are applicable for cellular network systems and subsystems. The company caters to the aerospace, defense, automotive, and hyper-scale computing industries.
Type
Public
Status
Active
Founded
1988
HQ
San Jose, CA, US | view all locations
Website
https://www.cadence.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Anirudh Devgan

    Anirudh Devgan, President and Chief Executive Officer, Board Member

  • John Wall

    John Wall, Senior Vice President and Chief Financial Officer

  • Neil Zaman

    Neil Zaman, Senior Vice President and Chief Revenue Officer

  • Tom Beckley

    Tom Beckley, Senior Vice President and General Manager, Custom IC & PCB Group

Operating MetricsView all

Remaining Performance Obligations

$5.4B
1.8%

Q3, 2023

Facility Space Owned, sq. ft.

1.2M
21.5%

FY, 2022

LocationsView all

57 locations detected

  • San Jose, CA HQ

    United States

    Building 8, 2655 Seely Ave

  • Austin, TX

    United States

    12301 Research Blvd Building V - Suite 200

  • Boston, MA

    United States

    225 Friend St #201

  • Burlington, MA

    United States

    55 Blue Sky Drive 2nd Floor

  • Cary, NC

    United States

    11000 Regency Pkwy #401

  • Columbia, MD

    United States

    6210 Old Dobbin Ln #100

and 51 others

Cadence Financials

Summary Financials

Revenue (Q1, 2024)
$1.0B
Net income (Q1, 2024)
$247.6M
Cash (Q1, 2024)
$1.0B
EBIT (Q1, 2024)
$250.0M
Enterprise value
$86.1B

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