OverviewSuggest Edit
Cadence Design Systems is an electronic design company providing hardware, software, and IP. It offers products and technologies in the areas of custom integrated circuit (IC) and simulation, digital design and signoff, functional verification, IP, as well as system interconnect and analysis. The company serves the 5G communications, aerospace and defense, automotive, AI and machine learning, and health industries.
| Type | Public | |
| Founded | 1988 | |
| HQ | San Jose, CA, US | Map |
| Website | cadence.com | |
| Employee Ratings | More | |
| Overall Culture | C+ | More |
Recent NewsAll News
- Qorvo Selects Cadence Design Systems for US Government SHIP-RF Program
- Cadence Joins Intel Foundry Services Ecosystem Alliance To Advance Chip Design Innovation
- Cadence Appoints Mary Louise Krakauer To Board Of Directors
- Cadence Announces Full Dram Verification Solution For Automotive, Data Center, And Mobile Applications
Key People/Management at Cadence
Anirudh Devgan
President and Chief Executive Officer
John Wall
Senior Vice President and Chief Financial Officer
Alinka Flaminia
Senior Vice President, Chief Legal Officer, and Corporate Secretary
Neil Zaman
Senior Vice President and Chief Revenue Officer
Tom Beckley
Senior Vice President and General Manager, Custom IC and PCB Group
Paul Cunningham
Senior Vice President and General Manager, System Verification Group
Cadence Office Locations
Cadence has offices in San Jose, Austin, Burlington, Cary and in 47 other locations
San Jose, CA, US (HQ)
Building 8, 2655 Seely Ave
Austin, TX, US
12301 Research Blvd Building V - Suite 200
Burlington, MA, US
55 Network Dr 2nd Floor
Cary, NC, US
200 Regency Forest Dr #260
Columbia, MD, US
6210 Old Dobbin Ln #100
Endicott, NY, US
1701 North St Building 257-1
Cadence Financials and Metrics
Cadence Revenue
Cadence's revenue was reported to be $2.99 b in FY, 2021
| USD | |
|---|---|
Revenue (FY, 2021) | 3.0b |
Gross profit (FY, 2021) | 2.7b |
Gross profit margin (FY, 2021), % | 89.7% |
Net income (FY, 2021) | 696.0m |
EBIT (FY, 2021) | 779.1m |
Market capitalization (13-May-2022) | 39.5b |
Closing stock price (13-May-2022) | 142.4 |
Cash (1-Jan-2022) | 1.1b |
EV | 38.7b |
Cadence's current market capitalization is $39.5 b.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 576.7m | 580.4m | 579.6m | 618.0m | 638.4m | 666.6m | 736.0m | 728.3m | 750.9m |
Cost of goods sold | 70.6m | 61.5m | 61.0m | 74.5m | 75.2m | 82.3m | 84.0m | 76.8m | 76.6m |
Gross profit | 506.2m | 519.0m | 518.6m | 543.5m | 563.2m | 584.3m | 652.1m | 651.5m | 674.3m |
Gross profit Margin, % | 88% | 89% | 89% | 88% | 88% | 88% | 89% | 89% | 90% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 538.9m | 633.4m | 655.2m | 946.3m | 1.2b | 1.3b | 743.0m | 847.2m | 1.0b |
Accounts Receivable | 264.8m | 237.6m | 274.9m | 284.1m | 312.8m | 300.4m | 388.7m | 390.0m | 327.2m |
Prepaid Expenses | 76.8m | 58.9m | 53.1m | 108.6m | 93.9m | 81.5m | 141.5m | 129.4m | 100.4m |
Inventories | 37.5m | 49.3m | 66.7m | 60.6m | 43.9m | 48.0m | 76.6m | 90.5m | 101.6m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 120.6m | 227.8m | 329.3m | 124.0m | 255.3m | 416.9m | 187.2m | 343.1m | 519.4m |
Depreciation and Amortization | 30.0m | 61.7m | 92.1m | 33.6m | 70.4m | 107.8m | 36.5m | 72.5m | 107.0m |
Inventories | (10.6m) | (25.7m) | (43.8m) | (5.3m) | 11.0m | 6.4m | (669.0k) | (14.5m) | (25.6m) |
Accounts Payable | (44.0m) | (34.7m) | (4.0m) | (84.8m) | (11.1m) | (30.5m) | (80.8m) | (14.8m) | 10.5m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 285.1k |
Cadence Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Pointwise | April 15, 2021 | |
| NUMECA | February 24, 2021 | |
| InspectAR | August 13, 2020 | |
| Integrand Software | February 06, 2020 | |
| AWR Corporation | January 15, 2020 | $160 m |
| nusemi | November 01, 2017 | |
| Rocketick | April 28, 2016 | $40 m |
| Solomon Design Automation (SDA) | October 21, 2014 | |
| Jasper Design Automation | June 16, 2014 | $170 m |
| Forte Design Systems | February 18, 2014 |
Cadence Revenue Breakdown
Cadence revenue breakdown by business segment: 94.5% from Product and Maintenance and 5.5% from Services
Cadence revenue breakdown by geographic segment: 42.5% from Americas , 6.7% from Japan, 17.5% from Europe, Middle East and Africa and 33.3% from Asia
Cadence Cybersecurity Score
Cadence Environment, Social & Governance (ESG) Ratings
Cadence Online and Social Media Presence
Cadence's Trends
Twitter Engagement Stats for @Cadence
11.6k
Tweets
130
Following
15.5k
Followers
75
Tweets last 30 days
2.5
Avg. likes per Tweet
88%
Tweets with engagement
Cadence Company Culture
Overall Culture
C+
67/100
CEO Rating
B+
74/100
Compensation
C+
66/100
Diversity
B
70/100
Cadence News and Updates
February 15, 2022
Qorvo Selects Cadence Design Systems for US Government SHIP-RF Program
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced participation in Qorvo’s State-of-the-Art Heterogeneous Integrated Packaging (SHIP-RF) Design Center. The SHIP-RF program is a Department of Defense (DoD)-sponsored initiative aimed at advancing leading-edge microelectronics design and manu…
February 07, 2022
Cadence Joins Intel Foundry Services Ecosystem Alliance To Advance Chip Design Innovation
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced it has joined the new Intel Foundry Services (IFS) Ecosystem Alliance to support mutual customers with the development and delivery of innovative system-on-chip (SoC) designs. As a member of the alliance, Cadence is advancing adoption of In…
January 31, 2022
Cadence Appoints Mary Louise Krakauer To Board Of Directors
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the appointment of Mary Louise (ML) Krakauer to its board of directors, effective January 31, 2022. Ms. Krakauer currently serves on the boards of Xilinx, Inc., Mercury Systems, Inc., DXC Technology and Proterra Inc. and previously held var…
January 20, 2022
Cadence Announces Full Dram Verification Solution For Automotive, Data Center, And Mobile Applications
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced a new DRAM verification solution, allowing customers to test and optimize system-on-chip (SoC) designs for data center, consumer, mobile and automotive applications. Using the full DRAM verification solution, which delivers up to 10X increa…
January 19, 2022
Cadence Design Systems aims to cash in on new custom-chip era
Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.
January 19, 2022
Cadence Palladium Z2 Enterprise Emulation Platform Accelerates Microchip’s Data Center Solutions Soc Development
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that Microchip has deployed the Cadence® Palladium® Z2 Enterprise Emulation Platform for the development of their next generation ASIC products targeting high performance and scalable SoC solutions for data centers.
Cadence Blogs
September 17, 2019
Celsius Thermal Solver
Industry's first complete electrical-thermal co-simulation solution for system analysis
June 14, 2019
Spectre X Simulator
A new massively parallel circuit simulator designed to provide up to 10X performance gains, while maintaining the golden accuracy customers have come to expect from 25 years of Spectre industry leadership
June 14, 2019
Protium X1 Enterprise Prototyping Platform
The first data center-optimized FPGA-based prototyping system providing multi-MHz speed for early software development, hardware/software regressions and full system validation
May 21, 2019
Tensilica Vision Q7 DSP
Doubles vision and AI performance for automotive, AR/VR, mobile and surveillance markets
May 07, 2019
JasperGold Formal Verification Platform
Third-generation formal verification platform featuring machine learning technology and core formal technology enhancements
April 24, 2019
Clarity 3D Solver
Delivers gold-standard accuracy with up to 10X faster simulation performance and unbounded capacity compared to legacy field solver technology
Cadence Frequently Asked Questions
When was Cadence founded?
Cadence was founded in 1988.
Who are Cadence key executives?
Cadence's key executives are Anirudh Devgan, John Wall and Alinka Flaminia.
How many employees does Cadence have?
Cadence has 9,300 employees.
What is Cadence revenue?
Latest Cadence annual revenue is $3 b.
What is Cadence revenue per employee?
Latest Cadence revenue per employee is $321.3 k.
Who are Cadence competitors?
Competitors of Cadence include Navitas Semiconductor, Rambus and Keysight Technologies.
Where is Cadence headquarters?
Cadence headquarters is located at Building 8, 2655 Seely Ave, San Jose.
Where are Cadence offices?
Cadence has offices in San Jose, Austin, Burlington, Cary and in 47 other locations.
How many offices does Cadence have?
Cadence has 51 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies