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.
TypePublic
Founded1988
HQSan Jose, CA, US
Websitecadence.com
Employee Ratings4.4
Overall CultureC+

Latest Updates

Employees (est.) (Jan 2022)9,300(+6%)
Job Openings994
Revenue (FY, 2021)$3 B(+12%)
Share Price (May 2022)$142.4(+5%)
Cybersecurity ratingCMore
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Key People/Management at Cadence

Anirudh Devgan

Anirudh Devgan

President and Chief Executive Officer
John Wall

John Wall

Senior Vice President and Chief Financial Officer
Alinka Flaminia

Alinka Flaminia

Senior Vice President, Chief Legal Officer, and Corporate Secretary
Neil Zaman

Neil Zaman

Senior Vice President and Chief Revenue Officer
Tom Beckley

Tom Beckley

Senior Vice President and General Manager, Custom IC and PCB Group
Paul Cunningham

Paul Cunningham

Senior Vice President and General Manager, System Verification Group
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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
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Cadence Financials and Metrics

Cadence Revenue

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View revenue for all periods
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
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

2.1b2.3b2.7b3.0b

Revenue growth, %

10%9%

Cost of goods sold

258.7m266.4m305.5m307.0m

Gross profit

1.9b2.1b2.4b2.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

576.7m580.4m579.6m618.0m638.4m666.6m736.0m728.3m750.9m

Cost of goods sold

70.6m61.5m61.0m74.5m75.2m82.3m84.0m76.8m76.6m

Gross profit

506.2m519.0m518.6m543.5m563.2m584.3m652.1m651.5m674.3m

Gross profit Margin, %

88%89%89%88%88%88%89%89%90%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

705.2m928.4m1.1b

Accounts Receivable

304.5m338.5m337.6m

Prepaid Expenses

103.8m135.7m173.5m

Inventories

55.8m76.0m115.7m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

989.0m590.6m696.0m

Depreciation and Amortization

123.8m146.7m142.3m

Inventories

(33.0m)(25.7m)(39.0m)

Accounts Payable

33.9m18.4m67.4m
Quarterly
USDFY, 2018

Revenue/Employee

285.1k
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Cadence Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021

Remaining Performance Obligations

$2.9 b$2.8 b$2.8 b$3 b$3.6 b$3.7 b$3.7 b$3.8 b$3.9 b$3.6 b$3.9 b

Facility Space Owned, sq. ft.

1.01 m1.01 m1.01 m
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Cadence Acquisitions / Subsidiaries

Company NameDateDeal Size
PointwiseApril 15, 2021
NUMECAFebruary 24, 2021
InspectARAugust 13, 2020
Integrand SoftwareFebruary 06, 2020
AWR CorporationJanuary 15, 2020$160 m
nusemiNovember 01, 2017
RocketickApril 28, 2016$40 m
Solomon Design Automation (SDA)October 21, 2014
Jasper Design AutomationJune 16, 2014$170 m
Forte Design SystemsFebruary 18, 2014
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Cadence Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Cadence Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Cadence Online and Social Media Presence

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Cadence Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    B+

    74/100

  • Compensation

    C+

    66/100

  • Diversity

    B

    70/100

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Cadence News and Updates

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…

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…

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…

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…

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.

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.
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Cadence Blogs

Celsius Thermal Solver

Industry's first complete electrical-thermal co-simulation solution for system analysis

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

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

Tensilica Vision Q7 DSP

Doubles vision and AI performance for automotive, AR/VR, mobile and surveillance markets

JasperGold Formal Verification Platform

Third-generation formal verification platform featuring machine learning technology and core formal technology enhancements

Clarity 3D Solver

Delivers gold-standard accuracy with up to 10X faster simulation performance and unbounded capacity compared to legacy field solver technology
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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.