Craft
Cadence

Cadence

Remaining Performance Obligations

$5.5 B

Q3, 2022

Revenue

$3 B

FY, 2021

Market Capitalization

$51.3 B

2023-01-27

Cadence Summary

Company summary

Overview
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
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

$5.5B
48.6%

Q3, 2022

Facility Space Owned, sq. ft.

1M

FY, 2021

LocationsView all

56 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 Network Dr 2nd Floor

  • Cary, NC

    United States

    11000 Regency Pkwy #401

  • Columbia, MD

    United States

    6210 Old Dobbin Ln #100

and 50 others

Cadence Financials

Summary financials

Revenue (Q3, 2022)
$902.6M
Gross profit (Q3, 2022)
$840.2M
Net income (Q3, 2022)
$186.3M
Cash (Q3, 2022)
$1.0B
EBIT (Q3, 2022)
$260.8M
Enterprise value
$51.1B

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