Added to YB: 2026-04-28
Pitch date: 2026-04-24
CDNS [neutral]
Cadence Design Systems, Inc.
+1.73%
current return
Author Info
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Company Info
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions.
Market Cap
$91.9B
Pitch Price
$330.82
Price Target
380.00 (+14%)
Dividend
N/A
EV/EBITDA
46.20
P/E
81.99
EV/Sales
17.26
Sector
Software
Category
growth
Earnings Edge for Monday: Setup for Cadence Design Systems
CDNS (earnings): Record $7.8B backlog (67% of $5.9-6.0B rev guide), ChipStack AI Super Agent driving 4-10x productivity gains, Samsung w/ 4x improvement. IP +25% YoY, core EDA +13%, System Design +13%. FY26 guide: $8.05-8.15 non-GAAP EPS (vs $5.45 prior), 44.75-45.75% op margin. Risks: 12-13% China rev exposure to export controls, Hexagon integration uncertainty, 40 insider sales/0 buys. Trading 35x fwd at ~$280 vs historical premium, compressed on sector weakness.
Read full article (2 min)