CDNS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $359.55
Market Cap (MRQ) $99.02B
P/E (TTM) 71.5
EPS (TTM) $5.03
Revenue (TTM) $5.84B
ROE (TTM) 23.2%
52W Range $263–$417

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04
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Stock splits 3
Ex-date Split Type
Nov. 17, 1997 2-for-1 Forward
June 3, 1996 3-for-2 Forward
Oct. 31, 1995 3-for-2 Forward

About Cadence Design Systems, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

Cadence Design Systems, Inc. (stylized as cādence) is an American multinational technology and computational software company headquartered in San Jose, California. Initially specialized in electronic design automation (EDA) software for the semiconductor industry, the company currently makes software and hardware for designing products such as integrated circuits, systems on chips (SoCs), printed circuit boards, as well as develops large-scale molecular modelling applications and toolkits for pharmaceutical drug developers. The company also licenses intellectual property for the electronics, aerospace, defense and automotive industries.

History

1983–1999

Founded in 1983 in San Jose, California, Cadence Design Systems began as an electronic design automation (EDA) company named Solomon Design Automation (SDA). SDA's cofounders included James Solomon, Richard Newton, Kenneth Keller, and Alberto Sangiovanni-Vincentelli. Cadence was formed by the merger of SDA and ECAD. A public company, ECAD had been co-founded by Ping Chao, Glen Antle, and Paul Huang in 1982. Cadence Design Systems was officially formed through the 1988 merger of SDA and ECAD, with Joseph Costello appointed both CEO and president of the newly combined company. After the merger, Cadence began trading on the New York Stock Exchange and Costello oversaw further mergers and acquisitions.

In 1989, the company acquired Gateway Design Automation for $72 million. In 1990 it acquired Automated Systems Inc., and in doing so added "board design to its existing line of chip design software". In 1991, Cadence acquired its rival Valid Logic Systems for around $200 million, its biggest acquisition yet.

In 1996, Cadence acquired High Level Design Systems, at which point Cadence had 3,300 employees and $742 million in annual revenue. Following the resignation of Cadence's original CEO Joe Costello in 1997, Jack Harding was appointed CEO. Ray Bingham was named CEO in 1999. Cadence purchased Ambit Design Systems for $260 million, which made tools for system-on-a-chip technology, in 1998, and OrCAD Systems in 1999. Cadence acquired Quickturn Design Systems in 1999, preventing a hostile takeover attempt by Mentor Graphics.

2000–2019

Under urging by executives such as Jim Hogan and executive vice president Penny Herscher, between 2001 and 2003, Cadence purchased a number of implementation tools through acquisition, such as Silicon Perspective, Verplex, and Celestry Design. The acquisitions were apparently in part to counter the 2001 purchase of Avanti by Synopsys, as Synopsys had become their primary market rival. In 2004, Mike Fister became Cadence's new CEO and president, with Ray Bingham becoming chairman. The former chairman, Donald L. Lucas, remained on the Cadence board. Between 2004 and 2007, Cadence purchased four companies, including the software developer Verisity, and in 2006, it spent $1 billion in stock buybacks.

In 2007, Cadence announced it would be introducing a new chip-making process that laid wires diagonally as well as horizontally and vertically. In June 2007, Cadence had a market value of around $6.4 billion. That year, Cadence was rumored to be in talks with Kohlberg Kravis Roberts and Blackstone Group regarding a possible sale of the company. Cadence withdrew a $1.6 billion offer to purchase Mentor Graphics in 2008. Also that year, Cadence's board appointed Lip-Bu Tan as acting CEO, after the resignation of Mike Fister; Tan had served on the Cadence board of directors since 2004. In January 2009, the board of directors of Cadence voted unanimously to confirm Lip-Bu Tan as president and CEO. In 2011, it purchased Altos Design Automation. Subsequent notable acquisitions included Cosmic Circuits and Tensilica in 2013, Forte Design Systems in 2014, and the AWR Corporation in 2019.

2020–2025

Cadence had 9,300 employees and annual revenue of $3 billion in 2021. Most of its revenue came from licensing its software and intellectual property. In April 2021, following a Washington Post report on the use of Cadence and Synopsys technology in the People's Liberation Army's military-civil fusion efforts, U.S. legislators Michael McCaul and Tom Cotton requested that the United States Department of Commerce tighten controls on the sales of semiconductor manufacturing software. On December 15, 2021, Anirudh Devgan assumed the role of Cadence president & CEO, after having been named Cadence president in 2017. Lip-Bu Tan retired as CEO and became executive chairman and left this position and the board in May 2023. In 2021, Cadence launched an artificial intelligence platform to streamline processor development.

Although most of Cadence's customers for decades were "traditional semiconductor firms", around 40% of Cadence's revenue by 2022 came from customers who were "systems" oriented, or seeking products tailored for various industries that utilized chips in a central role. Cadence was also increasingly designing customized chips for clients and having them manufactured by third parties such as Taiwan Semiconductor Manufacturing, a practice which had become more popular in the face of worldwide chip shortages and shipping issues, according to Reuters. By late 2022, Cadence had clients such as Tesla and Apple Inc. Cadence acquired OpenEye Scientific Software for $500 million in September 2022, rebranding the company OpenEye Cadence Molecular Sciences and making it into a business unit. OpenEye signed Pfizer as a software client in October 2023.

Cadence purchased several businesses from Rambus in 2023. In February 2024, Cadence "quietly stepped into the supercomputer business", according to TechRadar, when it unveiled the M1, its own supercomputer designed to run computational fluid dynamics (CFD) while utilizing AI. In June 2024, Cadence purchased BETA CAE Systems.

In January 2025, Cadence announced the acquisition of Secure-IC, an embedded security IP platform provider; the acquisition is expected to close by mid-2025, following the usual regulatory approvals and other closing conditions, and be immaterial to 2025 revenue and earnings.

In mid-2025, the Trump administration briefly paused the issuing of licenses for exports of American EDA software to China, including Cadence products. In July 2025, it was announced that Cadence would plead guilty to violating U.S. export controls and pay US$140 million.

On September 4, 2025, Cadence Design Systems announced it would acquire the design and engineering business of Stockholm-based Hexagon AB for €2.7 billion (approximately $3.16 billion) in a stock-and-cash deal. The acquisition includes Hexagon's MSC Software business, a provider of engineering simulation and analysis software and workflows.

Products

Originally known as a creator of electronic design automation (EDA) software, the company currently develops software, hardware and intellectual property (IP) used to design chips, chiplet-style products, and printed circuit boards, while also selling hardware systems that run its chip design software.

It also has tools for "electromagnetics, thermal and computational fluid dynamics in the high-tech electronics, aerospace and defense and automotive sectors", and according to Investor's Business Daily in 2023, it specializes in products for fields such as "artificial intelligence and machine learning, cloud computing, 3D technology, and AI-enabled big data analytics". Among market applications are "hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and health care".

Integrated circuit software

The company develops a number of technologies for creating custom integrated circuits. For example, its Virtuoso Platform, later renamed Virtuoso Studio, incorporates tools for designing full-custom integrated circuits. In 2019, Cadence introduced its Spectre X parallel circuit simulator, so that users could distribute time- and frequency-domain simulations across hundreds of CPUs for speed. Cadence also offers AWR, a radio frequency to millimeter wave design environment for designing 5G/wireless products. AWR is used for communications, aerospace and defense, semiconductor, computer, and consumer electronics.

Digital implementation and signoff

Cadence has a number of digital implementation and signoff tools, including Genus, Innovus, Tempus & Voltus, among others. In 2020, Cadence integrated its Innovus place and route engine and optimizer into Genus Synthesis. Stratus is Cadence's high-level synthesis tool, and is used to create RTL implementations from C, C++, or SystemC code. Other formal verification and signoff tools include Conformal Equivalence Checker, Joules RTL Power Solution, Quantus Extraction Solution, and Cadence's Modus DFT Software Solution.

System verification

Cadence has developed a number of formal verification products for chip design. JasperGold is a formal verification tool, initially introduced in 2003 and upgraded with machine learning in 2019. vManager is a verification management tool for tracking the verification process. Cadence announced Perspec System Verifier in 2014 for defining and verifying system-level verification scenarios, with Perspec made compatible with the Accellera Portable Test and Stimulus Standard (PSS) several years later. Introduced in 2017, Cadence's parallel simulator Xcelium is based on a multi-core parallel computing architecture.

Hardware emulation

In 2015, Cadence announced the Palladium Z1 hardware emulation platform, for verifying billion-gate designs. which was based on emulation technology from Cadence's 1998 acquisition of Quickturn. Cadence announced Palladium Z2 in 2021 as a successor to the Z1 platform with improved performance.

The Protium FPGA prototyping platform was introduced in 2014, followed by the Protium S1 in 2017, which was built on Xilinx Virtex UltraScale FPGAs. Protium X1 rack-based prototyping was introduced in 2019, which Cadence claimed supported a 1.2 billion gate SoCs at around 5 MHz. with Palladium S1/X1 and Protium sharing a single compilation flow. In 2021, Protium X2 was announced; Cadence claimed a 1.5X performance and 2X capacity improvement over Protium X1.

SIP blocks

Cadence supplies semiconductor intellectual property (SIP) blocks, covering interface design, USB, MIPI, ethernet, memory, analog, SoC peripherals, and data plane processing units. Cadence also develops chip verification technologies including simulators and formal verification tools. Cadence develops Tensilica DSP processors for audio, vision, wireless modems, and convolutional neural nets. Tensilica DSP processors IP in 2019 included: Tensilica Vision DSPs for imaging, vision, and AI processing; Tensilica HiFi DSPs for audio processing; Tensilica Fusion DSPs for IoT; Tensilica ConnX DSPs for radar, lidar, and communications processing; and Tensilica DNA Processor Family for AI acceleration. In 2021, Cadence launched the Tensilica AI Platform to accelerate AI SoC development and improve performances.

PCB and packaging technologies

The company provides several tools for the design of printed circuit boards (PCB) and of chip packages. Its Allegro Platform covers co-design of integrated circuits, packages, and PCBs on industrial scale. The OrCAD/PSpice product line aims at smaller design teams and individual PCB designers. OrbitIO Interconnect Designer is a die/package planning & route optimization tool. InspectAR uses augmented reality to map out complicated circuit board electronics for real-time labelling of board schematics.

Systems design and analysis

The company has a number of tools for system analysis. Sigrity offers tools for signal, power integrity, and thermal integrity analysis and IC package design. Introduced in April 2019 as part of Cadence's expansion into system analysis, Clarity is a 3D field solver for electromagnetic analysis, that uses distributed adaptive meshing to partition jobs across multiple cores. In September 2019, Cadence announced Celsius, a parallel architecture thermal solver that uses finite element analysis for solid structures and computational fluid dynamics (CFD) for fluids.

Cascade Technologies, Inc includes hi-fidelity CFD solvers for multiphysics analysis of turbulence fluid flow. Acquired by Cadence from Pointwise in 2021, Fidelity Pointwise is for computational fluid dynamics (CFD) mesh generation.

Machine design and digital twins

Cadence in 2021 acquired a number of system analysis products from NUMECA, known for software tools used in the automotive, marine, aerospace, and power generation industries. Among the tools were Fidelity (formerly known as OMNIS), a computational fluid dynamics (CFD), mesh generation, multi-physics simulation, and optimization product. Its Cadence Reality digital twin platform creates manipulatable digital models of designs or factories.

Cadence Design Systems in February 2024 launched its Cadence Millennium Enterprise Multiphysics Platform, or Millennium M1. The hardware/software combination was designed for creating digital twins. It draws from Cadence's older Fidelity CFD suite.

Drug design

Cadence's OpenEye Scientific division has computational molecular modeling and simulation software used by pharmaceutical and biotechnology companies for purposes such as drug discovery and antibody discovery. The Orion is OpenEye's software-as-a-service platform. OpenEye Scientific has its headquarters in Santa Fe, New Mexico.

Artificial intelligence

According to Reuters, in 2023 Cadence has been "providing tools to design chips for AI" and "adding AI into its own software to help in the complex process of designing chips". Cerebrus was released in 2021, and is a machine learning-based chip design software which utilizes reinforcement learning and is meant to automatically optimize the Cadence digital design flow. In 2022, Cadence introduced the AI platform Optimality Intelligent System Explorer, a system design tool with multiphysics system analysis software. Designed to be compatible with Clarity 3D and SigrityX, Microsoft was an early adopter. In September 2023, Cadence released software called ChipGPT, allowing companies to create custom silicon with assistance from AI.

Recognition

In 2016, former Cadence CEO Lip-Bu Tan was awarded the Dr. Morris Chang Exemplary Leadership Award by the Global Semiconductor Alliance. In 2019, Investor's Business Daily ranked Cadence Design Systems #5 on its 50 Best Environmental, Social, and Governance (ESG) Companies list. In 2020, Cadence ranked #45 on People magazine's Companies that Care list. Fortune magazine named Cadence to its 100 Best Companies to Work For list for the sixth consecutive year in 2020. In 2021, Anirudh Devgan was awarded the prestigious IEEE/SEMI Phil Kaufman award and in 2022 was inducted into National Academy of Engineering.

Sponsorship

In May 2022, the Formula 1 motor racing team McLaren announced a multi-year partnership deal with Cadence. Cadence partnered with the San Francisco 49ers in April 2023 on a several year technology project to fix energy efficiencies at Levi's Stadium. The deal also gave Cadence the naming rights to the team's mobile app.

Acquisitions timeline

Controversies

Lawsuits

Avanti Corporation From 1995 until 2002, Cadence was involved in a 6-year-long legal dispute with Avanti Corporation (brand name "Avant!"), in which Cadence claimed Avanti stole Cadence code, and Avanti denied it. According to Business Week "The Avanti case is probably the most dramatic tale of white-collar crime in the history of Silicon Valley". The Avanti executives eventually pleaded no contest and Cadence received several hundred million dollars in restitution. Avanti was then purchased by Synopsys, which paid $265 million more to settle the remaining claims. The case resulted in a number of legal precedents.

Aptix Corporation Quickturn Design Systems, a company acquired by Cadence, was involved in a series of legal events with Aptix Corporation. Aptix licensed a patent to Mentor Graphics and the two companies jointly sued Quickturn over an alleged patent infringement. Amr Mohsen, CEO of Aptix, forged and tampered with legal evidence and was subsequently charged with conspiracy, perjury, and obstruction of justice. Mohsen was arrested after violating his bail agreement by attempting to flee the country. While in jail, Mohsen plotted to intimidate witnesses and kill the federal judge presiding over his case. Mohsen was further charged with attempting to delay a federal trial by feigning incompetency. Due to the overwhelming misconduct, the judge ruled the lawsuit as unenforceable and Mohsen was sentenced to 17 years in prison. Mentor Graphics subsequently sued Aptix to recoup legal costs. Cadence also sued Mentor Graphics and Aptix to recover legal costs.

Berkeley Design Automation In 2013, Cadence sued Berkeley Design Automation (BDA) for circumvention of a license scheme to link its Analog FastSpice (AFS) simulator to Cadence's Analog Design Environment (Virtuoso ADE). The lawsuit was settled less than one year later with an undisclosed payment of BDA and a multi-year agreement to support interoperability of AFS with ADE through Cadence's official interface. BDA was bought by Mentor Graphics a few months later.

Export control violations and Chinese military university sales

In July 2025, Cadence Design Systems agreed to plead guilty to criminal charges and pay over $140 million in combined penalties for illegally exporting semiconductor design technology to China's National University of Defense Technology (NUDT), a military university controlled by China's Central Military Commission. According to the U.S. Department of Justice and Bureau of Industry and Security, Cadence's Chinese subsidiary knowingly sold electronic design automation (EDA) hardware, software, and semiconductor design technology valued at over $45 million to NUDT between 2015 and 2021, despite the university being placed on the U.S. Entity List in February 2015 due to its use of American technology for supercomputers "believed to support nuclear explosive simulation and military simulation activities".

The violations involved employees at Cadence's Chinese subsidiary using intermediary companies, including Central South CAD Center (CSCC) and later Phytium Technology, to disguise sales to the restricted military university. Internal communications revealed that Cadence China employees were explicitly instructed to refer to NUDT only in Chinese characters and use "CSCC" in English correspondence because "the subject [was] too sensitive." The Department of Justice noted that Cadence received only partial cooperation credit because the company "failed to voluntarily disclose the misconduct" and did not fully facilitate interviews of China-based employees, ultimately resulting in the company being placed on three years of corporate probation.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorTechnology industryTechnology employees15,445 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$5.30B
2016-12-31 → 2025-12-31
EPS$4.06
2016-12-31 → 2025-12-31
Free Cash Flow$1.59B
2016-12-31 → 2025-12-31
Net margin23.6%
2016-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend CDNS 5Y avg Peer Median Verdict
P/E (TTM) 71.55Y avg ≈70.6 ≈70.6 36.0 Overvalued
P/S (TTM) 17.05Y avg ≈16.3 ≈16.3 7.7 Overvalued
P/B (MRQ) 14.45Y avg ≈17.9 ≈17.9 12.4 Pricier
Price / FCF (TTM) 59.05Y avg ≈55.1 ≈55.1 · ·
Price / Cash Flow (TTM) 53.45Y avg ≈50.3 ≈50.3 33.8 Overvalued
Price / Tangible Book (MRQ) 19.95Y avg ≈43.0 ≈43.0 · ·
PEG Ratio ≈5.1 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 2.8%
Next Report Oct 26, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 27, 2026 $2.11 $2.10 0.67%
March 31, 2026 $1.96 $1.94 1.2%
Dec. 31, 2025 $1.99 $1.95 2.0%
Sept. 30, 2025 $1.93 $1.82 5.9%
June 30, 2025 $1.65 $1.59 4.1%
March 31, 2025 $1.57 $1.52 3.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $5.30B$4.64B$4.09B$3.56B$2.99B$2.68B$2.34B$2.14B$1.94B$1.82B$1.70B$1.58B
SG&A Expense $313M$274M$242M$242M$189M$154M$140M$133M$134M$125M$110M$114M
Operating Expenses $3.80B$3.29B$2.84B$2.49B$2.21B$2.04B$1.84B$1.74B$1.62B$1.57B$1.42B$1.37B
Operating Income $1.49B$1.35B$1.25B$1.07B$779M$646M$492M$396M$324M$245M$285M$207M
Interest Expense $117M$76M$36M$23M$17M$21M$19M$23M$26M$24M$28M$34M
Interest Income $102M$62M$30M$10M$3M$4M$10M$8M$4M$3M$3M$2M
Other Non-op $147M$121M$67M$-5M$6M$8M$6M$3M$17M$16M$10M$8M
Pretax Income $1.52B$1.40B$1.28B$1.05B$768M$633M$479M$376M$315M$237M$268M$181M
Income Tax $413M$340M$241M$196M$72M$42M$-510M$31M$111M$34M$15M$22M
Net Income $1.11B$1.06B$1.04B$849M$696M$591M$989M$346M$204M$203M$252M$159M
EPS (Basic) $4.09$3.89$3.86$3.13$2.54$2.16$3.62$1.26$0.75$0.71$0.88$0.56
EPS (Diluted) $4.06$3.85$3.82$3.09$2.50$2.11$3.53$1.23$0.73$0.70$0.81$0.52
Shares (Basic) 271,333,000271,212,000269,381,000271,198,000273,504,000273,728,000273,239,000273,729,000272,097,000284,502,000288,018,000283,349,000
Shares (Diluted) 273,312,000273,833,000272,748,000275,011,000278,858,000279,641,000280,515,000281,144,000280,221,000291,256,000312,302,000306,775,000
EBITDA $1.72B$1.55B$1.40B$1.21B$921M$791M$615M$515M$439M$364M$404M·
Balance Sheet 24
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $3.00B$2.64B$1.01B$882M$1.09B$928M$705M$533M$688M$465M$617M$932M
Short-term Investments $154M$141M$130M$4M····$4M$3M$94M$90M
Receivables $945M$680M$489M$487M$338M$338M$305M$297M$190M$157M$165M$122M
Inventory $304M$258M$182M$128M$116M$76M$56M$28M$33M$39M$57M$56M
Prepaid Expense $420M$434M$297M$210M$174M$136M$104M$93M$68M$37M$31M$126M
Current Assets $4.67B$4.02B$1.98B$1.71B$1.72B$1.48B$1.17B$951M$980M$702M$964M$1.85B
PP&E (Net) $517M$458M$403M$371M$306M$311M$276M$253M$251M$239M$229M$230M
PP&E (Gross) $1.54B$1.37B$1.24B$1.15B$1.04B$1.01B$911M$951M$910M$852M$810M$783M
Accum. Depreciation $1.02B$917M$837M$777M$733M$694M$635M$698M$658M$613M$581M$553M
Goodwill $2.75B$2.38B$1.54B$1.37B$928M$782M$662M$662M$666M$573M$552M$554M
Intangibles $718M$595M$337M$355M$233M$211M$172M$225M$279M$259M$296M$361M
Other Non-current Assets $338M$274M$248M$186M$182M$171M$107M$104M$75M$312M$300M$209M
Total Assets $10.15B$8.97B$5.67B$5.14B$4.39B$3.95B$3.36B$2.47B$2.42B$2.10B$2.35B$3.21B
Accounts Payable $857M$633M$577M$557M$417M$350M$317M$257M$5M$4M$25M$12M
Current Liabilities $1.64B$1.37B$1.59B$1.35B$971M$797M$672M$709M$642M$586M$536M$1.39B
Capital Leases $136M$109M$115M$139M$107M$114M$85M$0····
Deferred Tax $48M···········
Other Non-current Liabilities $408M$339M$276M$305M$226M$207M$163M$77M$81M$59M$60M$79M
Retained Earnings $7.10B$5.99B$4.94B$3.90B$3.05B$2.35B$1.76B$773M$341M$137M$-74M$-326M
Treasury Stock $6.34B$5.31B$4.60B$3.82B$2.74B$2.06B$1.67B$1.40B$1.18B$1.19B$401M$204M
AOCI $-2M$-190M$-95M$-92M$-33M$-17M$-37M$-25M$-4M$-25M$-12M$12M
Stockholders' Equity $5.47B$4.67B$3.40B$2.75B$2.74B$2.49B$2.10B$1.29B$989M$742M$1.38B$1.33B
Liabilities + Equity $10.15B$8.97B$5.67B$5.14B$4.39B$3.95B$3.36B$2.47B$2.42B$2.10B$2.35B$3.21B
Shares Outstanding 271,799,000273,851,000271,706,000272,675,000276,796,000278,941,000279,855,000280,015,000282,067,000278,099,000309,392,000291,584,000
Cash Flow 17
Metric Trend 202520242023202220212020201920182017201620152014
D&A $228M$197M$145M$132M$142M$146M$123M$119M$116M$120M$118M$116M
Stock-based Comp $455M$391M$326M$270M$210M$197M$182M$168M$130M$109M$92M$84M
Deferred Tax $66M$-129M$-37M$-108M$-43M$-26M$-577M$-12M$80M$-5M$-13M$12M
Amort. of Intangibles $40M$30M$18M$18M$20M$18M$12M$14M$15M$18M$24M$24M
Restructuring $29M$24M$11M$55.0K$-1M$9M$9M$11M$9M$41M$5M$10M
Other Non-cash $-129M$-254M$-126M$98M$96M$-3M$13M$-16M$-59M$18M$-72M·
Operating Cash Flow $1.73B$1.26B$1.35B$1.24B$1.10B$905M$730M$605M$471M$445M$378M$317M
CapEx $142M$143M$102M$123M$65M$95M$75M$62M$58M$54M$45M$40M
Investing Cash Flow $-461M$-837M$-412M$-739M$-293M$-292M$-106M$-174M$-191M$1M$-45M$-198M
Stock Issued $146M$204M$133M$105M$88M$75M$53M$41M$49M$55M$75M$66M
Stock Repurchased $925M$550M$700M$1.05B$612M$380M$306M$250M$100M$960M$333M$100M
Net Stock Activity $-779M$-346M$-567M$-945M$-525M$-305M$-253M$-209M$-51M$-905M$-258M·
Financing Cash Flow $-949M$1.24B$-804M$-657M$-644M$-415M$-444M$-568M$-70M$-593M$-626M$289M
Net Change in Cash $357M$1.64B$126M$-207M$161M$223M$172M$-155M$223M$-151M$-315M$396M
Taxes Paid $247M$510M$254M$233M$146M$106M$42M$68M$59M$37M$29M$26M
Free Cash Flow $1.59B$1.12B$1.25B$1.12B$1.04B$810M$655M$543M$413M$391M$333M·
Levered FCF $1.50B$1.06B$1.22B$1.10B$1.02B$791M$616M$522M$396M$371M$307M·
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 28.2%29.1%30.6%30.1%26.1%24.1%21.1%18.5%16.7%13.5%16.8%·
Net Margin 20.9%22.7%25.5%23.8%23.3%22.0%42.3%16.2%10.5%11.2%14.8%·
Pretax Margin 28.7%30.1%31.3%29.3%25.7%23.6%20.5%17.6%16.2%13.1%15.7%·
EBITDA Margin 32.5%33.4%34.1%33.9%30.8%29.5%26.3%24.1%22.6%20.1%23.7%·
ROA 11.6%14.4%19.3%17.8%16.7%16.2%34.0%14.1%9.0%9.1%9.1%·
ROE 21.2%22.9%31.9%31.1%25.9%24.2%55.2%27.2%23.6%19.2%18.6%·
ROIC 19.9%21.9%29.8%31.8%25.8%24.2%48.3%28.2%21.2%28.3%19.6%·
Liquidity & Solvency 3
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 2.92.91.21.31.81.91.71.31.51.21.8·
Quick Ratio 2.52.51.01.01.51.61.51.21.41.11.6·
Interest Coverage 12.817.834.646.845.931.126.117.112.610.310.1·
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.60.60.80.70.70.70.80.90.90.80.6·
Receivables Turnover 6.57.98.48.68.88.37.88.811.211.311.8·
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $20.14$17.07$12.53$10.07$9.90$8.94$7.51$4.60$3.51$2.67$4.45·
Revenue / Share $19.38$16.95$15.00$12.95$10.72$9.59$8.33$7.60$6.93$6.24$5.45·
Cash Flow / Share $6.33$4.60$4.95$4.52$3.95$3.24$2.60$2.15$1.68$1.53$1.21·
Cash / Share $11.04$9.65$3.71$3.24$3.93$3.33$2.52$1.90$2.44$1.67$1.99·
EPS (TTM) $4.06$3.85$3.82$3.09$2.50$2.11$3.53$1.23$0.73$0.70$0.81$0.52
Growth Rates 9
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 14.1%13.5%14.8%19.2%11.4%·······
Revenue CAGR 3Y 14.1%15.8%15.1%·········
Revenue CAGR 5Y 14.6%···········
EPS YoY 5.5%0.79%23.6%23.6%18.5%·······
EPS CAGR 3Y 9.5%15.5%21.9%·········
EPS CAGR 5Y 14.0%···········
Net Income YoY 5.1%1.4%22.6%22.0%17.8%·······
Net Income CAGR 3Y 9.3%14.9%20.8%·········
Net Income CAGR 5Y 13.4%···········
Valuation (TTM) 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $5.30B$4.64B$4.09B$3.56B$2.99B$2.68B$2.34B$2.14B$1.94B$1.82B$1.70B$1.58B
Net Income TTM $1.11B$1.06B$1.04B$849M$696M$591M$989M$346M$204M$203M$252M$159M
Market Cap $84.96B$82.28B$74.00B$43.80B$51.58B$38.06B$19.67B$12.14B$11.80B$7.01B$6.44B·
P/E 77.078.071.352.074.564.719.935.257.336.025.736.2
P/S 16.017.718.112.317.314.28.45.76.13.93.8·
P/B 15.517.621.716.018.815.39.49.411.99.54.7·
P / Tangible Book 42.348.448.343.132.725.4······
P / Cash Flow 49.165.354.935.346.942.127.020.125.115.817.0·
P / FCF 53.573.659.439.249.847.030.022.328.617.919.3·
Earnings Yield 1.3%1.3%1.4%1.9%1.3%1.6%5.0%2.8%1.8%2.8%3.9%2.8%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312022-01-01
Revenue $5.30B $4.64B $4.09B $3.56B $2.99B
Operating Margin % 28.2% 29.1% 30.6% 30.1% 26.1%
Net Income $1.11B $1.06B $1.04B $849M $696M
Diluted EPS $4.06 $3.85 $3.82 $3.09 $2.50

Institutional owners (13F) 1,661 filers · $101.7B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,661
Value held $101.7B
New positions 226
Exited positions 93
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
226 (+38 vs prior Q) 93 (-66 vs prior Q) 626 (+82 vs prior Q) 538 (-25 vs prior Q) +8.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $10,006,348,574 26,660,845 9.84% Shares
VANGUARD GROUP INC $8,511,887,860 27,231,070 8.37% Shares
VANGUARD CAPITAL MANAGEMENT LLC $6,761,908,117 18,016,381 6.65% Shares
STATE STREET CORP $4,890,941,670 13,031,391 4.81% Shares
FMR LLC $3,586,162,444 9,554,947 3.53% Shares
Invesco Ltd. $3,370,568,036 8,980,518 3.31% Shares
JPMORGAN CHASE & CO $2,931,781,842 7,865,907 2.88% Shares
GEODE CAPITAL MANAGEMENT, LLC $2,693,305,833 7,184,139 2.65% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,612,930,174 6,961,873 2.57% Shares
VAN ECK ASSOCIATES CORP $1,835,226,599 4,889,765 1.80% Shares
Capital International Investors $1,833,889,335 4,886,202 1.80% Shares
WELLINGTON MANAGEMENT GROUP LLP $1,831,686,957 4,880,334 1.80% Shares
JENNISON ASSOCIATES LLC $1,690,088,763 4,503,061 1.66% Shares
GOLDMAN SACHS GROUP INC $1,592,701,346 4,243,582 1.57% Shares
MORGAN STANLEY $1,345,884,077 3,585,961 1.32% Shares
ALLIANCEBERNSTEIN L.P. $1,319,162,261 4,747,408 1.30% Shares
NORGES BANK $1,274,223,035 3,395,031 1.25% Shares
PeakShares LLC $1,132,340,000 3,017 1.11% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $1,107,681,297 2,921,983 1.09% Shares
NORTHERN TRUST CORP $1,071,057,816 2,853,719 1.05% Shares
FRANKLIN RESOURCES INC $1,058,680,948 2,820,743 1.04% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $932,948,687 2,485,742 0.92% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $927,173,828 3,336,718 0.91% Shares
AMERICAN CENTURY COMPANIES INC $858,896,998 2,288,432 0.84% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $823,054,240 2,192,940 0.81% Shares
Swedbank AB $812,595,573 2,165,074 0.80% Shares
Nuveen, LLC $782,988,878 2,086,191 0.77% Shares
Amundi $706,755,344 1,883,110 0.69% Shares
Legal & General Group Plc $702,614,801 1,872,042 0.69% Shares
NOMURA HOLDINGS INC $688,637,136 1,834,800 0.68% Put option
JANUS HENDERSON GROUP PLC $638,675,874 2,298,483 0.63% Shares
ALKEON CAPITAL MANAGEMENT LLC $609,097,088 1,622,874 0.60% Shares
JANE STREET GROUP, LLC $607,943,336 1,619,800 0.60% Put option
Bank of New York Mellon Corp $607,349,868 1,618,219 0.60% Shares
VANGUARD FIDUCIARY TRUST CO $594,891,583 1,585,025 0.58% Shares
JANE STREET GROUP, LLC $589,177,336 1,569,800 0.58% Call option
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $545,109,138 1,452,385 0.54% Shares
DEUTSCHE BANK AG\ $532,338,500 1,418,359 0.52% Shares
PRINCIPAL FINANCIAL GROUP INC $500,863,493 1,334,480 0.49% Shares
Pictet Asset Management Holding SA $472,751,571 1,259,596 0.46% Shares
UBS Group AG $414,649,782 1,104,790 0.41% Shares
BANK OF AMERICA CORP /DE/ $410,332,835 1,093,288 0.40% Shares
Sumitomo Mitsui Trust Group, Inc. $391,956,059 1,044,325 0.39% Shares
BARCLAYS PLC $382,954,009 1,020,340 0.38% Shares
VOYA INVESTMENT MANAGEMENT LLC $368,615,251 983,147 0.36% Shares
AXA Investment Managers S.A. $329,463,263 937,947 0.32% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $321,574,176 856,800 0.32% Put option
LAZARD ASSET MANAGEMENT LLC $316,355,352 842,895 0.31% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $292,890,345 780,375 0.29% Shares
Swiss National Bank $292,276,697 778,740 0.29% Shares

Show all 1,661 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
CADENCE DESIGN SYSTEMS, INC., SCIOTO RIVER LTD. ×2 filings Jan. 24, 2005 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 48 insiders · 21 officers · 19 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Anirudh Devgan President and CEO Sept. 17, 2026 F 247,201 0 10 $-58,664,236
Michael J Fister President, CEO Feb. 8, 2008 F 886,145 0 0 $0
John M Wall Sr. VP & CFO Sept. 17, 2026 F 79,459 0 10 $-17,254,491
Geoffrey G Ribar Sr. VP, CFO Aug. 28, 2017 M 169,413 0 0 $0
William Porter EVP, Chief Financial Officer Feb. 8, 2008 F 439,150 0 0 $0
Scannell Paul Sr. Vice President Sept. 17, 2026 F 30,783 0 7 $-9,046,313
Paul Cunningham Sr. Vice President Sept. 17, 2026 F 120,612 0 11 $-4,928,750
Chin-Chi Teng Sr. Vice President Sept. 17, 2026 F 136,075 0 36 $-12,323,778
Marc Taxay SVP & General Counsel May 15, 2026 F 22,599 0 0 $0
Karna Nisewaner SVP & General Counsel March 17, 2025 F 23,941 0 0 $0
Thomas P Beckley Sr. Vice President Sept. 16, 2024 F 142,721 0 0 $0
Aneel Zaman Sr. Vice President March 15, 2024 A 24,499 0 0 $0
Alinka Flaminia Sr. VP, Chief Legal Officer Sept. 19, 2022 F 22,720 0 0 $0
James J Cowie Sr. VP, General Counsel April 23, 2020 M 78,724 0 0 $0
Chi-Ping Hsu Sr. Vice President Aug. 9, 2016 F 241,869 0 0 $0
Pieter Vorenkamp Sr. Vice President May 15, 2016 A 260,000 0 0 $0
Charlie X. Huang Executive Vice President Oct. 16, 2015 M 202,238 0 0 $0
Martin Lund Sr. Vice President Aug. 4, 2015 F 105,084 0 0 $0
R L Smith Mckeithen Sr. VP, General Counsel & Sec. Feb. 11, 2008 S 114,352 0 0 $0
Kevin Bushby Exec VP - WW Field Operations Feb. 8, 2008 F 285,627 0 0 $0
Raymond H Bingham Executive Chairman June 8, 2005 S 389,235 0 0 $0
Vincentelli Alberto Sangiovanni Director Oct. 1, 2026 S 39,544 0 6 $-838,680
Ita M Brennan Director Sept. 10, 2026 S 7,824 0 32 $-234,986
Young Sohn Director July 30, 2026 G 15,243 0 0 $0
James D Plummer Director June 11, 2026 S 23,264 0 1 $-576,205
Luc Van Den Hove Director May 7, 2026 A 979 0 0 $0
Julia Liuson Director May 7, 2026 A 6,441 0 0 $0
Mary L Krakauer Director May 7, 2026 A 4,993 0 0 $0
Mark Adams Director May 7, 2026 A 714 0 0 $0
Lewis Chew Director May 7, 2026 A 9,131 0 0 $0
Moshe Gavrielov Director May 7, 2026 A 1,819 1 2 $5,977
John B Shoven Director May 4, 2023 G 197,254 0 0 $0
Susan L Bostrom Director Feb. 25, 2021 A 3,789 0 0 $0
SIBONI ROGER S Director April 29, 2020 M 44,891 0 0 $0
Mary Agnes Wilderotter Director Feb. 14, 2020 A 13,235 0 0 $0
George Scalise Director Feb. 21, 2017 A 44,100 0 0 $0
Sean Maloney Director April 1, 2004 A · 0 0 $0
Lip Bu Tan · May 16, 2023 M 602,589 0 0 $0
Surendra Babu Mandava · March 15, 2021 F 205,149 0 0 $0
Nimish Harsukh Modi · Aug. 8, 2013 F 70,151 0 0 $0
John A Swainson · April 2, 2012 A 15,000 0 0 $0
Donald L Lucas · April 2, 2012 A 55,000 0 0 $0
John J Bruggeman · March 15, 2011 F 88,898 0 0 $0
Thomas A. Cooley · Feb. 8, 2011 A 131,394 0 0 $0
Kevin S. Palatnik · Aug. 9, 2010 F 273,827 0 0 $0
James S Miller JR · Oct. 7, 2008 F 309,968 0 0 $0
Lavi Lev · July 1, 2004 A 250,000 0 0 $0
Penny Herscher · Nov. 3, 2003 S 195,054 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 171 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
GRW · TCW ETF Trust 2.92% 5,558 NS July 31, 2026 N-PORT
ASLV · ALLSPRING EXCHANGE-TRADED FUNDS TRU… 2.73% 17,557 NS July 31, 2026 N-PORT
IGV · iShares Trust 2.70% 1,262,466 SH Sept. 11, 2026 Daily
FGSI · First Trust Exchange-Traded Fund IV 2.00% 122 NS July 31, 2026 N-PORT
FMAG · FIDELITY COVINGTON TRUST 1.86% 13,492 NS July 31, 2026 N-PORT
RILA · Spinnaker ETF Series 1.69% 2,095 NS July 31, 2026 N-PORT
SAWG · ETF Series Solutions 1.65% 140 NS July 31, 2026 N-PORT
AIFD · TCW ETF Trust 1.59% 5,856 NS July 31, 2026 N-PORT
RSPT · Invesco Exchange-Traded Fund Trust 1.57% 279,606 SH Oct. 5, 2026 Daily
AGRW · ALLSPRING EXCHANGE-TRADED FUNDS TRU… 1.54% 5,095 NS July 31, 2026 N-PORT
QNXT · iShares Trust 1.50% 1,442 SH Sept. 11, 2026 Daily
NULG · Nushares ETF Trust 1.49% 116,597 NS July 31, 2026 N-PORT
QQQG · Pacer Funds Trust 1.40% 840 NS July 31, 2026 N-PORT
TEC · Harbor ETF Trust 1.30% 243 NS July 31, 2026 N-PORT
IGPT · Invesco Exchange-Traded Fund Trust 1.21% 50,362 SH Oct. 5, 2026 Daily
WINN · Harbor ETF Trust 1.19% 39,540 NS July 31, 2026 N-PORT
ROBO · EXCHANGE TRADED CONCEPTS TRUST 1.19% 69,441 NS July 31, 2026 N-PORT
COWG · Pacer Funds Trust 0.99% 64,043 NS July 31, 2026 N-PORT
FFLG · FIDELITY COVINGTON TRUST 0.97% 16,782 NS July 31, 2026 N-PORT
QQQE · Direxion Shares ETF Trust 0.92% 36,254 NS July 31, 2026 N-PORT
SPHB · Invesco Exchange-Traded Fund Trust … 0.91% 25,728 SH Oct. 5, 2026 Daily
JHAI · Janus Detroit Street Trust 0.89% 610 NS July 31, 2026 N-PORT
KNCT · Invesco Exchange-Traded Fund Trust 0.81% 3,862 SH Oct. 5, 2026 Daily
ALTL · Pacer Funds Trust 0.80% 2,166 NS July 31, 2026 N-PORT
JOET · Virtus ETF Trust II 0.78% 5,570 NS July 31, 2026 N-PORT
PEXL · Pacer Funds Trust 0.77% 1,143 NS July 31, 2026 N-PORT
ESLG · Strategy Shares 0.74% 509 NS July 31, 2026 N-PORT
SEMI · Columbia ETF Trust I 0.73% 808 NS July 31, 2026 N-PORT
NULC · Nushares ETF Trust 0.69% 1,440 NS July 31, 2026 N-PORT
FEUS · FlexShares Trust 0.68% 2,240 NS July 31, 2026 N-PORT
HAPI · Harbor ETF Trust 0.64% 9,210 NS July 31, 2026 N-PORT
FOWF · Pacer Funds Trust 0.64% 296 NS July 31, 2026 N-PORT
QIDX · Spinnaker ETF Series 0.63% 723 NS July 31, 2026 N-PORT
ESUM · Strategy Shares 0.60% 3,233 NS July 31, 2026 N-PORT
IIGD · Invesco Exchange-Traded Self-Indexe… 0.60% 162,000 Oct. 2, 2026 Daily
EGUS · iShares Trust 0.60% 581 SH Sept. 11, 2026 Daily
FXL · First Trust Exchange-Traded AlphaDE… 0.60% 45,316 NS July 31, 2026 N-PORT
ESMV · iShares Trust 0.59% 160 SH Sept. 11, 2026 Daily
TRFM · ETF Series Solutions 0.59% 4,268 NS July 31, 2026 N-PORT
LCOW · Pacer Funds Trust 0.57% 432 NS July 31, 2026 N-PORT
HIBL · Direxion Shares ETF Trust 0.54% 1,197 NS July 31, 2026 N-PORT
FTC · First Trust Exchange-Traded AlphaDE… 0.52% 20,003 NS July 31, 2026 N-PORT
GARP · iShares Trust 0.51% 54,609 SH Sept. 11, 2026 Daily
MGK · VANGUARD WORLD FUND 0.50% 448,336 SH Aug. 19, 2026 Daily
QUAL · iShares Trust 0.48% 785,149 SH Sept. 11, 2026 Daily
VGT · VANGUARD WORLD FUND 0.45% 2,024,208 SH Aug. 19, 2026 Daily
TECL · Direxion Shares ETF Trust 0.45% 67,381 NS July 31, 2026 N-PORT
XOEF · iShares Trust 0.44% 347 SH Sept. 11, 2026 Daily
QYLD · Global X Funds 0.44% 104,208 NS July 31, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.43% 1,947 NS July 31, 2026 N-PORT
QYLG · Global X Funds 0.43% 2,000 NS July 31, 2026 N-PORT
PTNQ · Pacer Funds Trust 0.43% 15,091 NS July 31, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.42% 247,994 NS July 31, 2026 N-PORT
QTR · Global X Funds 0.42% 95 NS July 31, 2026 N-PORT
QRMI · Global X Funds 0.42% 178 NS July 31, 2026 N-PORT
LRND · New York Life Investments ETF Trust 0.42% 4,952 NS July 31, 2026 N-PORT
QCLR · Global X Funds 0.42% 41 NS July 31, 2026 N-PORT
QQWZ · Pacer Funds Trust 0.42% 628 NS July 31, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.41% 8,583 NS July 31, 2026 N-PORT
HQGO · Lattice Strategies Trust 0.41% 588 NS July 31, 2026 N-PORT
QQQM · Invesco Exchange-Traded Fund Trust … 0.40% 1,270,731 SH Oct. 5, 2026 Daily
QQQ · Invesco QQQ Trust, Series 1 0.40% 5,748,404 SH Oct. 5, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.40% 96,350 NS July 31, 2026 N-PORT
QSIX · Pacer Funds Trust 0.39% 213 NS July 31, 2026 N-PORT
IYW · iShares Trust 0.39% 342,099 SH Sept. 11, 2026 Daily
IGM · iShares Trust 0.35% 130,285 SH Sept. 11, 2026 Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.35% 25,696 NS July 31, 2026 N-PORT
SUSA · iShares Trust 0.35% 48,693 SH Sept. 11, 2026 Daily
USXF · iShares Trust 0.32% 16,387 SH Sept. 11, 2026 Daily
VEGN · ETF Series Solutions 0.31% 1,629 NS July 31, 2026 N-PORT
VONG · VANGUARD SCOTTSDALE FUNDS 0.31% 437,091 SH Aug. 19, 2026 Daily
TYLG · Global X Funds 0.31% 129 NS July 31, 2026 N-PORT
VUG · VANGUARD INDEX FUNDS 0.30% 3,036,159 SH Aug. 19, 2026 Daily
IQSU · New York Life Investments ETF Trust 0.29% 2,774 NS July 31, 2026 N-PORT
IXN · iShares Trust 0.29% 94,200 SH Sept. 11, 2026 Daily
IWY · iShares Trust 0.28% 151,521 SH Sept. 11, 2026 Daily
VFQY · VANGUARD WELLINGTON FUND 0.27% 3,393 SH Aug. 19, 2026 Daily
HELO · J.P. Morgan Exchange-Traded Fund Tr… 0.26% 35,319 NS July 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.26% 4,348 NS July 31, 2026 N-PORT
SPTE · SP Funds Trust 0.26% 1,588 NS July 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.25% 683,983 SH Oct. 5, 2026 Daily
ILCG · iShares Trust 0.25% 26,826 SH Sept. 11, 2026 Daily
FEX · First Trust Exchange-Traded AlphaDE… 0.24% 11,263 NS July 31, 2026 N-PORT
HDUS · Lattice Strategies Trust 0.24% 1,437 NS July 31, 2026 N-PORT
IWF · iShares Trust 0.24% 1,036,389 SH Sept. 11, 2026 Daily
MPLY · Strategy Shares 0.24% 110 NS July 31, 2026 N-PORT
JOYT · J.P. Morgan Exchange-Traded Fund Tr… 0.23% 665 NS July 31, 2026 N-PORT
SUSL · iShares Trust 0.23% 9,734 SH Sept. 11, 2026 Daily
ESGU · iShares Trust 0.23% 143,411 SH Sept. 11, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.23% 6,887,000 Oct. 5, 2026 Daily
DSI · iShares Trust 0.22% 42,156 SH Sept. 11, 2026 Daily
AQLT · iShares Trust 0.22% 2,481 SH Sept. 11, 2026 Daily
GLBL · Pacer Funds Trust 0.21% 7 NS July 31, 2026 N-PORT
QVML · Invesco Exchange-Traded Fund Trust … 0.21% 10,233 SH Oct. 5, 2026 Daily
MGC · VANGUARD WORLD FUND 0.20% 55,088 SH Aug. 19, 2026 Daily
EUSA · iShares, Inc. 0.18% 12,389 SH Sept. 11, 2026 Daily
ESGG · FlexShares Trust 0.18% 589 NS July 31, 2026 N-PORT
VOOG · VANGUARD ADMIRAL FUNDS 0.18% 129,066 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.18% 62,346 SH Aug. 19, 2026 Daily
USMV · iShares Trust 0.16% 134,640 SH Sept. 11, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.16% 7,164,888 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.16% 322,135 SH Aug. 19, 2026 Daily
ACIO · ETF Series Solutions 0.15% 10,675 NS July 31, 2026 N-PORT
SIZE · iShares Trust 0.15% 2,297 SH Sept. 11, 2026 Daily
CATH · Global X Funds 0.15% 5,871 NS July 31, 2026 N-PORT
GLOF · iShares Trust 0.15% 1,075 SH Sept. 11, 2026 Daily
ADME · ETF Series Solutions 0.15% 1,305 NS July 31, 2026 N-PORT
VONE · VANGUARD SCOTTSDALE FUNDS 0.15% 45,689 SH Aug. 19, 2026 Daily
WRND · New York Life Investments ETF Trust 0.15% 46 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.15% 14,218 NS July 31, 2026 N-PORT
PBP · Invesco Exchange-Traded Fund Trust 0.15% 1,638 SH Oct. 5, 2026 Daily
USCL · iShares Trust 0.15% 14,552 SH Sept. 11, 2026 Daily
TOPC · iShares Trust 0.15% 168 SH Sept. 11, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.15% 44,449 SH Oct. 5, 2026 Daily
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.15% 37,988 NS July 31, 2026 N-PORT
CHRI · Global X Funds 0.14% 34 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.14% 23,282 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.14% 4,657 NS July 31, 2026 N-PORT
XRMI · Global X Funds 0.14% 211 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.14% 13,770 NS July 31, 2026 N-PORT
XCLR · Global X Funds 0.14% 15 NS July 31, 2026 N-PORT
XYLG · Global X Funds 0.14% 268 NS July 31, 2026 N-PORT
XTR · Global X Funds 0.14% 20 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.14% 24 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.14% 8,757,907 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.14% 23,220 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.14% 1,100 NS July 31, 2026 N-PORT
IVW · iShares Trust 0.14% 370,636 SH Sept. 11, 2026 Daily
IWL · iShares Trust 0.14% 10,685 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.14% 83,204 NS July 31, 2026 N-PORT
XVV · iShares Trust 0.13% 3,166 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.13% 1,040 NS July 31, 2026 N-PORT
IUSG · iShares Trust 0.13% 153,010 SH Sept. 11, 2026 Daily
QDPL · Pacer Funds Trust 0.13% 6,637 NS July 31, 2026 N-PORT
ESG · FlexShares Trust 0.13% 510 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.13% 23,494 SH Aug. 19, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.13% 17,203 SH Oct. 5, 2026 Daily
PHDG · Invesco Actively Managed Exchange-T… 0.12% 218 SH Oct. 5, 2026 Daily
IVV · iShares Trust 0.12% 3,476,709 SH Sept. 11, 2026 Daily
ILCB · iShares Trust 0.12% 5,335 SH Sept. 11, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.12% 1,925 NS July 31, 2026 N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe… 0.11% 5,194,000 Oct. 5, 2026 Daily
IWB · iShares Trust 0.11% 190,994 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.11% 11,806 SH Sept. 11, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.11% 21,562 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.11% 75,765 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.11% 358,588 SH Sept. 11, 2026 Daily
ACWV · iShares, Inc. 0.10% 11,948 SH Sept. 11, 2026 Daily
IVE · iShares Trust 0.10% 169,332 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.10% 6,156 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.09% 772 SH Sept. 11, 2026 Daily
IUSV · iShares Trust 0.09% 89,044 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.09% 6,153 NS July 31, 2026 N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.09% 230,054 SH Aug. 19, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.09% 120,000 Oct. 5, 2026 Daily
URTH · iShares, Inc. 0.09% 24,688 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.09% 31,345 NS July 31, 2026 N-PORT
PWS · Pacer Funds Trust 0.08% 57 NS July 31, 2026 N-PORT
XT · iShares Trust 0.08% 10,624 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.08% 1,774 SH Oct. 5, 2026 Daily
ACWI · iShares Trust 0.08% 87,426 SH Sept. 11, 2026 Daily
PEVC · Pacer Funds Trust 0.07% 5 NS July 31, 2026 N-PORT
CRBN · iShares Trust 0.07% 2,887 SH Sept. 11, 2026 Daily
LRGF · iShares Trust 0.06% 7,699 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.06% 16,557 SH Oct. 5, 2026 Daily
DCOR · Dimensional ETF Trust 0.06% 5,571 NS July 31, 2026 N-PORT
IUS · Invesco Exchange-Traded Self-Indexe… 0.05% 1,454 SH Oct. 5, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.04% 10,229 SH Oct. 5, 2026 Daily
QLV · FlexShares Trust 0.03% 168 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.03% 41,445 NS July 31, 2026 N-PORT
LGDX · Tidal Trust III 0.02% 74 NS July 31, 2026 N-PORT

CDNS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 32 analysts BUY
Median target $407.94 +13.5%
9 28.1% Strong Buy
20 62.5% Buy
3 9.4% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

26 analysts · 2026-10-07

Mean target $405.47 +12.8%

Now Current price $359.55
Low$300.00 Mean$405.47 High$470.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CDNS $84.96B 77.0 14.1% 20.9% 21.2% ·
PLTR $425.03B 282.1 56.2% 36.3% 26.2% 82.4%
CRM $197.22B 27.2 9.6% 18.0% 12.4% 77.7%
DDOG $47.94B 438.7 27.7% 3.1% 3.1% 80.0%
SNPS $84.41B 56.4 15.1% 18.9% 7.1% 77.0%
APP $227.96B 69.1 70.0% 60.8% 201.9% ·
ADBE $132.21B 19.2 10.5% 30.0% 61.8% 89.3%
INTU $84.83B 19.2 13.9% 21.3% 24.0% ·
MSTR · -10.0 3.0% -806.3% -8.4% 68.7%
ADSK $53.90B 48.6 17.5% 15.6% 39.0% 91.0%
WDAY $45.51B 67.8 13.1% 7.3% 8.2% ·

Latest News Recent headlines mentioning this company

23

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Jul 29, 2026