CADENCE DESIGN SYSTEMS INC

Cadence Design Systems, Inc. (NASDAQ: CDNS) operates as a global technology leader developing computational, AI-driven software, accelerated hardware, and silicon intellectual property products and solutions. The company's website is www.cadence.com. Cadence serves semiconductor companies that design and manufacture integrated circuits as well as systems companies that design and manufacture electromechanical systems containing various types of semiconductor and other electronics.

The company organizes its offerings into three primary product categories. Core EDA encompasses software, hardware, and services essential for the design and verification of semiconductor chips, including analog, digital, mixed-signal, memory, radio-frequency, and silicon photonics applications. Semiconductor IP features strategic, mission-critical design architectures that customers integrate into their differentiated design blocks and system-on-chip subsystems, including controllers, physical interfaces, configurable digital signal processors, and verification IP. System Design and Analysis provides comprehensive solutions enabling end-to-end system-level design and verification across chips, packages, printed circuit boards, and complete electronic systems, incorporating advanced multiphysics simulation and computational fluid dynamics capabilities.

For fiscal 2025, Cadence generated total revenue of $5.297 billion, with product and maintenance revenue representing 91 percent and services revenue comprising 9 percent of total revenue. The company had approximately 13,800 employees as of December 31, 2025. Remaining performance obligations totaled $7.8 billion as of the same date, with the company expecting to recognize 53 percent of contracted but unsatisfied performance obligations as revenue over the next 12 months.

Cadence's business strategy, termed Intelligent System Design, focuses on three key pillars: Design Excellence leveraging AI-driven computational software and accelerated computing, System Innovation applying expertise to multiphysics-based analysis of systems containing electronic devices, and Pervasive Intelligence integrating AI training, inference, and reasoning algorithms into products and solutions. The company's growth is fueled by the transformative impact of artificial intelligence and increasing complexity of semiconductor and electronic system design. Recent acquisitions have expanded capabilities in agentic AI technology for semiconductor development, automotive electronic software and hardware development, foundation IP for advanced process nodes, and embedded security solutions.