Cadence Design Systems Inc. (NASDAQ: CDNS)
Software - Infrastructure · San Jose, CA, United States · Founded 1988
- Market capitalization: $75.0 billion
- Annual revenue: $5.3 billion
- Net income: $1.11 billion
- Employees: 12,000
- Sector: Technology
- Headquarters: San Jose, United States
- Founded: 1988
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Cadence Design Systems builds the software that chip designers can't live without. Their EDA tools handle everything from circuit simulation to physical layout verification, and they've expanded into computational fluid dynamics and molecular simulation. If you're designing a semiconductor in 2024, odds are Cadence software touched it somewhere along the way.
Cadence runs on a subscription and term-license model, locking in recurring revenue from chip designers who'd face massive switching costs. They also sell IP blocks and cloud-based design services, which have become a growing slice of the pie.
Founded in 1988 through the merger of SDA Systems and ECAD, Cadence quickly became one of the Big Three in EDA. The company went through a rough patch in the early 2000s with accounting scandals, but rebuilt under CEO Lip-Bu Tan starting in 2009. Their 2022 acquisition of OpenEye Scientific put them squarely into molecular simulation.
| Market Capitalization | $75.0B |
| Annual Revenue | $5.3B |
| Net Income | $1.11B |
| Profit Margin | 21% |
| Revenue per Employee | $441667K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | CDNS |
Financial data is approximate and based on most recent annual filings.
Cadence's tools were used in the design of virtually every advanced chip Apple has shipped. The company's stock returned over 1,000% in the decade ending 2023, crushing most of the tech sector.
Cadence is one of those quiet monopolies that prints money while nobody's watching. As long as chips keep getting more complex, they're golden.
What is Cadence Design Systems Inc.'s revenue?
Cadence Design Systems Inc. generates approximately $5.3 billion in annual revenue.
How many employees does Cadence Design Systems Inc. have?
Cadence Design Systems Inc. employs approximately 12,000 people worldwide.
What is Cadence Design Systems Inc.'s market cap?
Cadence Design Systems Inc. (CDNS) has a market capitalization of approximately $75.0 billion on the NASDAQ.
When was Cadence Design Systems Inc. founded?
Cadence Design Systems Inc. was founded in 1988 and is headquartered in San Jose, CA, United States.
Who is the CEO of Cadence Design Systems Inc.?
Anirudh Devgan is the current CEO of Cadence Design Systems Inc..
What is Cadence Design Systems Inc.'s website?
Cadence Design Systems Inc.'s official website is cadence.com.
| CEO | Anirudh Devgan |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Founded | 1988 |
| HQ | San Jose, CA |
| Country | United States |
| Website | cadence.com |
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