Cadence Design Systems
CDNS · NASDAQ · Technology
$309.09
+$14.87 (+4.81%) today
Market Cap
$85.12B
24h Volume
$1.1B
P/E Ratio
61.5
52w High
$416.39
52w Low
$265.66
Est. AI Revenue
25%
7-Day Sparkline (Static)
Company facts
Performance
About Cadence Design Systems
Cadence Design Systems sells electronic design automation software, the tools engineers use to design and verify chips. Chipmakers pay for licenses and subscriptions to its design flows, simulation tools, and computational software.
AI now runs in both directions through its products: Cadence Cerebrus uses AI to optimize chip designs automatically, the JedAI platform pools design data for machine learning, Verisium AI accelerates verification, and Cadence Reality AI applies the same computational methods to system analysis.
Founded in 1988 and headquartered in San Jose, California, Cadence trades on the NASDAQ, is led by CEO Anirudh Devgan, and employs roughly 15,400 people.
Cadence Design Systems in the AI buildout
Cadence sits in the Semiconductors and AI Software & Platforms layers as a toolmaker the whole chip industry depends on. NVIDIA, hyperscalers designing their own silicon, and AI chip startups all use its design and verification software, so the AI silicon design wave feeds directly into its bookings. Its own AI tools like Cerebrus also make chip design faster. Revenue spans all of semiconductor and systems design, which tempers the exposure, but the AI wave is a top growth driver.
CDNS is tracked in Semiconductors and AI Software & Platforms, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
CDNS trades at $309.09, 29% of the way up its 52-week range of $265.66 to $416.39.
Market cap
Market capitalization is $85.12B, with an AI Exposure Score of 60 out of 100.
Valuation vs peers
Its P/E ratio of 61.5 is above the Semiconductors category median of 47.5.
Next earnings
Cadence Design Systems is next expected to report earnings on October 26, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Cadence Design Systems do?
Cadence sells electronic design automation software that engineers use to design and verify chips and electronic systems, earning license and subscription revenue from semiconductor companies.
How is Cadence exposed to AI?
Two ways: the AI chip design wave drives demand for its tools from NVIDIA, hyperscalers, and startups, and its own products like Cerebrus use AI. Supercycle gives it an AI Exposure Score of 60 out of 100.
What are Cadence's main AI products?
Cadence Cerebrus for AI-driven chip design optimization, the JedAI data platform, Verisium AI for verification, and Cadence Reality AI for system analysis.
Is CDNS a pure play AI stock?
No, but it is a core enabler. Every AI chip gets designed in EDA software, and Cadence is one of the main providers. Its score of 60 out of 100 reflects that position atop a broader design business.
Who leads Cadence and where is it based?
CEO Anirudh Devgan leads Cadence from San Jose, California. The company was founded in 1988, trades on the NASDAQ, and employs roughly 15,400 people.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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