Cadence Design Systems Inc - Company Profile
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View moreCadence Design Systems Inc (Cadence) is a provider of electronic system design software and intellectual property (IP). The company develops computational, AI-driven software, accelerated hardware, and intellectual property (IP) solutions for engineers and scientists. Its product and solution portfolio include electronic design automation software, emulation and prototyping hardware, system interconnect and analysis, verification intellectual property and design intellectual property. It offers tool adoption, design systems and flows, design methodologies, custom PDK development and advanced sip technologies, including 3d-ic, transition to advanced process nodes, advanced functional verification, DFM support and validation, and design team ramp-up services. Cadence’s products and services find application in automotive, aerospace, biotech, hyperscale and cloud computing, data centers, telecommunications, medical technology, industrial internet of things, and AI. The company operates through a network of subsidiaries across Asia-Pacific, Europe, the Americas, Middle East, and Africa. Cadence is headquartered in San Jose, California, the US.
Headquarters
United States of America
Address
2655 Seely Avenue Bldg 5, San Jose, California, 95134
Website
www.cadence.com/en_US/home.html
Telephone
1 302 6587581
No of Employees
13,800
Industry
Technology and Communications
Ticker Symbol & Exchange
CDNS (NASD)
Revenue (2024)
$5.3B
14.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
5.1%
(2024 vs 2023)
Market Cap*
$91.8B
Net Profit Margin (2024)
XYZ
-7.9%
(2024 vs 2023)
* As of and is in US$
Cadence Design Systems Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Millennium Platform | Technical Support and Maintenance | Cadence |
| Cerebrus Intelligent Chip Explorer | Design Services | Virtuoso |
| Optimality Intelligent System Explorer | Hosted Design Solutions | Xcelium |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company signed a partnership with Rapidus Corporation to enhance agentic AI for advanced-node system-on-chip. |
| 2026 | New Products/Services | In July, the company launched its AuraStack AI super agent. |
| 2026 | Contracts/Agreements | In June, the company expanded its partnership with Intel Foundry to enhance Design Technology Co-Optimization for Intel's next-gen 14A process technologies. |
Competitor Comparison
| Key Parameters | Cadence Design Systems Inc | Siemens AG | Synopsys Inc | Keysight Technologies Inc | ANSYS Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Germany | United States of America | United States of America | United States of America |
| City | San Jose | Munich | Sunnyvale | Santa Rosa | Canonsburg |
| State/Province | California | - | California | California | Pennsylvania |
| No. of Employees | 13,800 | 317,000 | 28,000 | 15,500 | 6,600 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mary Louise Krakauer | Chairman | Executive Board | 2023 | 69 |
| Anirudh Devgan | Director; Chief Executive Officer; President | Executive Board | 2021 | 56 |
| John M. Wall | Chief Financial Officer; Senior Vice President | Senior Management | 2017 | 55 |
| Tarak Ray | Chief Information Officer; Vice President | Senior Management | 2022 | - |
| Boyd Phelps | Senior Vice President - Silicon Solutions Group; General Manager - Silicon Solutions Group | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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