Welcome to our dedicated page for Cadence Design System news (Ticker: CDNS), a resource for investors and traders seeking the latest updates and insights on Cadence Design System stock.
Cadence Design Systems develops electronic design automation software, design IP, and system design and analysis products for semiconductor and system engineering. Company updates commonly cover AI-driven chip design, certified design flows for advanced process nodes, digital twins, physics-based simulation, and computational software used from silicon design to electromechanical systems.
Recurring developments include collaborations with semiconductor, cloud and accelerated-computing partners; customer adoption of technologies such as Tensilica Vision DSP IP and Cadence ChipStack AI Super Agent; and financial results across EDA, IP, and system design and analysis. Cadence also reports on expanded simulation capabilities, including structural and multibody dynamics technologies added through the completed Hexagon design and engineering acquisition.
Cadence (CDNS) announced an expanded multi-year collaboration with NVIDIA, focusing on accelerated computing and agentic AI integration. The partnership highlights significant performance improvements using NVIDIA's latest Blackwell architecture, including:
- Computational fluid dynamics simulation time reduced by up to 80X
- Cadence Spectre X Simulator accelerated by up to 10X
- 3D-IC design and analysis acceleration up to 7X
The collaboration features the integration of Cadence JedAI Platform with NVIDIA's NeMo framework and the new Llama Nemotron Reasoning Model. Additionally, Cadence is among the first adopters of NVIDIA Omniverse Blueprint for AI factory digital twins, enabling efficient data center design and operation through the integration of Omniverse Viewport, Allegro X Design Platform, and Reality Digital Twin Platform.
Cadence Design Systems (Nasdaq: CDNS) has announced that President and CEO Anirudh Devgan will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco. The presentation is scheduled for March 5, 2025, at 2:35 p.m. PST.
The event will be accessible through a live webcast on the company's website at cadence.com/cadence/investor_relations. For those unable to attend live, the presentation will remain available for replay on the Cadence website for 180 days following the event.
Cadence Design Systems (CDNS) reported strong Q4 and fiscal year 2024 results, with Q4 revenue reaching $1.356 billion, up from $1.069 billion in Q4 2023. The company achieved a record backlog of $6.8 billion and current remaining performance obligations (cRPO) of $3.4 billion.
Q4 highlights include GAAP operating margin of 33.7% and non-GAAP operating margin of 46.0%. For the full year 2024, revenue grew 13.5% to $4.641 billion with a non-GAAP operating margin of 42.5%. The company's IP business grew 28% year-over-year in Q4, while Core EDA grew 15%.
Looking ahead to 2025, Cadence expects revenue between $5.14-$5.22 billion and non-GAAP diluted EPS of $6.65-$6.75.
MediaTek has adopted Cadence's AI-driven Virtuoso Studio and Spectre X Simulator on NVIDIA's platform for its 2nm designs, achieving significant productivity improvements. The implementation has resulted in a 30% productivity gain in their design flow compared to previous versions.
Key achievements include up to 6X greater performance using Spectre X Simulator on NVIDIA Hopper GPUs while maintaining accuracy, and an additional 30% design productivity improvement through Virtuoso Studio's layout routing and placement tools. MediaTek has integrated its own AI-powered optimization algorithm using the Virtuoso ADE Suite for future product development.
The collaboration enables MediaTek to meet aggressive performance and turnaround time requirements for 2nm high-speed analog IP development, with enhanced throughput and efficiency through comprehensive automation features.
Cadence (CDNS) has announced a definitive agreement to acquire Secure-IC, a leading embedded security IP platform provider. The acquisition aims to enhance Cadence's expanding IP portfolio with Secure-IC's embedded security IP, solutions, evaluation tools, and services.
Secure-IC's customer base includes prominent companies like SK Hynix Memory Solutions America, Synaptics, Silicon Labs, and Faraday Technology. The company has completed over 500 successful projects worldwide and operates from its headquarters in Rennes, France, with eight additional offices globally.
The integration will combine Secure-IC's solutions (Securyzr™, Laboryzr™, and Expertyzr™) with Cadence's expertise in IP and subsystem design. The transaction is expected to close in the first half of 2025, subject to regulatory approvals and customary conditions. The acquisition is anticipated to be immaterial to revenue and earnings this year.
Cadence Design Systems (Nasdaq: CDNS) has announced its upcoming fourth quarter and fiscal year 2024 financial results webcast, scheduled for Tuesday, February 18, 2025, at 2:00 p.m. Pacific Time. The presentation will feature Dr. Anirudh Devgan, president and CEO, alongside John Wall, senior vice president and CFO.
The webcast recording will be accessible online from 5:00 p.m. Pacific Time on February 18, 2025, until 5:00 p.m. Pacific Time on March 17, 2025, through the company's investor relations website.
Cadence Design Systems highlighted its commitment to disability inclusion through its Abilities Inclusion Group initiatives. The company celebrated International Day of Persons with Disabilities with guest speaker Melissa Stockwell, a four-time Paralympian. The Abilities Inclusion Group, in partnership with the Cadence Giving Foundation, collaborated with Special Olympics Northern California to support athletic training for individuals with disabilities.
Christina Jamerson, Abilities Inclusion Group Lead and Demand Gen Director, participated in a panel discussion about workplace inclusion and outlined plans for 2025. The company organized resource fairs to promote employee resource groups (ERGs) and foster community engagement.
Cadence Design Systems (CDNS) has announced the appointment of Moshe Gavrielov to its board of directors, effective January 1, 2025. Gavrielov brings significant industry experience, currently serving on the boards of NXP Semiconductors and TSMC, and chairing Foretellix and SiMa.ai. He previously served as president and CEO of Xilinx from 2008 to 2018, where he led the company's transformation from an FPGA supplier to an 'All Programmable' solutions provider. Notably, Gavrielov has prior experience with Cadence, having served as executive vice president and general manager of its verification division from 2005 to 2007. The appointment aims to leverage his deep industry knowledge and ecosystem relationships to accelerate growth and enhance shareholder value in the AI era.
Cadence Design Systems (CDNS) announced a collaboration with Rapidus to develop co-optimized AI-driven reference design flows and IP portfolio supporting Rapidus' 2nm gate-all-around (GAA) process with backside power delivery network (BSPDN) technology. The partnership aims to address increasing design challenges in the semiconductor industry, focusing on power, performance, and area requirements.
The collaboration includes numerous Cadence solutions, such as Cerebrus Intelligent Chip Explorer, JedAI Solution, and various other digital and analog/mixed signal tools. Customers will have access to Cadence's interface and memory IP components, including HBM4, 224G SerDes, and PCIe 7.0.
AST SpaceMobile and Cadence Design Systems announced their collaboration to develop the AST5000 ASIC, a custom chip designed for space-based cellular broadband network accessible by everyday smartphones. The chip enables up to a tenfold improvement in satellite processing bandwidth and is a key component of AST SpaceMobile's BlueBird program. Using Cadence's tools, IP, and Palladium Emulation Platform, the AST5000 ASIC is designed to support up to 10,000 MHz of processing bandwidth per satellite with data speeds up to 120 Mbps, enabling voice calls, data, and video applications through space-based cellular broadband.