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Cadence Design Systems
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Latest analysis
Updated Jul 29, 2026
Cadence Q2 2026: Revenue surges 24% YoY to $1.58B, China rebounds 96% as EDA demand accelerates across all geographies
Cadence Design Systems delivered Q2 2026 total revenue of $1,584.5 million, up 24% year-over-year from $1,275.4 million, driven by broad-based growth in software, hardware, and IP offerings compounded by recovery from 2025 BIS export license disruptions in China. China revenue nearly doubled QoQ, rising 96% to $236.2 million, and now represents 15% of total revenue versus 9% a year ago — a structural shift that concentrates export-control risk materially. The company disclosed a confirmed cybersecurity breach in Q1 2026 in which a threat actor extracted source code, test files, and configuration data, a material operational risk now formalized in updated Risk Factors.
Tone: bullishRevenue
$5.3B
CDNS 10-K · FY 2025
Employees
13,800
Revenue FY2024
$4.6B
Headquarters
San Jose, CA
Profile
CDNS 10-K Item 1 · Feb 19, 2026Cadence Design Systems develops computational, AI-driven software, accelerated hardware, and silicon intellectual property products for semiconductor and electronic systems design. Its Intelligent System Design strategy spans Core EDA, Semiconductor IP, and System Design and Analysis. Customers include semiconductor manufacturers and systems companies across automotive, data center, mobile, aerospace, and life sciences markets.
Read filing description ↓ Collapse description ↑
Cadence is a global technology leader that develops computational, AI-driven software, accelerated hardware, and silicon intellectual property ('IP') products and solutions. Our customers include semiconductor companies that design and manufacture integrated circuits ('ICs'), as well as systems companies that design and manufacture electromechanical systems containing various types of semiconductor and other electronics. Our products and solutions empower our customers to design and verify and bring to life new and innovative products. Our mission is to empower the world's most innovative companies to deliver extraordinary electronic products that drive the global economy and improve everyday life. Our ISD strategy focuses on three key pillars: Design Excellence, System Innovation, and Pervasive Intelligence. Design Excellence leverages core expertise in AI-driven computational software and accelerated computing to deliver industry-leading electronic design, analysis, and verification products. System Innovation applies AI-driven computational expertise to multiphysics-based analysis of systems containing electronic devices, such as PCBs, advanced packaging technologies, and 3D-ICs. Pervasive Intelligence integrates AI training, inference, and reasoning algorithms into products and solutions, enabling customers to optimize performance, productivity, and design quality. Our business growth is fueled by the transformative impact of AI and the increasing complexity of semiconductors and electronic system design. We view AI as driving opportunities across three horizons: Infrastructure AI powered by demand for HPC and AI chips for data centers and hyperscalers; Physical AI embedding AI into autonomous vehicles and industrial robotics; and Life Sciences AI applying computational science to biology and drug discovery.
Primary products
- Virtuoso
- Innovus
- Jasper Formal Verification Platform
- Xcelium Parallel Logic Simulation Platform
- Verisium
- Palladium Enterprise Emulation Platform
Business segments
End markets
Geographies
Named competitors
“Our success hinges on providing comprehensive, integrated solutions that address the growing complexity of semiconductor and systems design.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue grew from $4.641 billion in fiscal 2024 to $5.297 billion in fiscal 2025, driven by growth in both product and maintenance and services revenue.
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