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21:00
Jul 27 ◎

CDNS FY2026 Q2 Watch

Cadence Design Systems, Inc. (CDNS) FY2026 Q2 Earnings Call

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Anirudh Devgan

Cadence's hardware business (Palladium/Protium) remains supply-constrained by customer demand; systems are built as quickly as possible to meet backlog. — Persistent hardware tightness indicates that leading chip designers (including hyperscalers and semiconductor firms) are aggressively investing in verification capacity, a leading indicator of design activity.

"At Computex 2026, together with Nvidia, we introduced the industry's first fully autonomous virtual AI design engineer"

NVDA WATCH INTC WATCH

Anirudh Devgan

Cadence is deepening its partnership with Samsung on advanced nodes, likely expanding its IP and EDA footprint in Samsung's foundry ecosystem.

"We also deepen our collaboration with Samsung Foundry, on two-nanometer and 3D IC technologies, combining our AI-driven flows and design IP"

005930.KS WATCH

Anirudh Devgan

Continued collaboration with TSMC on advanced packaging for AI workloads underscores TSMC's critical role in Cadence's multi-die design ecosystem.

"With our 3D IC technology and collaboration with TSMC's 3D Fabric Advanced Packaging Solutions, we are enabling customers to confidently design cutting-edge silicon"

TSM WATCH

John Wall

Cadence's integration of Hexagon's Design & Engineering business is on track, contributing to its system design & analysis revenue but also requiring investment.

"The integration of recently acquired Hexagon's DNE business is progressing well with key deals closed with top customers."

HXGNF WATCH

Anirudh Devgan

Management raised full-year guidance significantly (19% revenue growth) citing broad-based strength, record backlog, and accelerating AI/agentic AI demand — a clearly bullish signal.

"we are raising our guidance for the year to 19% revenue growth and with higher profitability as we become more central to our customers as a strategic and trusted partner."

CDNS WATCH

Anirudh Devgan

Cadence secured its first Tensilica DSP design win with STMicroelectronics, signaling STM's increasing investment in automotive/audio DSP capabilities. — Adoption of Cadence's DSP IP suggests STM is expanding its product roadmap in automotive and audio, areas with high growth potential.

"We secured our first-ever Tensilica DSP design win with ST Microelectronics, reinforcing our strength in automotive and audio applications."

STM WATCH

John Wall

"hardware still remains supply constrained by customer demand rather than demand constrained. And we're building the systems as quickly as we can to deliver against the backlog."

AMD WATCH

HIGH

21:00
Apr 27 ◎

CDNS FY2026 Q1 Watch

Cadence Design Systems, Inc. (CDNS) FY2026 Q1 Earnings Call

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Anirudh Devgn

Tesla's silicon shortage highlights growing demand for complex chips, benefiting Cadence's EDA and IP businesses in the automotive/robotics sector.

"companies like Tesla mentioning that they don't have enough silicon because of physical AI."

TSLA WATCH

Anirudh Devgn

MediaTek is expanding its use of Cadence's newest AI-driven EDA offerings, indicating deepening engagement and likely increased spending.

"we furthered our long-standing partnership with MediaTek through a wide-ranging expansion across our new agentic AI offerings and core EDA, 3DIC, and system analysis solutions."

MDTKF WATCH

Anirudh Devgn

Cadence and Google are jointly developing cloud-native agentic AI solutions for chip design, strengthening Google Cloud's EDA positioning.

"We announced a strategic collaboration with Google to optimize the chip stack AI super agent with Gemini on Google Cloud."

GOOGL WATCH

Anirudh Devgn

The collaboration combines Cadence's agentic AI with NVIDIA technologies to accelerate engineering workflows, benefiting both companies' positions in physical AI.

"we announced an expanded partnership on AI and robotics with NVIDIA."

NVDA WATCH

Anirudh Devgn

Samsung's advanced-node foundry requires more EDA and IP as design activity increases, providing cross-company tailwinds for Cadence.

"there are at least three other major foundries, as you know, Samsung, Intel, and Rapidus at advanced nodes, and then Global and others at mainstream nodes."

005930.KS WATCH

Anirudh Devgn

GlobalFoundries' mainstream-node design activity adds incremental IP demand for Cadence.

"there are at least three other major foundries, as you know, Samsung, Intel, and Rapidus at advanced nodes, and then Global and others at mainstream nodes."

GFS WATCH

Anirudh Devgn

Intel needs to invest more in 14A and be more ready for its foundry ramp, indicating Intel's advanced-node foundry business is still in early stages and may require significant EDA/IP support. — Intel's increased investment in 14A IP and EDA readiness could lead to a large IP deal for Cadence, but also signals that Intel's foundry customer traction is still scaling.

"We are actually pleased with our discussions with Intel, with Lip-Bu and team on 18A and especially on 14A. I think Intel realizes they need to invest more in 14A and this time be more ready."

INTC WATCH

Anirudh Devgn

Management raised full-year revenue growth and margin expectations, signaling strong demand across EDA, IP, and system design, particularly from agentic AI and physical AI drivers.

"Given the accelerating momentum of our business, we are raising our 2026 revenue growth outlook to 17% and expect to achieve the rule of 60 for the first time."

CDNS WATCH

HIGH

22:00
Feb 17 ◎

CDNS FY2025 Q4 Watch

Cadence Design Systems, Inc. (CDNS) FY2025 Q4 Earnings Call

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Anir Devgn

Qualcomm has endorsed Cadence's agentic AI tool, showing adoption of new AI-driven EDA tools at a major customer.

"ChipStack has received compelling endorsements from Qualcomm, NVIDIA, Altera, and TenStoren, among others."

QCOM WATCH

Anir Devgn

NVIDIA's endorsement is a strong signal of Cadence's agentic AI solution credibility with the leading AI chip designer.

"ChipStack has received compelling endorsements from Qualcomm, NVIDIA, Altera, and TenStoren, among others."

NVDA WATCH

Anir Devgn

Altera (a leading FPGA company) endorsing ChipStack suggests AI-driven EDA tools are finding traction in FPGA design.

"ChipStack has received compelling endorsements from Qualcomm, NVIDIA, Altera, and TenStoren, among others."

ALTR WATCH

Anir Devgn

Partnership with Intel Foundry provides an upside opportunity for Cadence if Intel's foundry business ramps WinFoundry customers.

"We strengthened our engagement with Intel Foundry by officially joining the Intel Foundry Accelerator Design Services Alliance."

INTC WATCH

Anir Devgn

Infineon standardizing on Cadence's PCB design tool is a notable win in the system design/PCB segment.

"Earlier in Q3, Infineon standardized on Allegro X"

IFNNY WATCH

Anir Devgn

STMicro adopting Allegro X is a major competitive win in the PCB design market, likely displacing a competitor.

"In Q4, STMicroelectronics decided to adopt our Allegro X solution to design printed circuit boards."

STM WATCH

Anir Devgn

Broadcom is a key AI customer for Cadence; the strategic collaboration indicates a strong, deeper relationship and continued design activity at Broadcom.

"We deepened our longstanding partnership with Broadcom through a strategic collaboration to develop pioneering agentic AI workflows"

AVGO WATCH

Anir Devgn

Strong partnership with TSMC indicates Cadence's tools are certified for cutting-edge process nodes, a key competitive moat.

"We expanded our collaboration with TSMC to power next-gen AI flows on TSMC's N2 and A16 technologies."

TSM WATCH

Anir Devgn

Samsung's adoption of Cadence's AI-driven tools indicates a key foundry partner is standardizing on Cadence for advanced nodes.

"Samsung Foundry expanded its collaboration with Cadence, leveraging our AI-driven design solutions and IP solutions."

005930.KS WATCH

Anir Devgn

The Hexagon acquisition is strategic for Cadence's physical AI strategy, bringing in automotive/robotics simulation software revenue.

"With our previously announced acquisition of Hexagon's D&E business, we'll be poised to accelerate our strategy around physical AI"

HXGBY WATCH

HIGH

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