Cadence (CDNS) FY24 Q1 Earning Report Viz & MA Analysis

Cadence Design Systems, Inc. , headquartered in San Jose, California, is an American multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware, and silicon structures for designing integrated circuits, systems on chips (SoCs), and printed circuit boards.

Cadence (CDNS) FY23 Q4 Earning Report Viz & MA Analysis

Summary

• $1.09B in sales (10% upfront), $0.91 in non-GAAP EPS. 36 days in DSO (Days Sales Outstanding). $6B in backlog.
• Q2 outlook, $1.03B-$1.05B in sales, $0.73-$0.77 in non-GAAP EPS.
• Acquisition of BETA CAE are now extending it to structural analysis, unlocking a multi-billion $ TAM opportunity with strong footprint in the automotive and aerospace verticals.
• AI Profound impact: the…