Cadence Design Systems Inc reports results for the quarter ended June 30 - Earnings Summary

Cadence Design Systems

28/07/2025 22:01

Cadence Design Systems Inc CDNS.OQ reported quarterly adjusted earnings of $1.65​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.28.  The mean expectation of sixteen analysts for the quarter was for earnings of $1.55 per share. Wall Street expected results to range from $1.44  to $1.60 per share.

Revenue rose 20.2% to $1.28 billion from a year ago; analysts expected $1.25 billion.

Cadence Design Systems Inc's reported EPS for the quarter was 59 cents​.

The company reported quarterly net income of $160.05 million.

Cadence Design Systems Inc shares had risen by 7.8% this quarter and gained 10.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Cadence Design Systems Inc is $345.00, about 3.7% above its last closing price of $332.19

This summary was machine generated from LSEG data July 28 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
1.55
1.65
Beat
Mar. 31 2025
1.49
1.57
Beat
Dec. 31 2024
1.82
1.88
Beat
Sep. 30 2024
1.44
1.64
Beat