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Cadence Design Systems (CDNS) Earnings Date, Estimates & Call Transcripts

Cadence Design Systems logo
$311.87 +5.36 (+1.75%)
(As of 11/22/2024 ET)

Cadence Design Systems Latest Earnings Summary

Upcoming Q4
Earnings Date
Feb. 10Estimated
Actual EPS
(Oct. 28)
$1.64 Beat By $0.20
Consensus EPS
(Oct. 28)
$1.44

Cadence Design Systems released Q3 2024 earnings on October 28, 2024, reporting an EPS of $1.64, which beat the consensus estimate of $1.44 by $0.20. Quarterly revenue rose 18.8% year-over-year to $1.22 billion, above the consensus estimate of $1.18 billion. With a trailing EPS of $3.81 and a P/E Ratio of 81.86, Cadence Design Systems' earnings are expected to grow 17.89% next year, from $4.75 to $5.60 per share.

CDNS Upcoming Earnings

Cadence Design Systems' next earnings date is estimated for Monday, February 10, 2025, based off prior year's reporting schedules.

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CDNS Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

CDNS Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Cadence Design Systems Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateCompany Guidance
Q1 20243$0.85$1.03$0.971.100 - 1.140
Q2 20243$0.95$1.09$1.001.200 - 1.240
Q3 20243$1.08$1.16$1.111.390 - 1.490
Q4 20243$1.27$1.64$1.461.780 - 1.840
FY 202412$4.15$4.92$4.55 
Q1 20252$1.10$1.21$1.16 
Q2 20252$1.22$1.27$1.25 
Q3 20252$1.35$1.35$1.35 
Q4 20252$1.57$1.58$1.58 
FY 20258$5.24$5.41$5.33 
Q1 20261$1.51$1.51$1.51 
Q2 20261$1.58$1.58$1.58 

Cadence Design Systems Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueLinks
2/10/2025
(Estimated)
------- 
10/28/2024Q3 2024$1.44$1.64+$0.20$1.63$1.18B$1.22B    
7/22/2024Q2 2024$1.22$1.28+$0.06$1.08$1.04B$1.06B      
4/22/2024Q1 2024$1.1280$1.17+$0.0420$0.79$1.00B$1.01B      
2/12/2024Q4 2023$1.33$1.38+$0.05$0.93$1.06B$1.07B      
10/23/2023Q3 2023$1.20$1.26+$0.06$1.09$1.00B$1.02B        
7/24/2023Q2 2023$1.18$1.22+$0.04$1.07$975.99M$977.00M        
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4/24/2023Q1 2023$1.2480$1.29+$0.0420$1.15$1.01B$1.02B        
2/13/2023Q4 2022$0.92$0.96+$0.04$0.62$884.23M$899.88M      

Cadence Design Systems Earnings - Frequently Asked Questions

Cadence Design Systems has not confirmed its next earnings publication date, but the company's estimated earnings date is Monday, February 10th, 2025 based off last year's report dates. Learn more on CDNS's earnings history.

Cadence Design Systems updated its FY 2024 earnings guidance on Monday, October, 28th. The company provided EPS guidance of 5.870-5.930 for the period, compared to the consensus estimate of 5.890. The company issued revenue guidance of $4.6 billion-$4.7 billion, compared to the consensus revenue estimate of $4.6 billion.

In the previous quarter, Cadence Design Systems (NASDAQ:CDNS) reported $1.64 earnings per share (EPS) to beat the analysts' consensus estimate of $1.44 by $0.20. Learn more on analysts' earnings estimate vs. CDNS's actual earnings.

The conference call for Cadence Design Systems's latest earnings report can be listened to online.
Listen to Conference Call

The conference call transcript for Cadence Design Systems's latest earnings report can be read online.
Read Transcript

Cadence Design Systems (NASDAQ:CDNS) has a recorded annual revenue of $4.09 billion.

Cadence Design Systems (NASDAQ:CDNS) has a recorded net income of $1.04 billion. CDNS has generated $3.81 earnings per share over the last four quarters.

Cadence Design Systems (NASDAQ:CDNS) has a trailing price-to-earnings ratio of 81.86 and a forward price-to-earnings ratio of 65.66. The price/earnings-to-growth ratio is 4.16.

Cadence Design Systems's earnings are expected to grow from $4.75 per share to $5.60 per share in the next year, which is a 17.89% increase.

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This page (NASDAQ:CDNS) was last updated on 11/24/2024 by MarketBeat.com Staff
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