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

$281.02
-0.74 (-0.26%)
(As of 10:35 AM ET)

Earnings Summary

Upcoming
Earnings Date
Jul. 22Estimated
Actual EPS
(Apr. 22)
$1.17 Beat By $0.04
Consensus EPS
(Apr. 22)
$1.13
Skip Charts & View Estimated and Actual Earnings Data

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$1.09$1.23$1.141.200 - 1.240
Q3 20243$1.16$1.27$1.23 
Q4 20243$1.27$1.43$1.37 
FY 202412$4.37$4.96$4.71 
Q1 20252$1.12$1.16$1.14 
Q2 20252$1.22$1.36$1.29 
Q3 20252$1.31$1.45$1.38 
Q4 20252$1.52$1.56$1.54 
FY 20258$5.17$5.53 $5.35

CDNS Earnings Date and Information

Cadence Design Systems last announced its quarterly earnings results on April 22nd, 2024. The software maker reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.04. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Its quarterly revenue was down 1.2% compared to the same quarter last year. Cadence Design Systems has generated $3.84 earnings per share over the last year ($3.84 diluted earnings per share) and currently has a price-to-earnings ratio of 73.4. Earnings for Cadence Design Systems are expected to grow by 21.41% in the coming year, from $4.81 to $5.84 per share. Cadence Design Systems has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Monday, July 22nd, 2024 based off prior year's report dates.

Cadence Design Systems Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
7/22/2024
Estimated)
------- 
4/22/2024Q1 2024$1.1280$1.17+$0.0420$0.79$1.00 billion$1.01 billion    
2/12/2024Q4 2023$1.33$1.38+$0.05$0.93$1.06 billion$1.07 billion    
10/23/2023Q3 2023$1.20$1.26+$0.06$1.09$1.00 billion$1.02 billion      
7/24/2023Q2 2023$1.18$1.22+$0.04$1.07$975.99 million$977.00 million      
4/24/2023Q1 2023$1.2480$1.29+$0.0420$1.15$1.01 billion$1.02 billion      
2/13/2023Q4 2022$0.92$0.96+$0.04$0.62$884.23 million$899.88 million    
10/24/2022Q3 2022$0.76$0.79+$0.03$0.90$868.85 million$902.55 million      
7/25/2022Q2 2022$0.96$1.08+$0.12$1.02$835.01 million$858.00 million      
4/25/2022Q1 2022$0.83$0.95+$0.12$1.05$859.63 million$902.00 million      
2/22/2022Q4 2021$0.60$0.67+$0.07$0.71$757.36 million$773.04 million    
10/24/2021Q3 2021$0.75$0.80+$0.05$0.67$741.84 million$750.90 million    
7/25/2021Q2 2021$0.76$0.86+$0.10$0.86$715.77 million$728.29 million    
4/25/2021Q1 2021$0.75$0.83+$0.08$0.67$717.79 million$736.03 million  

Cadence Design Systems Earnings - Frequently Asked Questions

When is Cadence Design Systems's earnings date?

Cadence Design Systems has not confirmed its next earnings publication date, but the company's estimated earnings date is Monday, July 22nd, 2024 based off last year's report dates. Learn more on CDNS's earnings history.

Did Cadence Design Systems beat their earnings estimates last quarter?

In the previous quarter, Cadence Design Systems (NASDAQ:CDNS) reported $1.17 earnings per share (EPS) to beat the analysts' consensus estimate of $1.13 by $0.04. Learn more on analysts' earnings estimate vs. CDNS's actual earnings.

How can I listen to Cadence Design Systems's earnings conference call?

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

How can I read Cadence Design Systems's conference call transcript?

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

How much revenue does Cadence Design Systems generate each year?

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

How much profit does Cadence Design Systems generate each year?

Cadence Design Systems (NASDAQ:CDNS) has a recorded net income of $1.04 billion. CDNS has generated $3.84 earnings per share over the last four quarters.

What is Cadence Design Systems's price-to-earnings ratio?

Cadence Design Systems (NASDAQ:CDNS) has a trailing price-to-earnings ratio of 73.38 and a forward price-to-earnings ratio of 58.58. The price/earnings-to-growth ratio is 3.47.

What is Cadence Design Systems's EPS forecast for next year?

Cadence Design Systems's earnings are expected to grow from $4.81 per share to $5.84 per share in the next year, which is a 21.41% increase.


More Earnings Resources from MarketBeat

This page (NASDAQ:CDNS) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners