Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Cadence Design Systems (CDNS)

Cadence Q3 revenue rises 19% to $1.215 billion; raises 2024 non-GAAP EPS outlook

Positive Impact 4 of 5 earnings Written later

Cadence Design Systems reported third-quarter 2024 revenue of $1.215 billion, up from $1.023 billion a year earlier, and non-GAAP diluted EPS of $1.64, up from $1.26. GAAP diluted EPS fell to $0.87 from $0.93, and the company raised the midpoint of its 2024 non-GAAP EPS outlook to $5.90.

Key points

  • Q3 2024 revenue $1.215 billion vs. $1.023 billion in Q3 2023
  • Non-GAAP diluted EPS $1.64 vs. $1.26; GAAP diluted EPS $0.87 vs. $0.93
  • 2024 non-GAAP EPS outlook $5.87 to $5.93, midpoint raised to $5.90
  • 2024 revenue outlook $4.61 billion to $4.65 billion; Q4 revenue outlook $1.325 billion to $1.365 billion

The filing

CompanyCadence Design Systems (CDNS)
Form8-K, current report
Filed with the SECOct 28, 2024, 4:03 PM ET
Accession number0000813672-24-000188

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.