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AI brief of an SEC Form 8-K · Cadence Design Systems (CDNS)

Cadence reports 14% revenue growth for 2025 and forecasts $5.9-6.0 billion 2026 revenue

Positive Impact 3 of 5 earnings Written later

Cadence reported fourth-quarter 2025 revenue of $1.440 billion, up from $1.356 billion a year earlier, and fiscal 2025 revenue of $5.297 billion, up from $4.641 billion. Fiscal 2025 GAAP diluted earnings per share rose to $4.06 from $3.85, while GAAP operating margin fell to 28.2% from 29.1%. For 2026, Cadence expects GAAP diluted EPS of $4.95 to $5.05 and non-GAAP diluted EPS of $8.05 to $8.15, excluding its pending Hexagon design and engineering acquisition.

Key points

  • Q4 2025 revenue was $1.440 billion versus $1.356 billion in Q4 2024; GAAP diluted EPS was $1.42 versus $1.24.
  • Fiscal 2025 non-GAAP diluted EPS was $7.14 versus $5.97 in 2024; GAAP operating margin was 28.2% versus 29.1%.
  • 2026 outlook: revenue of $5.9 billion to $6.0 billion and non-GAAP diluted EPS of $8.05 to $8.15, excluding the pending Hexagon D&E acquisition.
  • Q1 2026 outlook: revenue of $1.420 billion to $1.460 billion, with approximately $200 million expected for share repurchases in the quarter.

The filing

CompanyCadence Design Systems (CDNS)
Form8-K, current report
Filed with the SECFeb 17, 2026, 4:02 PM ET
Accession number0000813672-26-000013

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 February 17, 2026.

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.