Every material Form 8-K Cadence Design Systems filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cadence Design Systems appointed Dr. Luc Van den hove, president and chief executive officer of imec, as a director effective January 1, 2026. He will receive an equity grant with a fair value of $82,849, subject to Compensation Committee approval, and his board committee assignment has not yet been determined.
Effective date of board appointment: January 1, 2026; committee assignment not yet determined
Equity grant with fair value of $82,849 under the 1995 Directors Stock Incentive Plan, subject to Compensation Committee approval
Grant fully vests on the earlier of May 8, 2026 or the 2026 annual meeting of stockholders, if he remains on the board
Van den hove remains imec CEO through March 31, 2026, and becomes imec board chair on April 1, 2026
Cadence reported third-quarter 2025 revenue of $1.339 billion, up from $1.215 billion a year earlier, and non-GAAP diluted earnings of $1.93 per share, up from $1.64. The company raised its full-year 2025 revenue and non-GAAP EPS outlook, and reported a record backlog of $7.0 billion, which points to stronger expected results for shareholders.
Q3 2025 revenue $1.339 billion vs $1.215 billion in Q3 2024; GAAP diluted EPS $1.05 vs $0.87
Non-GAAP diluted EPS $1.93 vs $1.64 in Q3 2024
FY 2025 revenue outlook raised to $5.262 billion–$5.292 billion from $5.210 billion–$5.270 billion; non-GAAP EPS outlook raised to $7.02–$7.08 from $6.85–$6.95
Cadence Design Systems agreed on September 4, 2025 to acquire the design and engineering business of Hexagon Smart Solutions AB for an enterprise value of €2.70 billion, including about €810 million paid in newly issued Cadence common stock. Closing is expected in the first quarter of 2026 and is subject to antitrust and foreign investment approvals, and Cadence would owe a reverse termination fee of up to €175 million if regulatory approvals fail.
Enterprise value of €2.70 billion, with about €1.89 billion paid in cash and about €810 million in Cadence stock
Cash portion to be funded from cash on hand and borrowings under existing debt facilities
Closing expected in the first quarter of 2026; outside date September 4, 2026, extendable to March 4, 2027
Reverse termination fee of up to €175 million payable by Cadence in certain regulatory failure scenarios
Cadence reached settlements with the Bureau of Industry and Security and the Department of Justice on July 27, 2025, over export law violations from 2015 to 2021 involving $45.3 million in products and services sold to a customer in China. Cadence agreed to plead guilty to one count of conspiracy to commit export controls violations and to pay $140.6 million in aggregate net penalties and forfeitures during the fiscal quarter ending September 30, 2025. The plea agreement is subject to court approval, and compliance with the administrative settlement is a condition of Cadence's continued ability to export products.
Settlements with BIS and the DOJ reached July 27, 2025
Cadence agreed to plead guilty to one count of conspiracy to commit export controls violations, with a three-year probationary term, subject to court approval
Aggregate net penalties and forfeitures of $140.6 million due during the quarter ending September 30, 2025
Administrative settlement requires two internal annual audits of export compliance programs
Cadence reported second-quarter 2025 revenue of $1.275 billion, up from $1.061 billion a year earlier, and raised its full-year 2025 revenue and non-GAAP EPS outlook. GAAP diluted EPS fell to $0.59 from $0.84 because of a $140.6 million charge tied to settlements with the U.S. Department of Justice and the Bureau of Industry and Security.
Q2 2025 revenue of $1.275 billion, up from $1.061 billion in Q2 2024
GAAP diluted EPS of $0.59 vs. $0.84 a year earlier; non-GAAP diluted EPS of $1.65 vs. $1.28
$140.6 million settlements with the DOJ and BIS resulted in a one-time charge in Q2 GAAP results
FY 2025 revenue outlook raised to $5.21 billion to $5.27 billion, from $5.15 billion to $5.23 billion
Cadence reported first quarter 2025 revenue of $1.242 billion, up from $1.009 billion a year earlier, and non-GAAP diluted EPS of $1.57, up from $1.17. The company raised its full-year 2025 revenue and non-GAAP EPS outlook, and GAAP net income rose to $273.6 million from $247.6 million.
Q1 revenue $1.242 billion vs $1.009 billion in Q1 2024; GAAP diluted EPS $1.00 vs $0.91
FY 2025 revenue outlook raised to $5.15 billion to $5.23 billion from $5.14 billion to $5.22 billion; non-GAAP EPS outlook raised to $6.73 to $6.83 from $6.65 to $6.75
Q2 2025 revenue outlook of $1.25 billion to $1.27 billion; non-GAAP EPS of $1.55 to $1.61
Repurchased $350 million of common stock in Q1 2025
Cadence reported fourth-quarter 2024 revenue of $1.356 billion, up from $1.069 billion a year earlier, and non-GAAP diluted EPS of $1.88, up from $1.38. For fiscal 2024, revenue reached $4.641 billion and non-GAAP EPS was $5.97, and the company gave 2025 guidance of $5.14 billion to $5.22 billion in revenue and $6.65 to $6.75 in non-GAAP EPS.
Q4 2024 revenue was $1.356 billion versus $1.069 billion in Q4 2023; GAAP diluted EPS was $1.24 versus $1.19.
Fiscal 2024 revenue was $4.641 billion versus $4.090 billion in 2023; non-GAAP diluted EPS was $5.97 versus $5.15.
Year-end backlog was $6.8 billion and current remaining performance obligations were $3.4 billion.
For fiscal 2025, the company expects GAAP diluted EPS of $4.19 to $4.29 and non-GAAP diluted EPS of $6.65 to $6.75.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Cadence Design Systems filing is on SEC EDGAR ↗. 8-K briefs of other companies →