Cadence Design Systems Inc. (CDNS) reported Q1 2026 results with revenue of $1.47 billion, up 18.7% year-over-year. Gross profit was $1.26 billion (up 17.2%), operating profit reached $431.3 million (up 19.3%), and net income attributable to common shareholders was $335.7 million (up 22.7%). Diluted earnings per share came in at 1.23, a 23.0% increase versus the prior year.
On the cash-flow and balance-sheet side, cash from operating activities was $355.8 million, down 27.0% year-over-year, while capital expenditures (purchases of property, plant and equipment) rose to $48.8 million, up 111.7% YoY. Cash and cash equivalents stood at $1.41 billion, a decline of 49.4% year-over-year. Cost of sales was $214.5 million (up 28.4%), and total liabilities increased to $5.54 billion (+30.7% YoY).
Compared with Street expectations, reported revenue was slightly below the consensus of $1.48 billion, and reported EPS of 1.23 trailed an estimate of 1.94. The stock moved about 2.7% since market close following the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Cadence Design Systems Inc. Insider Trading Activity
Cadence Design Systems Inc. insiders have traded $CDNS stock on the open market 40 times in the past 6 months. Of those trades, 0 have been purchases and 40 have been sales.
Here’s a breakdown of recent trading of $CDNS stock by insiders over the last 6 months:
- JOHN M WALL (Sr. VP & CFO) has made 0 purchases and 5 sales selling 49,305 shares for an estimated $15,510,947.
- ANIRUDH DEVGAN (President and CEO) has made 0 purchases and 7 sales selling 25,550 shares for an estimated $8,619,279.
- CHIN-CHI TENG (Sr. Vice President) has made 0 purchases and 3 sales selling 18,096 shares for an estimated $5,914,007.
- PAUL SCANNELL (Sr. Vice President) has made 0 purchases and 2 sales selling 5,490 shares for an estimated $1,863,494.
- PAUL CUNNINGHAM (Sr. Vice President) has made 0 purchases and 6 sales selling 6,000 shares for an estimated $1,841,660.
- ITA M BRENNAN has made 0 purchases and 15 sales selling 360 shares for an estimated $113,851.
- MOSHE GAVRIELOV has made 0 purchases and 2 sales selling 25 shares for an estimated $7,898.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
Cadence Design Systems Inc. Hedge Fund Activity
We have seen 690 institutional investors add shares of Cadence Design Systems Inc. stock to their portfolio, and 662 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 11,429,245 shares (-75.5%) from their portfolio in Q4 2025, for an estimated $3,572,553,402
- J. STERN & CO. LLP added 2,924,470 shares (+10159.3%) to their portfolio in Q4 2025, for an estimated $914,130,832
- BLACKROCK, INC. removed 2,686,173 shares (-9.3%) from their portfolio in Q4 2025, for an estimated $839,643,956
- WELLINGTON MANAGEMENT GROUP LLP added 1,751,290 shares (+218.4%) to their portfolio in Q4 2025, for an estimated $547,418,228
- JENNISON ASSOCIATES LLC removed 1,016,098 shares (-11.6%) from their portfolio in Q4 2025, for an estimated $317,611,912
- ASSENAGON ASSET MANAGEMENT S.A. removed 900,279 shares (-80.1%) from their portfolio in Q1 2026, for an estimated $247,216,703
- FRANKLIN RESOURCES INC removed 860,775 shares (-21.8%) from their portfolio in Q4 2025, for an estimated $269,061,049
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
Cadence Design Systems Inc. Government Contracts
We have seen $2,144,675 of award payments to $CDNS over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- FY25 FIDELITY POINTWISE RENEWAL: $179,256
- CADENCE SOFTWARE SUPPORT AND MAINTENANCE: $175,333
- LARC FY25 POINTWISE CENTER CONSOLIDATED RENEWAL: $139,560
- ANSA RENEWAL: $118,745
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
Cadence Design Systems Inc. Analyst Ratings
Wall Street analysts have issued reports on $CDNS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Overweight" rating on 02/18/2026
- Needham issued a "Buy" rating on 02/18/2026
- Citigroup issued a "Buy" rating on 11/24/2025
To track analyst ratings and price targets for Cadence Design Systems Inc., check out Quiver Quantitative's $CDNS forecast page.
Cadence Design Systems Inc. Price Targets
Multiple analysts have issued price targets for $CDNS recently. We have seen 6 analysts offer price targets for $CDNS in the last 6 months, with a median target of $372.5.
Here are some recent targets:
- Blair Abernethy from Rosenblatt set a target price of $360.0 on 04/24/2026
- Charles Shi from Needham set a target price of $400.0 on 04/20/2026
- Clarke Jeffries from Piper Sandler set a target price of $319.0 on 02/18/2026
- Lee Simpson from Morgan Stanley set a target price of $370.0 on 02/18/2026
- Joe Quatrochi from Wells Fargo set a target price of $375.0 on 02/18/2026
- Kelsey Chia from Citigroup set a target price of $385.0 on 11/24/2025
