Experience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, comprehend and benefit from new ideas, technology, innovation and business models. In addition, living through multiple crises, tequila, Asia, dotcom, 9/11, the great recession and the Covid19 pandemia, plu ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was reported at $1.215 billion, reflecting a 19% year-over-year growth [20] - GAAP operating margin was 28.8%, while non-GAAP operating margin was 44.8% [20] - GAAP EPS was $0.87, and non-GAAP EPS was $1.64 [20] - Recurring revenue growth returned to low teens on a year-over-year basis [20] Business Line Data and Key Metrics Changes - System design and analysis business delivered over 40% year-over-year revenue growth in Q3 [14] - IP business achieved over 50% year-over-year revenue growth in Q3 [15] - Core EDA business, including custom, digital, and functional verification, delivered 9% year-over-year revenue growth in Q3 [16] Market Data and Key Metrics Changes - Strong design activity was noted across multiple verticals, particularly in data center and automotive sectors [7] - The digital transformation in aerospace and defense showed continued strength, with significant commitments from the US Air Force and Army [13] - Demand for AI-driven solutions and hardware systems was robust, particularly from hyperscalers [14][20] Company Strategy and Development Direction - The company is executing an intelligent system design strategy that triples its total addressable market (TAM) opportunity [8] - Continued partnerships with NVIDIA and Arm to enhance AI innovation and design enablement solutions [9][10] - Expansion of the Cadence.AI portfolio, which saw sales nearly triple over the last year [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing AI super cycle and its impact on design activity [7] - The company raised its full-year EPS outlook, indicating confidence in strong performance for the remainder of the year [6][20] - Management noted that the Q4 bookings pipeline is exceptionally strong, reminiscent of previous high-performing years [26] Other Important Information - The company had a cash balance of $2.786 billion at the end of the quarter and used $150 million for share repurchases [21] - The updated outlook for 2024 includes revenue expectations in the range of $4.61 billion to $4.65 billion [22] Q&A Session Summary Question: Insights on advanced foundry efforts and demand from China - Management noted increased global commitment to semiconductor investments and improved relationships with foundries like Intel and Samsung [25] Question: Backlog guidance and Q4 expectations - Management highlighted a strong Q4 pipeline, similar to previous years, but did not provide specific guidance for 2025 [26][30] Question: Revenue expectations from China - Management expects China revenue to be lower than last year but noted a recovery in design activity [32][73] Question: Performance of the Cadence.AI suite - Management reported strong engagement with top customers and significant improvements in performance metrics due to AI solutions [35] Question: Updates on hardware demand and supply constraints - Management confirmed strong demand for hardware but noted that inventory growth was due to strategic purchasing decisions [70] Question: Contribution from BETA CAE products - Management indicated that BETA is contributing positively, particularly in automotive, but did not provide specific revenue guidance [84]

Monday, October 28, 2024A healthy start to the trading week relied mostly on speculative valuation, as much of the factual reportage has yet to materialize. What we mean by this is most of the meaty reports with the potential to sway trading trajectories haven’t happened yet.Even still: the Dow was up +275 points, +0.65%, while the S&P 500 and Nasdaq grew +0.27% and +0.26% on the session, respectively. The small-cap Russell 2000 put up solid numbers for the day, +1.63% by the closing bell.It’s both Jobs Wee ...

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.89%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of $1.23 per share when it actually produced earnings of $1.28, deliv ...

c ā d e n c e " Exhibit 99.02 CADENCE REPORTS THIRD QUARTER 2024 | --- | --- | --- | |-----------------------------------------------------------------------------|--------------------------------------------------------------------------------------|--------------------------------------| | CFO COMMENTARY | CADENCE DESIGN SYSTEMS, INC. | | | Key Takeaways | Q4 2024 Outlook | Q3 2024 KEY METRICS | | • Q3 revenue growth of ~19% year- | • Revenue: $1.325 billion - $1.365 billion | | | over-year | • GAAP opera ...

Cadence Design Systems, Inc (CDNS) is scheduled to release third-quarter 2024 results on Oct. 28. The Zacks Consensus Estimate for third-quarter 2024 earnings has been unchanged in the past 60 days at $1.44 per share. The consensus mark implies an increase of 14.3% from the year-ago actual. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $1.18 billion, indicating a 15.7% uptick from the year-ago actual.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.CDNS’ E ...

Analysts on Wall Street project that Cadence Design Systems (CDNS) will announce quarterly earnings of $1.44 per share in its forthcoming report, representing an increase of 14.3% year over year. Revenues are projected to reach $1.18 billion, increasing 15.7% from the same quarter last year.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initia ...

Cadence Design Systems (CDNS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

The third-quarter 2024 earnings season is slowly gathering pace. The last two weeks of this month are crucial for market participants as six out of the “Magnificent 7” companies will report their quarterly financial numbers. Investors will closely monitor these results.Aside from these companies, several corporate bigwigs will report this month. We have narrowed our search to three technology giants that are set to beat on Q3 earnings results. These companies are Cadence Design Systems Inc. (CDNS) , Uber Te ...

Cadence Design Systems, Inc. (CDNS) is a leader in the electronic design automation ("EDA") space. The company’s Intelligent System Design strategy aids users to transform design concepts into reality by offering computational software, hardware and IP.In the last reported quarter, revenues of $1.061 billion topped the Zacks Consensus Estimate by 1.2% and increased 8.6% on a year-over-year basis. The figure surpassed the management’s guided range of $1.03-$1.05 billion. Expanding product portfolio as well a ...