Trump announces trade deal with EU following months of negotiations
SAN JOSE, Calif. - Cadence Design Systems, Inc. (NASDAQ:CDNS) reported better-than-expected first quarter results and raised its full-year 2025 guidance, though shares slipped 1.1% in after-hours trading.
The electronic design automation software company posted adjusted earnings per share of $1.57 for Q1, surpassing analyst estimates of $1.49. Revenue grew 23% YoY to $1.24 billion, in line with expectations.
"Cadence delivered excellent results for the first quarter of 2025 with robust ongoing customer demand for our innovative technologies driving 23% revenue growth and 34% non-GAAP EPS growth year-over-year," said Anirudh Devgan, president and CEO.
The company saw broad-based strength across its business segments. Core EDA revenue rose 16% YoY, while semiconductor IP revenue surged 40%. System design and analysis revenue jumped over 50%.
For the full year 2025, Cadence raised its outlook, now expecting revenue between $5.15 billion and $5.23 billion, up from its prior range of $5.19 billion. It also boosted its adjusted EPS forecast to $6.73-$6.83, above the previous $6.72 consensus.
CFO John Wall noted the company is "tracking ahead of our original forecast for 2025, allowing us to raise our full year outlook."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.