Cadence Design System Inc Stock Price, News & Analysis

Cadence Design Systems (Nasdaq: CDNS) is expanding its collaboration with Arm to enhance hyperscale computing and 5G SoC development using Cadence tools alongside Arm's Neoverse V1 and N2 platforms. This initiative follows successful implementations with the Neoverse N1 platform, utilizing Cadence's digital and verification flows optimized for advanced 5nm and 7nm technologies. Customers will benefit from Rapid Adoption Kits (RAKs) aimed at improving power, performance, and area (PPA) efficiency, as well as a comprehensive verification flow that ensures high throughput for Arm Neoverse-based SoCs.

Cadence Design Systems (Nasdaq: CDNS) reported first quarter 2021 revenue of $736 million, up from $618 million a year ago. The company achieved a GAAP operating margin of 28% and net income of $187 million, or $0.67 per share, compared to $124 million and $0.44 per share in Q1 2020. Non-GAAP metrics show an operating margin of 38% and net income of $231 million, or $0.83 per share. Cadence raised its 2021 revenue outlook to between $2.88 billion and $2.93 billion, with guided net income per share projected at $2.99 to $3.07.

Cadence Design Systems (Nasdaq: CDNS) has launched two new DSP IP cores: the Tensilica Vision Q8 and Vision P1, enhancing its DSP product family for embedded vision and AI. The Vision Q8 delivers an impressive 3.8 TOPS, doubling performance and memory bandwidth over its predecessor, while the Vision P1 is optimized for low-power, always-on smart sensor applications. Both DSPs support various programming models and certifications, catering to automotive and consumer markets. The Vision Q8 is available now, with the Vision P1 set for release in Q2 2021.

Cadence Design Systems (Nasdaq: CDNS) announced that its Pegasus Verification System has been certified for Samsung Foundry’s 5nm and 7nm process technologies. This collaboration enhances the physical verification flow, enabling customers to achieve signoff accuracy in mobile and hyperscale markets. The system offers massive scalability for faster turnaround times, integrated design-for-manufacturing capabilities, and seamless interaction with the Cadence Virtuoso Layout Suite. This certification aligns with Cadence's Intelligent System Design strategy, aimed at improving design productivity and predictability.

Cadence Design Systems (NASDAQ: CDNS) has acquired Pointwise, a leader in mesh generation for computational fluid dynamics (CFD). This acquisition enhances Cadence's Intelligent System Design strategy by broadening its CFD capabilities alongside the recent NUMECA acquisition. Pointwise’s robust mesh generation technology addresses the aerospace industry's need for high-fidelity simulations, contributing to accurate CFD results. The financial details of the transaction remain undisclosed, but it is expected to have an immaterial impact on revenue and earnings this year.

Cadence Design Systems (NASDAQ: CDNS) will host its first quarter financial results webcast on April 26, 2021, at 2:00 p.m. Pacific Time, featuring CEO Lip-Bu Tan, President Anirudh Devgan, and CFO John Wall. The recording will be accessible online from 5:00 p.m. Pacific Time on April 26 until 5:00 p.m. Pacific Time on June 18, 2021. Cadence is a leader in electronic design, with over 30 years of expertise in computational software, serving dynamic markets including consumer electronics, 5G, automotive, and healthcare.

Cadence Design Systems (Nasdaq: CDNS) announced the optimization of its Cadence digital 20.1 full flow for Samsung Foundry's advanced-process technologies down to 4nm. This collaboration is aimed at enhancing power, performance, and area (PPA) for hyperscale computing applications. The new flow features advanced technologies, including iSpatial for seamless synthesis, machine learning capabilities, and enhanced design processes, thereby improving designer productivity and silicon performance. Cadence's RTL-to-GDS flow supports efficient SoC design, aligning with the growing demand for HPC capacity.

Cadence Design Systems (Nasdaq: CDNS) launched the Palladium Z2 and Protium X2 systems, enhancing capabilities for handling complex system designs. These next-gen platforms offer 2X capacity and 1.5X performance improvements, enabling faster pre-silicon hardware debug and software validation for multi-billion-gate SoC designs. The Palladium Z2 can compile 10 billion gates in under 10 hours, while the Protium X2 does it in less than 24 hours. Both systems are expected to significantly optimize design workflows, with general availability slated for Q2 2021.

Cadence Design Systems (Nasdaq: CDNS) has successfully collaborated with GLOBALFOUNDRIES (GF) to tape out a Cadence Tensilica test chip on the GF 22FDX platform. This design utilized Cadence's digital full flow and Adaptive Body Bias (ABB) IP, achieving ultra-low power and voltage results. The Tensilica HiFi 5 and Fusion F1 DSPs are tailored for high-growth markets like IoT and voice processing. The full flow enhances signoff convergence, power, performance, and area metrics, catering to designers in portable device markets. Key benefits include reduced project times and energy efficiency.