San Jose, California-based Cadence Design Systems, Inc. (CDNS) develops computational, AI-driven software, hardware, and silicon intellectual property (IP) products and solutions. Valued at a market cap of $95.4 billion, the company offers products and tools that help customers to design electronic products through the System Design Enablement (SDE) strategy. The company also offers software, hardware, services and reusable IC design blocks to electronic systems and semiconductor customers.
CDNS shares have lagged behind the broader market over the past year and surged 7.6% compared to the S&P 500 Index ($SPX) 24.3% surge. However, in 2026, the stock has grown nearly 10.7%, outperforming the SPX’s 8.1% rise.