What to Expect From Cadence Design Systems' Next Quarterly Earnings Report

Valued at a market cap of $71.2 billion, Cadence Design Systems, Inc. (CDNS) provides software, hardware, and other services that help customers to design electronic products. The San Jose, California-based company’s core electronic design automation (EDA) software and services enable engineers to develop different types of Integrated Circuits (IC). It is expected to announce its fiscal Q1 earnings for 2025 after the market closes on Monday, Apr. 28.

Prior to this event, analysts project this software company to report a profit of $1.17 per share, up 37.7% from $0.85 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the last four quarters, while missing on two other occasions. Its earnings of $1.49 per share in the previous quarter fell short of the consensus estimates by 1.3%.