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San Jose, California-based Cadence Design Systems, Inc. (CDNS) is a global leader in electronic design automation (EDA) and intelligent system design, empowering innovation in the semiconductor and electronics industries. With a market cap of $82.5 billion, Cadence delivers cutting-edge solutions across diverse segments, including chip design, system verification, and software innovation, enabling customers to develop groundbreaking technologies. The company is set to release its Q4 earnings after the market closes on Tuesday, Feb. 18.
Ahead of the event, analysts expect CDNS to report a profit of $1.51 per share, up 42.5% from $1.06 in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on other two occasions. Its adjusted earnings of $1.25 per share for the last quarter surpassed the consensus estimate by 9.7%.
