Cadence Design Systems Inc

Company facts

Industry

Services-Prepackaged Software

Headquarters

San Jose, California

Most recent report

10-Q, filed Jul 29, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 813672

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 1 positive, 6 notable, and 0 negative flags.

• Financial Statements (Item 1)

  Acquisition, revenue up 24%, cash down 52% from year-end; key numbers inside.
  Notable

  • Acquired Hexagon D&E for $2.9B in Feb 2026: $2.2B cash + 3.2M shares ($902M).
  • Backlog (contracted but unsatisfied) $8.1B as of June 30, 2026, up from $8.0B in March.

• Management's Discussion (Item 2)

  Real operating results with large revenue jump, margin gain, and cash deployment.
  Positive

  • Board added $1.5B to buyback authorization in May 2025; $1.0B remains.
  Notable

  • D&E acquisition closed Feb 23, 2026, expanding SD&A portfolio.
  • No borrowings on $1.25B credit facility as of June 30, 2026 (was $425M at March 31).

• Market Risk (Item 3)

  Company-specific numbers on hedging, debt repayment, and sensitivity shifts.
  Notable

  • Sensitivity sign changed: a 10% weaker USD now decreases fair value by $12.0M, versus an increase of $5.8M last quarter.
  • Credit Facility borrowings dropped from $425.0M at March 31 to $0 at June 30, 2026, a significant deleveraging event.

What changed: Jun 2026 vs. Mar 2026

About 6% of CDNS's Jun 2026 10-Q is new information. 18 paragraphs were added, 173 changed, and 15 removed. Below are the most important lines SECSift identified.

• Item 1 60
• Item 2 60
• Item 3 5
• Item 6 3
• Item 4 3
• Item 1A 3
• Item 5 2