# CDNS · Cadence Design Systems Inc

Snapshot 2026-10-26 · CIK 0000813672 · Nasdaq · Services-Prepackaged Software

Price 316.49 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 87.16 B

Machine-readable: https://theclaudetrader.com/s/CDNS.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 41.1 (partial: 2b) · complete: False · missing tests: 2b · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2015–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 5.3 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 1.74  · threshold >= 2.0 · points 11.1/15
- 2b Long-term debt vs working capital: None  · threshold <= 1.0 · points None/15
- 3 Positive earnings each of 10 years: 10 of 10  · threshold 10 of 10 · points 15.0/15
- 4 Dividends every year for 20 years: 0 of 20  · threshold 20 of 20 · points 0.0/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: 0.68 -> 3.91 (+478%)  · threshold >= +33% · points 10.0/10
- 6 P/E on 3-year average EPS: 80.9  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 12.71, product 1028.7  · threshold <= 1.5 or <= 22.5 · points 0.0/10

Inputs:
  - Price (close, per traded unit): 316.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 5296759000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - current_assets: 3221893000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - current_liabilities: 1848842000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - equity: 6857963000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - Net income FY2016: 203086000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367219000008/ · unverified
  - Net income FY2017: 204101000.0 · 2017-12-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367220000007/ · unverified
  - Net income FY2018: 345777000.0 · 2018-12-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367221000021/ · unverified
  - Net income FY2019: 988979000.0 · 2019-12-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367222000012/ · unverified
  - Net income FY2020: 590644000.0 · 2021-01-02 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/ · unverified
  - Net income FY2021: 695955000.0 · 2022-01-01 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Net income FY2022: 848952000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified
  - Net income FY2023: 1041144000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2024: 1055484000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2025: 1108888000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Dividend years (Yahoo): [] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/CDNS/history?filter=div · unverified
  - EPS diluted FY2014: 0.52 · 2015-01-03 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367217000006/ · unverified
  - EPS diluted FY2015: 0.81 · 2016-01-02 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367218000008/ · unverified
  - EPS diluted FY2016: 0.7 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367219000008/ · unverified
  - EPS diluted FY2023: 3.82 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - EPS diluted FY2024: 3.85 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - EPS diluted FY2025: 4.06 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Shares outstanding: 275393000.0 · 2026-06-30 · SEC cover page 10-Q 0000813672-26-000092 (275,393,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/cdns-20260630.htm · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/R1.htm

### Magic Formula: — (insufficient data (debt unknown: no debt concept reported in the last 18 months)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula

### Momentum: 37.3 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: -8.4 % · threshold  · points 13.7/50
-  6 month return: 0.7 % · threshold  · points 8.6/20
-  Price / 52-week high: 0.76  · threshold  · points 11.4/15
-  Volatility penalty (60d annualised): 38.8 % · threshold  · points 3.6/15

Inputs:
  - Adjusted close series (14 months): 316.49 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold  · points -0.0/0

Inputs:
  - excluded 2026-10-15 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-10-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-15 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-10 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-10 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-10 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-10 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-26 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-25 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-25 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-25 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-25 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-25 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-21 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-17 S: 10b5-1 plan ·  · rule · 

### Buffett Quality: 70.0 (partial: 4) · complete: False · missing tests: 4 · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 46, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 28.4% over 8 yrs  · threshold >= 15% · points 25.0/25
- 2 Profitable every year: 10 of 10  · threshold all years · points 15.0/15
- 3 Net income growth, 3-yr average now vs start of window: +23.0% a year  · threshold >= +10% · points 10.0/10
- 4 Borrowings / 3-yr average earnings (years to repay): None  · threshold <= 4 · points None/15
- 5 Operating margin, 5-yr average: 28.8%  · threshold >= 20% · points 10.0/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.29  · threshold >= 1.0 · points 10.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.5%  · threshold >= 7% · points 0.0/15

Inputs:
  - Price (close, per traded unit): 316.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 345777000.0 · 2018-12-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367221000021/ · unverified
  - Equity at FY2018 end: 1288401000.0 · 2018-12-29 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367222000012/ · unverified
  - Net income FY2019: 988979000.0 · 2019-12-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367222000012/ · unverified
  - Equity at FY2019 end: 2102894000.0 · 2019-12-28 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/ · unverified
  - Net income FY2020: 590644000.0 · 2021-01-02 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/ · unverified
  - Equity at FY2020 end: 2493018000.0 · 2021-01-02 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Net income FY2021: 695955000.0 · 2022-01-01 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Equity at FY2021 end: 2740675000.0 · 2022-01-01 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified
  - Net income FY2022: 848952000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified
  - Equity at FY2022 end: 2745113000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2023: 1041144000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Equity at FY2023 end: 3404271000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2024: 1055484000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Equity at FY2024 end: 4673578000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - Net income FY2025: 1108888000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Equity at FY2025 end: 5474181000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - Net income FY2016: 203086000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367219000008/ · unverified
  - Net income FY2017: 204101000.0 · 2017-12-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367220000007/ · unverified
  - Net income FY2018: 345777000.0 · 2018-12-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367221000021/ · unverified
  - Net income FY2019: 988979000.0 · 2019-12-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367222000012/ · unverified
  - Net income FY2020: 590644000.0 · 2021-01-02 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/ · unverified
  - Net income FY2021: 695955000.0 · 2022-01-01 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Net income FY2022: 848952000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified
  - Net income FY2023: 1041144000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2024: 1055484000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2025: 1108888000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Operating income FY2021: 779089000.0 · 2022-01-01 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Revenue FY2021: 2988244000.0 · 2022-01-01 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Operating income FY2022: 1073686000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified
  - Revenue FY2022: 3561718000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified
  - Operating income FY2023: 1251225000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Revenue FY2023: 4089986000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Operating income FY2024: 1350763000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Revenue FY2024: 4641264000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Operating income FY2025: 1492042000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Revenue FY2025: 5296759000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Operating cash flow FY2021: 1100958000.0 · 2022-01-01 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Capital expenditure FY2021: 65298000.0 · 2022-01-01 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Operating cash flow FY2022: 1241894000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified

### Lynch GARP: 35.0 (partial: 4, 6) · complete: False · missing tests: 4, 6 · current inputs as of None · stale inputs: none · history 2021–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 2, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 5.57  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: +14.0% a year  · threshold 12% to 35% a year · points 20.0/20
- 3 P/E on latest annual EPS: 78.0  · threshold <= 25 · points 0.0/10
- 4 Borrowings / equity: None  · threshold <= 0.5 · points None/15
- 5 Years of the last 5 in which EPS rose: 5 of 5  · threshold 5 of 5 · points 15.0/15
- 6 Net cash (cash minus borrowings) / market cap: None  · threshold >= +10% · points None/10

Inputs:
  - Price (close, per traded unit): 316.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 4.06 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - EPS diluted FY2020: 2.11 · 2021-01-02 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/ · unverified

### Graham Enterprising: 40.0 (partial: 2) · complete: False · missing tests: 2 · current inputs as of 2026-06-30 · stale inputs: none · history 2021–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 10, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.74  · threshold >= 1.5 · points 15.0/15
- 2 Borrowings vs working capital: None  · threshold <= 1.1x · points None/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: no  · threshold yes · points 0.0/10
- 5 EPS higher than five years earlier: 2.11 -> 4.06  · threshold higher · points 10.0/10
- 6 Price / book value per share: 12.71  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 316.49 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 3221893000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - current_liabilities: 1848842000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - Net income FY2021: 695955000.0 · 2022-01-01 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/ · unverified
  - Net income FY2022: 848952000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/ · unverified
  - Net income FY2023: 1041144000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2024: 1055484000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Net income FY2025: 1108888000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - Dividend years (Yahoo): [] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/CDNS/history?filter=div
  - EPS diluted FY2025: 4.06 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - EPS diluted FY2020: 2.11 · 2021-01-02 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/ · unverified
  - equity: 6857963000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - Shares outstanding: 275393000.0 · 2026-06-30 · SEC cover page 10-Q 0000813672-26-000092 (275,393,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/cdns-20260630.htm · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/R1.htm

### Piotroski F-Score: 44.4 (partial: 5) · complete: False · missing tests: 5 · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 23, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 10.9%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 1,729M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 11.8% -> 10.9%  · threshold pass = 1 · points 0.0/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 1,729M vs 1,109M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: None  · threshold pass = 1 · points None/11.11111111111111
- 6 Current ratio improved: 2.93 -> 2.86  · threshold pass = 1 · points 0.0/11.11111111111111
- 7 No new shares issued (share count did not rise): 272M -> 275M  · threshold pass = 1 · points 0.0/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 29.1% -> 28.2%  · threshold pass = 1 · points 0.0/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.52 -> 0.52  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 1108888000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - total_assets 2025-12-31: 10153148000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - cfo 2025-12-31: 1728781000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - net_income 2025-12-31: 1108888000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - net_income 2024-12-31: 1055484000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - total_assets 2025-12-31: 10153148000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - total_assets 2024-12-31: 8974482000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - cfo 2025-12-31: 1728781000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - net_income 2025-12-31: 1108888000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - current_assets 2025-12-31: 4669673000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - current_assets 2024-12-31: 4016079000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - current_liabilities 2025-12-31: 1635291000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - current_liabilities 2024-12-31: 1370105000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - shares_out 2026-06-30: 275393000.0 · 2026-06-30 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - shares_out 2025-06-30: 272490000.0 · 2025-06-30 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/813672/000081367225000113/ · unverified
  - operating_income 2025-12-31: 1492042000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - operating_income 2024-12-31: 1350763000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - revenue 2025-12-31: 5296759000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - revenue 2024-12-31: 4641264000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - revenue 2025-12-31: 5296759000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - revenue 2024-12-31: 4641264000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified
  - total_assets 2025-12-31: 10153148000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/ · unverified
  - total_assets 2024-12-31: 8974482000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 316.49 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 275,393,000 underlying shares, period 2026-06-30, SEC cover page 10-Q 0000813672-26-000092 (275,393,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/cdns-20260630.htm, accession 0000813672-26-000092 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000092/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 87,159,130,570 USD; 316.49 (price 2026-10-23) / 1 x 275,393,000 (shares at 2026-06-30) = 87,159,130,570

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-12-28): 1460116000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367216000040/
- FY2014 (ended 2015-01-03): 1580932000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367217000006/
- FY2015 (ended 2016-01-02): 1702091000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367218000008/
- FY2016 (ended 2016-12-31): 1816083000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367219000008/
- FY2017 (ended 2017-12-30): 1943032000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367220000007/
- FY2018 (ended 2018-12-29): 2138022000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367221000021/
- FY2019 (ended 2019-12-28): 2336319000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367222000012/
- FY2020 (ended 2021-01-02): 2682891000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/
- FY2021 (ended 2022-01-01): 2988244000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/
- FY2022 (ended 2022-12-31): 3561718000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/
- FY2023 (ended 2023-12-31): 4089986000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/
- FY2024 (ended 2024-12-31): 4641264000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/
- FY2025 (ended 2025-12-31): 5296759000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-12-28): 164243000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367216000040/
- FY2014 (ended 2015-01-03): 158898000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367217000006/
- FY2015 (ended 2016-01-02): 252417000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367218000008/
- FY2016 (ended 2016-12-31): 203086000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367219000008/
- FY2017 (ended 2017-12-30): 204101000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367220000007/
- FY2018 (ended 2018-12-29): 345777000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367221000021/
- FY2019 (ended 2019-12-28): 988979000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367222000012/
- FY2020 (ended 2021-01-02): 590644000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367223000011/
- FY2021 (ended 2022-01-01): 695955000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367224000034/
- FY2022 (ended 2022-12-31): 848952000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367225000024/
- FY2023 (ended 2023-12-31): 1041144000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/
- FY2024 (ended 2024-12-31): 1055484000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/
- FY2025 (ended 2025-12-31): 1108888000.0 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-12-28): 0.56 [filed 0.56, split factor 1.0]
- FY2014 (ended 2015-01-03): 0.52 [filed 0.52, split factor 1.0]
- FY2015 (ended 2016-01-02): 0.81 [filed 0.81, split factor 1.0]
- FY2016 (ended 2016-12-31): 0.7 [filed 0.7, split factor 1.0]
- FY2017 (ended 2017-12-30): 0.73 [filed 0.73, split factor 1.0]
- FY2018 (ended 2018-12-29): 1.23 [filed 1.23, split factor 1.0]
- FY2019 (ended 2019-12-28): 3.53 [filed 3.53, split factor 1.0]
- FY2020 (ended 2021-01-02): 2.11 [filed 2.11, split factor 1.0]
- FY2021 (ended 2022-01-01): 2.5 [filed 2.5, split factor 1.0]
- FY2022 (ended 2022-12-31): 3.09 [filed 3.09, split factor 1.0]
- FY2023 (ended 2023-12-31): 3.82 [filed 3.82, split factor 1.0]
- FY2024 (ended 2024-12-31): 3.85 [filed 3.85, split factor 1.0]
- FY2025 (ended 2025-12-31): 4.06 [filed 4.06, split factor 1.0]

## Dividend years (Yahoo history)

none

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-10-15 S Cunningham Paul (Pres) 2000 @ 324.13 = 648260 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000112/#live
- 2026-10-01 S SANGIOVANNI VINCENTELLI ALBERTO (director) 1250 @ 350.07 = 437590 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000109/#live
- 2026-09-15 S Cunningham Paul (Pres) 2000 @ 277.12 = 554240 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000100/
- 2026-09-10 S Brennan Ita M (director) 6 @ 287.79 = 1727 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000099/
- 2026-09-10 S Brennan Ita M (director) 14 @ 286.47 = 4011 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000099/
- 2026-09-10 S Brennan Ita M (director) 127 @ 285.58 = 36269 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000099/
- 2026-09-10 S Brennan Ita M (director) 33 @ 284.44 = 9387 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000099/
- 2026-08-26 S Scannell Paul (Pres) 280 @ 339.00 = 94920 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000098/
- 2026-08-25 S SANGIOVANNI VINCENTELLI ALBERTO (director) 309 @ 323.54 = 99974 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000097/
- 2026-08-25 S SANGIOVANNI VINCENTELLI ALBERTO (director) 280 @ 318.33 = 89132 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000097/
- 2026-08-25 S SANGIOVANNI VINCENTELLI ALBERTO (director) 240 @ 319.31 = 76634 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000097/
- 2026-08-25 S SANGIOVANNI VINCENTELLI ALBERTO (director) 380 @ 321.16 = 122041 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000097/
- 2026-08-25 S SANGIOVANNI VINCENTELLI ALBERTO (director) 41 @ 324.66 = 13311 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000097/
- 2026-08-21 S TENG CHIN-CHI (Pres) 4732 @ 314.49 = 1488167 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000095/
- 2026-08-17 S Cunningham Paul (Pres) 2000 @ 323.32 = 646640 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000093/
- 2026-07-22 S TENG CHIN-CHI (Pres) 252 @ 336.71 = 84851 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 200 @ 340.70 = 68140 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 720 @ 335.70 = 241704 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 440 @ 342.15 = 150546 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 241 @ 342.98 = 82658 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 399 @ 343.94 = 137232 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 80 @ 345.17 = 27614 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 1968 @ 339.05 = 667250 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-22 S TENG CHIN-CHI (Pres) 200 @ 337.78 = 67556 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000085/
- 2026-07-15 S Cunningham Paul (Pres) 2000 @ 383.36 = 766720 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000084/
- 2026-06-22 S TENG CHIN-CHI (Pres) 160 @ 383.36 = 61338 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 320 @ 389.63 = 124682 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 220 @ 388.88 = 85554 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 1281 @ 387.43 = 496298 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 240 @ 385.85 = 92604 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 241 @ 384.39 = 92638 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 160 @ 390.92 = 62547 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 998 @ 382.35 = 381585 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 400 @ 381.28 = 152512 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 280 @ 379.92 = 106378 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-22 S TENG CHIN-CHI (Pres) 200 @ 379.18 = 75836 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000082/
- 2026-06-15 S Cunningham Paul (Pres) 2000 @ 391.00 = 782000 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000080/
- 2026-06-11 S PLUMMER JAMES D (director) 1511 @ 381.34 = 576205 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000079/
- 2026-06-10 S Brennan Ita M (director) 10 @ 396.67 = 3967 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000078/
- 2026-06-10 S Brennan Ita M (director) 11 @ 395.63 = 4352 · https://www.sec.gov/Archives/edgar/data/813672/000081367226000078/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0000813672
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000813672.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000813672&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000813672&type=8-K
- yahoo: https://finance.yahoo.com/quote/CDNS
- stooq: https://stooq.com/q/d/?s=cdns.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=CDNS
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=CDNS
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/cdns/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/CDNS
- openinsider (link only, nothing stored): http://openinsider.com/search?q=CDNS
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=CDNS+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/CDNS; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.