Can Cadence's Strong Free Cash Flow Keep Fueling Shareholder Returns?

Key Takeaways Cadence revenues rose 20.3% year over year to $1.275B, with margin expansion to 42.8%.Free cash flow hit $334M, backing $175M in Q2 buybacks and $550M in 2024 repurchases.2025 outlook calls for $5.21B-$5.27B revenues and $1.65B-$1.75B in operating cash flow.Cadence Design Systems Inc. (CDNS) is a prominent name in the electronic design automation (“EDA”) space. It is witnessing strong cash flow momentum as the top line expands. Broad-based demand for its solutions, especially the AI-driven por ...