handling the. >> I don't know the answer, but it's I'm assuming it's a lot. Meantime, a Figma filing its S-1.By the way, I'm. I love this company. Just so you know, because I use this stuff and I think Figma is awesome.The design software maker planning to go public on the New York Stock Exchange under the symbol F I g. I don't know if I love it as a stock just. >> Right, right.>> Full disclosure, but the product. According to the filing, Figma reported $821 million in revenue over the past year, with a 46% ...

Group 1 - Cadence Design Systems' shares dropped by 10.4% following news of potential revenue cuts from China due to U.S. government actions [1][6] - The Trump administration's Commerce Department may instruct Cadence and its competitors to cease software sales to China, impacting their revenue streams [2][3][5] - Cadence reported that China accounted for approximately 12% of its revenue, a decrease from 17% the previous year, correlating with the recent stock decline [6] Group 2 - The semiconductor industry has been experiencing growth due to the increasing variety of chips and chipmakers, but geopolitical tensions pose risks [1][5][8] - Despite the recent stock drop, the market may already be pricing in a worst-case scenario, indicating potential volatility in the sector [7][8] - The semiconductor sector has been the best-performing industry over the past decade, suggesting ongoing investment opportunities despite geopolitical challenges [8][9]

Core Insights - Cadence Design Systems is participating in the 20th Annual Needham Technology, Media, & Consumer Conference, indicating its ongoing engagement with investors and the market [1][2] - The company has shown consistent growth, with its top line increasing in low double digits, and maintaining stable operating margins [5] Company Overview - Nimish Modi serves as the Senior Vice President & General Manager for Strategy and New Ventures, while Richard Gu is the Vice President of Investor Relations [2] - The company is focused on providing forward-looking statements regarding its business outlook, acknowledging potential risks and uncertainties that may affect actual results [3] Conference Format - The conference is structured as a virtual fireside chat, allowing for audience interaction through a Q&A session towards the end [4]

SuRo Capital (SSSS) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Hello, and welcome to Soro Capital's First Quarter twenty twenty five Earnings Call. My name is Melissa, and I will be your coordinator for today's event. Please note this conference is being recorded, and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the presentation. This can be done by pressing followed by one on your keypad to register your ...

Core Insights - Cadence Design Systems reported strong Q1 results, exceeding Wall Street's earnings expectations and raising its full-year guidance [1][2][4] Financial Performance - The company posted non-GAAP earnings per share of $1.57 on sales of $1.24 billion, representing a year-over-year revenue increase of approximately 23% [2] - Cadence beat Wall Street's earnings target by $0.07 per share and achieved an adjusted operating income margin of 41.7%, up from 37.8% in the same quarter last year [2] - The company ended the quarter with $6.4 billion in remaining performance obligations, with an expectation that $3.2 billion will be recognized as revenue within the next year [2] Future Guidance - For the current year, Cadence is guiding for sales between $5.15 billion and $5.23 billion, aligning with Wall Street's target of $5.19 billion [3] - The adjusted earnings target for the year is set between $6.73 and $6.83 per share, which is better than the average analyst estimate of $6.72 [4] - The company also anticipates an adjusted operating income margin between 43.25% and 44.25%, indicating a significant improvement over last year's margin of 42.5% [4] Market Context - Prior to the Q1 report, Cadence had previously guided for adjusted earnings per share between $6.65 and $6.75, and sales between $5.14 billion and $5.22 billion [5] - Demand remains strong despite macroeconomic uncertainties, suggesting that the company may have achieved sustained margin improvements ahead of schedule [5]

Financial Data and Key Metrics Changes - Cadence reported a 23% year-over-year revenue growth, achieving total revenue of $1.242 billion for Q1 2025 [6][19] - Non-GAAP EPS increased by 34%, reaching $1.57, while GAAP EPS was $1.00 [6][19] - Non-GAAP operating margin was 42%, with GAAP operating margin at 29.1% [17][19] - Cash balance at the end of the quarter was $2.778 billion, with $2.5 billion in outstanding debt [19] Business Line Data and Key Metrics Changes - The IP business grew by 40% year-over-year, driven by strong market opportunities in AI and chiplet-based architectures [11] - Core EDA revenue increased by 16% year-over-year, with significant demand from AI and HPC customers [12][14] - The system design and analysis business saw over 50% year-over-year revenue growth, benefiting from AI-driven optimization solutions [15] Market Data and Key Metrics Changes - The China business experienced a year-over-year growth acceleration to 13% in Q1, up from 10% in the previous quarter [23] - The company remains prudent in its outlook for China, assuming flat revenue for the year despite positive trends [26][27] Company Strategy and Development Direction - Cadence is focusing on expanding its AI portfolio and enhancing its end-to-end solutions to meet the growing demand in the semiconductor industry [8][16] - The company is actively pursuing partnerships, including a collaboration with NVIDIA to develop AI solutions [8][11] - Cadence is also expanding its design IP portfolio through acquisitions, including the pending acquisition of Arms Artisan Foundation IP business [12][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, citing strong customer demand and ongoing investments in R&D [7][21] - The company raised its financial outlook for 2025, projecting revenue between $5.15 billion and $5.23 billion [20][21] - Management noted that the macroeconomic environment remains uncertain, but customer behavior has not shifted significantly [7][34] Other Important Information - Cadence was recognized as one of the "100 Best Companies to Work For," ranking 11th [16] - The company repurchased $350 million worth of shares in Q1, reducing the share count [19] Q&A Session Summary Question: Growth in China Business - Management acknowledged the strong performance in China but remains cautious, maintaining a flat revenue assumption for the year [26][27] Question: Tariff Exposure - Management confirmed that software and services are not subject to tariffs, and the diversified supply chain mitigates risks from tariffs on hardware [32][34] Question: Hardware Demand and Capacity - Demand for hardware continues to exceed supply, but the company has a resilient supply chain to manage production [52] Question: Technical Enhancements and Investments - Key areas of focus include AI integration, 3D IC technology, and enhancing hardware capabilities [60][62] Question: IP Acquisition Strategy - Management emphasized the importance of expanding the IP portfolio to meet customer demand and adapt to the evolving foundry landscape [68][112] Question: Data Center Digital Twins - The acquisition of Future Facilities is expected to enhance capabilities in data center design and optimization, presenting significant market opportunities [120][121]