Cadence Design Systems, Inc. (CDNS) Q3 2024 Earnings Call Transcript

featured-image

Cadence Design Systems, Inc. ( NASDAQ: CDNS ) Q3 2024 Earnings Call Transcript October 28, 2024 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Joe Vruwink - Baird Jason Celino - KeyBanc Capital Markets Gianmarco Conti - Deutsche Bank Lee Simpson - Morgan Stanley Charles Shi - Needham Jay Vleeschhouwer - Griffin Securities Vivek Arya - Bank of America Securities Clarke Jeffries - Piper Sandler Harlan Sur - JPMorgan Ruben Roy - Stifel Siti Panigrahi - Mizuho Joshua Tilton - Wolfe Research Operator Good afternoon. My name is Brianna and I will be your conference operator today.

At this time, I would like to welcome everyone to the Cadence Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session.



[Operator Instructions] I will now turn the call over to Richard Gu, Vice President of Investor Relations for Cadence. Please go ahead, sir. Richard Gu Thank you, operator.

I would like to welcome everyone to our third quarter of 2024 earnings conference call. I'm joined today by Anirudh Devgan, President and Chief Executive Officer; and John Wall, Senior Vice President and Chief Financial Officer. The webcast of this call and a copy of today's prepared remarks will be available on our website, cadence.

com. Today's discussion will contain forward-looking statements, including our outlook on future business and operating results. Due to risks and uncertainties, actual results may differ materially from those projected or implied in today's discussion.

For information on factors that could cause actual results to differ, please refer to our SEC filings, including our most recent Forms 10-K and 10-Q, CFO commentary, and today's earnings release. All forward-looking statements during this call are based on estimates.