04:24 PM EST, 02/18/2025 (MT Newswires) -- Cadence Design Systems ( CDNS ) reported Q4 non-GAAP earnings late Tuesday of $1.88 per diluted share, compared with $1.38 a year earlier.

Analysts polled by FactSet expected $1.82.

Revenue for the quarter ended Dec. 31 was $1.36 billion, compared with $1.07 billion a year earlier.

Analysts polled by FactSet expected $1.35 billion.

For 2025, Cadence is projecting non-GAAP EPS of $6.65 to $6.75 on revenue of $5.14 billion to $5.22 billion. Analysts polled by FactSet are looking for $6.80 and $5.23 billion, respectively.

Shares of the company were down nearly 5% in after-hours activity.

Price: 286.24, Change: -14.19, Percent Change: -4.72