CDNS — what changed in the latest 10-Q
A section-by-section comparison of CDNS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-28 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +32 | −25 | ~36 | 30 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 8 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 1 |
| Risk factors | Text added/removed | +11 | 0 | ~2 | 9 |
| Other information | Text added/removed | +2 | 0 | ~1 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-28
•Increase in general and administrative expense related to contributions to non-profit organizations;
•Increased amortization of acquired intangibles from our recent acquisitions;
•Increased restructuring charges related to our 2026 Restructuring Plan; and
During the three months ended September 30, 2026, as compared to the three months ended September 30, 2025, our ability to deliver our hardware offerings and increased demand for our software offerings were the primary drivers of revenue growth in the United States and EMEA.
Revenue growth in China was primarily driven by increased demand for, and our ability to deliver, our IP and hardware offerings in that region, while growth in Japan and Other Asia was primarily driven by increased demand for software product offerings, and our ability to deliver IP offerings.
Text removed vs the prior filing · source: 10-Q · 2026-07-29
•Increased amortization of acquired intangibles from our recent acquisitions; and
During the three months ended June 30, 2026, as compared to the three months ended June 30, 2025, revenue growth in the United States, China, Japan, Other Asia and EMEA was primarily driven by growth in revenue from our software product offerings and by increased demand for, and our ability to deliv…
During the three months ended June 30, 2026, as compared to the three months ended June 30, 2025, the decrease in revenue in Other Americas was primarily driven by the timing of design services provided to our customers in that geography.
Additionally, for the three and six months ended June 30, 2026, as compared to the three and six months ended June 30, 2025, the increase in revenue in China was partially attributable to export license requirements that were temporarily imposed by BIS on EDA Software and Technology from May to July…
Professional services increased during the three and six months ended June 30, 2026, as compared to the three and six months ended June 30, 2025, primarily due to increased consulting services associated with acquisition-related activities. We expect to continue to utilize professional services as w…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-10-28
We are subject to governmental export and import controls that subject us to liability and impair our ability to compete in global markets as well as a variety of other laws and regulations.
We must comply with the import and export restrictions and regulations and economic sanctions laws of the United States and of certain other countries in selling, providing or shipping our products and transferring our technology outside the United States, to foreign nationals (including foreign nat…
For example, U.S. trade control laws and regulations have been amended over the past several years, including through the imposition of certain export control restrictions concerning advanced node IC production in China, the inclusion of additional Chinese technology companies on BIS “Entity List” a…
In addition, as previously disclosed, on May 23, 2025, BIS informed us that a license was required for the export, re-export or in-country transfer of EDA Software and Technology when a party to the transaction is located in China or is a Chinese "military end user" on the "Military End-User List," …
Anticipated or actual changes in trade restrictions could also affect customer purchasing behaviors. Entity List restrictions and other trade restrictions may also encourage customers to seek substitute products from our competitors, including a growing class of foreign competitors and open source a…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-28
Chin-Chi Teng, Senior Vice President and General Manager of the Digital and Signoff Group
(1) Dr. Teng previously adopted a Rule 10b5-1 trading arrangement on February 20, 2026, that expired by its terms on August 31, 2026 (the "Prior Plan"). No trades are authorized to begin under the new trading arrangement adopted on August 20, 2026 until after all trades under the Prior Plan were com…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice