Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Cadence Design Systems delivered strong performance in the third quarter of 2025, showcasing robust financial results across all business segments and geographies.</li><li>The company reported total revenue of $1.339 billion, surpassing expectations, with a GAAP operating margin of 31.8% and a non-GAAP operating margin of 47.6%.</li><li>Additionally, the quarter reflected a GAAP EPS of $1.05 and a non-GAAP EPS of $1.93.</li></ul>

Cadence Design Systems delivered strong performance in the third quarter of 2025, showcasing robust financial results across all business segments and geographies.The company reported total revenue of $1.339 billion, surpassing expectations, with a GAAP operating margin of 31.8% and a non-GAAP operating margin of 47.6%.Additionally, the quarter reflected a GAAP EPS of $1.05 and a non-GAAP EPS of $1.93.

Cadence Design Systems Rides AI Wave: Why 2026 Could Be Its Biggest Year Yet!

<ul><li>Cadence Design Systems has turned heads with a definitive agreement to acquire Hexagon AB’s Design & Engineering unit—including the storied MSC Software—for €2.7 billion, paid 70% in cash and 30% in CDNS stock, with closing targeted for Q1’26.</li><li>The incoming business generated ~$280 million of 2024 revenue, brings ~1,100 employees, and serves blue-chip aerospace and auto names such as Volkswagen Group, BMW, Toyota, Lockheed Martin, BAE, and Boeing.</li><li>Strategically, the deal extends Cadence’s “Intelligent System Design” vision beyond chips and boards into the full palette of multiphysics—structures, motion, fluids, and electromagnetics—precisely where AI-era systems are converging.</li></ul>

Cadence Design Systems has turned heads with a definitive agreement to acquire Hexagon AB’s Design & Engineering unit—including the storied MSC Software—for €2.7 billion, paid 70% in cash and 30% in CDNS stock, with closing targeted for Q1’26.The incoming business generated ~$280 million of 2024 revenue, brings ~1,100 employees, and serves blue-chip aerospace and auto names such as Volkswagen Group, BMW, Toyota, Lockheed Martin, BAE, and Boeing.Strategically, the deal extends Cadence’s “Intelligent System Design” vision beyond chips and boards into the full palette of multiphysics—structures, motion, fluids, and electromagnetics—precisely where AI-era systems are converging.

Cadence Strikes Big: What The €2.7 Billion Hexagon Acquisition Means For The Future Of System Design!

<ul><li>Cadence Design Systems, Inc. reported strong financial results for the second quarter of 2025, surpassing their revenue and earnings per share (EPS) guidance.</li><li>The positive results were driven by broad-based strength across their AI-driven product portfolio, resulting in stronger-than-expected bookings.</li><li>This strong performance led Cadence to raise their financial outlook for the year, projecting a 13% revenue growth and a 16% EPS growth for 2025.</li></ul>

Cadence Design Systems, Inc. reported strong financial results for the second quarter of 2025, surpassing their revenue and earnings per share (EPS) guidance.The positive results were driven by broad-based strength across their AI-driven product portfolio, resulting in stronger-than-expected bookings.This strong performance led Cadence to raise their financial outlook for the year, projecting a 13% revenue growth and a 16% EPS growth for 2025.

Cadence Design Systems Is Quietly Leading the 3D-IC Revolution—The Simulation Tech Behind the Surge!

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

<ul>
<li>Hello from Kyoto! If there was a single big story from VLSI this year, it had to be Backside Power Delivery (BSPDN). VLSI is one of the premier conferences for semiconductor design and has been held since the 1980s.</li>
<li>Today it’s one of the best places to present cutting-edge research in circuit technology.</li>
<li>The key revolutionary announcement at VLSI this year was BSPDN. Let’s discuss.</li>
</ul>


Hello from Kyoto! If there was a single big story from VLSI this year, it had to be Backside Power Delivery (BSPDN). VLSI is one of the premier conferences for semiconductor design and has been held since the 1980s.
Today it’s one of the best places to present cutting-edge research in circuit technology.
The key revolutionary announcement at VLSI this year was BSPDN. Let’s discuss.


VLSI Japan : It’s Better on the Backside

<ul><li>Cadence Design Systems, Inc. presented a robust performance in the first quarter of 2025, surpassing guidance across all major financial metrics.</li><li>The company's revenue grew by 23% year-over-year, with a notable 34% increase in non-GAAP EPS, prompting an upward revision of the annual financial forecast.</li><li>This performance was primarily driven by sustained demand for Cadence's innovative technologies and solutions.</li></ul>

Cadence Design Systems, Inc. presented a robust performance in the first quarter of 2025, surpassing guidance across all major financial metrics.The company's revenue grew by 23% year-over-year, with a notable 34% increase in non-GAAP EPS, prompting an upward revision of the annual financial forecast.This performance was primarily driven by sustained demand for Cadence's innovative technologies and solutions.

Cadence Design Systems Pushes AI Frontiers But What Challenges Lie Ahead?

United States

Cadence Design Systems, Inc. provides software technology, design and consulting services and technology.  The Company licenses its electronic design automation software technology and provides a variety of professional services.  Cadence's design realization solutions are used to design and develop complex chips and electronic systems, including semiconductors.

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Cadence Design Sys (CDNS US)

Cadence Design Systems Rides AI Wave: Why 2026 Could Be Its Biggest Year Yet!

Cadence Design Systems delivered strong performance in the third quarter of 2025, showcasing robust financial results across all business segments...

Baptista Research

Cadence Strikes Big: What The €2.7 Billion Hexagon Acquisition Means For The Future Of System Design!

Cadence Design Systems has turned heads with a definitive agreement to acquire Hexagon AB’s Design & Engineering unit—including the storied...

Baptista Research

Cadence Design Systems Is Quietly Leading the 3D-IC Revolution—The Simulation Tech Behind the Surge!

Cadence Design Systems, Inc. reported strong financial results for the second quarter of 2025, surpassing their revenue and earnings per share...

Baptista Research

VLSI Japan : It’s Better on the Backside

If there was a single big story from VLSI this year, it had to be BSPDN. Intel announces its PowerVia technology, and scaling the backside is the...

Fabricated Knowledge

Cadence Design Systems Pushes AI Frontiers But What Challenges Lie Ahead?

Cadence Design Systems, Inc. presented a robust performance in the first quarter of 2025, surpassing guidance across all major financial...

Baptista Research

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