Cadence Design Systems, Inc. (CDNS) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
Summarize this article with:
SA Transcripts158.8K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Cadence Design Systems, Inc. (CDNS) Morgan Stanley Technology, Media & Telecom Conference 2026 March 4, 2026 5:35 PM EST Company Participants Anirudh Devgan - CEO, President & Director Presentation Unknown Analyst Okay. Good afternoon, everyone. Welcome to San Francisco. We're on the stage with Anirudh Devgan, CEO of Cadence. Welcome, Anirudh. Question-and-Answer Session Unknown Analyst Maybe if I just kick things off. I mean, no pressure, but we were in here, all of us earlier. Jensen gave a call out to Cadence, talking, I think, really around the sort of emulation space. And of course, you talk a lot about that sim to real gap and how you guys can plug that. So maybe help us understand, how does that segue? And how is this an opportunity for you guys, looking at physical AI in particular? Anirudh DevganCEO, President & Director Yes, yes. Well, thank you. It's good to be here. Thank you for the interest. And we love working with Jensen and NVIDIA too. We have a long-term partnership with them, of course. And then I think what I've talked forever -- so sorry for people who are familiar with this -- is like the 3-layer cake. Because there's all this worry AI is going to replace software or something like that. And the thing is that there are different kinds of software, right? There's a whole range of software. And for us, the reason I call it a cake and people say, like, "Why do you call it a cake? It's like a Cadence bakery or something?" I'm not a good cook, by the way. I'm a horrible baker, but definitely not a great. But the thing is unless you are like 2 years old, normally, when you eat a cake or you consume a cake, you consume all 3 layers of the cake together. At least that's