CDNS vs MU: AI Stock Comparison

Cadence Design Systems, Inc. vs Micron Technology, Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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$MU scores higher on AI exposure (4/5 vs 3/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$CDNS
Cadence Design Systems, Inc.
Chip-design (EDA) software and IP.
$MU 🏆
Micron Technology, Inc.
DRAM, NAND and the high-bandwidth memory (HBM) AI GPUs need.
AI exposure score⚡⚡⚡⚡⚡ 3/5⚡⚡⚡⚡⚡ 4/5
Shares outstanding274.4M
as of 2026-09-30 · 10-Q cover page · SEC filing
1.13B
as of 2026-10-02 · 10-K cover page · SEC filing
CategoryMemory & semicapMemory & semicap
Key metrics
Revenue (latest quarter) $1.63B
10-Q period ended 2026-09-30; +22% y/y · SEC filing
Operating income $428.7M
Same quarter; 26% operating margin · SEC filing
Net income $289.7M
Same quarter · SEC filing
Revenue (latest fiscal year) $133.19B
10-K period ended 2026-09-03; +256% y/y · SEC filing
Gross margin 80.7%
Gross profit / revenue, same fiscal year · SEC filing
Operating income $99.34B
Same fiscal year; 75% operating margin · SEC filing
Next earningsNot yet announced / not on our calendar
Dec 16, 2026 expected
Micron Technology, Inc. quarterly earnings · source
Next catalystNot yet announced / not on our calendar
Dec 16, 2026 expected
Micron Technology, Inc. quarterly earnings · source
Upcoming catalystsNone tracked
Dec 16, 2026 expected
Micron Technology, Inc. quarterly earnings · source
Most recent reported
Oct 26, 2026
Cadence Design Systems, Inc. reports quarterly results · source
EDA demand tracks how many new AI chip designs are in flight. Revenue: $1.63B (+22% y/y), per 10-Q.
Not yet announced / not on our calendar
Key risks
  • “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.” — 10-K risk factor (filed 2026-02-19) · source
  • “We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be…” — 10-K risk factor (filed 2026-02-19) · source
  • “Government actions and regulations, such as export restrictions, tariffs, and trade protection measures, may limit our ability to sell our products to certain customers or markets, or could…” — 10-K risk factor (filed 2026-10-09) · source
  • “We may be unable to generate sufficient cash flows or obtain access to external financing necessary to fund our operations, make scheduled debt payments, and make adequate capital…” — 10-K risk factor (filed 2026-10-09) · source
AI angle

Cadence software is used to design AI accelerators and the systems around them. More custom AI silicon means more design starts, and Cadence is also building AI into its own design tools.

Micron's HBM is stacked next to AI accelerators, and AI servers pull overall DRAM demand. Memory pricing makes its results highly cyclical even with AI tailwinds.

Full analysis: $CDNS →Full analysis: $MU →

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