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Anirudh Devgan

Chief Executive Officer, President & Director, Cadence Design

Search every verified Anirudh Devgan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Anirudh Devgan, president and CEO of Cadence Design Systems, discussed the company's performance and strategic outlook in recent earnings calls and media appearances. In the company's Q2 2026 earnings call, Devgan reported that Cadence delivered financial results exceeding guidance, with record backlog and strong demand for AI-driven solutions. He attributed the performance to broad-based strength across core EDA, IP, hardware, and system design and analysis segments, and announced that the company was raising its full-year guidance to 19% revenue growth. Devgan also described agentic AI as a "demand accelerator" for Cadence, stating that autonomous agents expand the design exploration space and increase usage of the company's physically accurate engines, representing a long-term total addressable market expansion opportunity. In an interview on CNBC's Mad Money, Devgan characterized Cadence as a B2B company serving approximately 70-80% of its business from a similar number of major global customers, and emphasized the company's "win with the winners" approach. He also discussed the concept of "physical AI," which he defined as applying AI to the physical world through applications such as cars, drones, and robots, describing these as potentially multi-trillion dollar markets. Devgan noted that Nvidia has used Cadence's AI agents with its ChipStack platform, reporting 10-40x improvements in verification turnaround time. He also referenced three major AI phases—AI infrastructure buildout, physical AI, and sciences AI—as part of the broader AI super cycle driving compute demand and semiconductor innovation.

Recent appearances

Notable quotes

“Physical AI to me is applying AI to the physical world and great examples of that that are cars you know drones and robots and the exciting part is that this is all going to be multi-trillion dollar markets you know car is already 3 to four trillion you know drones with all the defense and all will be a multi- trillion dollar market and and robots even industrial robot and then humanoid robots may be the biggest prod”

“We are a B2B company, right? So we are not B2C. So a lot of people may not know what we do. But in terms of B2B about 70 80% of our business is coming from 70 80 customers and these are all the biggest companies in the world in all the main geographies in all the main segments. So we have a saying that win with the winners.”

“If a company isn't spending hundred in our case if we're not spending right now we're already spending hundreds and hundreds of millions of dollars of tokens a year. If we're not spending billions of dollars of tokens a year, obviously we're not going to be producing the things that we're doing.”

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