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Safe Harbor

The following discussion contains forward-looking statements based on current expectations or beliefs, as well as a number of preliminary assumptions about future events that are subject to factors and uncertainties that could cause our actual results to differ materially from those expectations or results described in the forward-looking statements. You are cautioned not to put undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence’s control. Additional information concerning factors that could cause such a difference can be found in our Annual Report on Form 10-K for the period ended January 1, 2022, our Quarterly Report on Form 10-Q for the period ended April 2, 2022 the cautionary statements regarding forward-looking statements in our press release dated April 25, 2022, and the company’s future filings with the Securities and Exchange Commission. We expressly disclaim any duty to update the forward-looking statements provided in the following discussion.

Regulation G

In addition to financial results prepared in accordance with Generally Accepted Accounting Principles, or GAAP, this presentation will contain certain non-GAAP financial measures. Cadence management believes that in addition to using GAAP results in evaluating our business, it can also be useful to measure results using certain non-GAAP financial measures. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures with their most direct comparable GAAP financial results, including those set forth in our April 25, 2022 press release and our CFO Commentary for the quarter ended April 2, 2022, both of which can be found in the quarterly earnings section of the investor relations portion of our website at cadence.com.