Adder/rounder circuitry for use in a programmable logic device computes a rounded sum quickly, and ideally within one clock cycle. The rounding position is selectable within a range of bit positions. In an input stage, for each bit position in that range, bits from both addends and a rounding bit are processed, while for each bit position outside that range only bits from both addends are processed. The input stage processing aligns its output in a common format for bits within and outside the range. The input processing may include 3:2 compression for bit positions within the range and 2:2 compression for bit positions outside the range, so that further processing is performed for all bit positions on a sum vector and a carry vector. Computation of the sum proceeds substantially simultaneously with and without the rounding input, and rounding logic makes a selection later in the computation.