Cadence Guides FY Revenue to $6.26B-$6.34B, In Line with Expectations
CDNS sits 29% above its 52-week low of $262.749.
Summary
Cadence Design Systems issued full-year revenue guidance of $6.26 billion to $6.34 billion. The midpoint of $6.30 billion is roughly in line with consensus estimates, suggesting steady demand for its electronic design automation tools. Q2 revenue rose 24% to $1.584 billion, non-GAAP EPS was $2.11, and backlog was $8.1 billion. FY2026 non-GAAP EPS was raised to $8.10 and operating cash flow to $2 billion. The announcement follows a multi-year collaboration with Intel Foundry disclosed in June, reinforcing Cadence's role in advanced chip design. With a market cap near $93 billion, the guidance confirms the growth trajectory but lacks a catalyst for immediate repositioning.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Q2 revenue rose 24% to $1.584B, non-GAAP EPS $2.11, backlog $8.1B; FY2026 non-GAAP EPS raised to $8.10 and operating cash flow to $2B.
At the time of this announcement, CDNS was trading at $339.33 on NASDAQ in the Technology sector, with a market capitalization of approximately $93.5B. The 52-week trading range was $262.75 to $416.69. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.