Cadence Design Systems Inc NASDAQ:CDNS Price, Chart, News & Insight

Cadence Rises 3.2% Premarket as Q3 Revenue Jumps 22% and 2026 Outlook Is Raised

Cadence Design Systems (NASDAQ: CDNS) shares rose about 3.2% in premarket trading after the company reported strong third-quarter 2026 growth, record backlog and a higher full-year outlook.

Revenue increased 22% year over year to $1.633 billion, while non-GAAP diluted EPS rose to $2.11 from $1.93. Recurring revenue grew 18%, and quarter-end backlog reached a record $8.2 billion, including $4.2 billion expected to be recognized over the next 12 months.

Growth was broad-based. Core EDA revenue increased 20%, IP revenue rose 24% and System Design and Analysis revenue climbed 30%. Cadence also said its AI Super Agents now have more than 100 active customer engagements, while its newly launched Maestro models are being deployed for chip and system design workflows.

Management raised its 2026 revenue growth outlook to about 21%, with revenue now expected between $6.387 billion and $6.417 billion. Non-GAAP EPS guidance was also lifted to $8.37-$8.43, or about $8.40 at the midpoint.

One softer area was profitability, with non-GAAP operating margin declining to 44.1% from 47.6% a year earlier. However, strong revenue growth, record backlog and higher guidance appear to be outweighing that pressure.

The 3.2% premarket gain therefore appears to reflect investor confidence in Cadence’s accelerating AI-related demand, strong visibility and raised full-year expectations.

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The Investor 10-27-26

Cadence Stock Rises 2.5% in Premarket After Record Q2 Results and Raised 2026 Outlook

Cadence Design Systems (NASDAQ: CDNS) shares gained about 2.5% in premarket trading after the electronic design automation (EDA) software provider reported record second-quarter results, raised its full-year guidance, and highlighted accelerating demand for its AI-driven design solutions.

The company reported second-quarter revenue of $1.58 billion, up from $1.28 billion a year earlier, while non-GAAP earnings per share increased to $2.11 from $1.65. Profitability also improved significantly, with non-GAAP operating margin expanding to 45.5% from 42.8% in the prior-year quarter.

Cadence also reported a record backlog of $8.1 billion, providing strong visibility into future revenue. Remaining performance obligations expected to be recognized over the next 12 months reached $4.2 billion, underscoring continued customer demand across its product portfolio.

Management raised its full-year 2026 outlook, now expecting revenue of $6.26 billion to $6.34 billion, representing approximately 19% year-over-year growth. The company also increased its non-GAAP EPS guidance to approximately $8.10 at the midpoint, lifted its non-GAAP operating margin outlook to 44.25%, and raised its operating cash flow forecast to $2 billion.

The strong results were driven by broad-based growth across the business. Core EDA revenue increased 18% year over year, IP revenue surged more than 40%, and System Design and Analysis revenue climbed 37%. Hardware also delivered another record quarter, supported by expanding deployments among hyperscalers and leading AI companies.

Management highlighted accelerating adoption of its AI-powered design platform, including strong early customer traction for its AI Super Agents portfolio. The company said it is benefiting from growing demand for AI chip development as semiconductor companies and hyperscale cloud providers increase investment in next-generation silicon.

The combination of record backlog, higher guidance, expanding margins, and continued AI-driven demand appears to be driving today's premarket gains, reinforcing investor confidence that Cadence remains one of the key beneficiaries of the ongoing AI infrastructure and semiconductor design cycle.

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European Investor 07-28-26

Cadence (Nasdaq: CDNS) will hold its first quarter 2026 financial results conf on Monday, April 27, 2026.

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Global Finance News 04-07-26

Cadence (Nasdaq: CDNS) will hold its fourth quarter and fiscal year 2025 financial results webcast on Tuesday, February 17, 2026.

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Global Finance News 01-07-26

Cadence Q2 2025 Results: Strong Growth Drives Raised Full-Year Outlook

Cadence reported strong second quarter 2025 results, with revenue rising 20% year-over-year to $1.275 billion, surpassing guidance. Non-GAAP EPS rose to $1.65 from $1.28, while the non-GAAP operating margin expanded to 42.8%. GAAP results were impacted by a $140.6 million legal settlement, lowering EPS to $0.59.

The company raised its full-year 2025 guidance: revenue to $5.21–$5.27 billion, non-GAAP EPS to $6.85–$6.95, and operating cash flow to $1.65–$1.75 billion. Growth was broad-based across all business units, with notable gains in AI-driven offerings, including new AI studio and simulation platforms.

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The Investor 07-29-25

Cadence Design Systems Restores Access to EDA Software After Export Restrictions Rescinded

San Jose, July 3, 2025 – Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has rescinded export license requirements previously imposed on May 23, 2025. These restrictions had limited the company’s ability to export, re-export, or transfer certain electronic design automation (EDA) software and technology classified under ECCNs 3D991 and 3E991, particularly in transactions involving China or Chinese military end users.

With the restrictions now lifted effective immediately, Cadence is actively working to restore access to its EDA software for affected customers in compliance with updated export regulations.

The company noted potential risks including challenges in re-engaging affected customers, future regulatory changes, and broader geopolitical uncertainties, all of which could impact its operations and customer relationships.

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Global Finance News 07-04-25

Cadence (Nasdaq: CDNS) will hold its second quarter 2025 financial results webcast on Monday, July 28, 2025.

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WS Investor 07-03-25

Cadence Stockholders Approve Director Elections and Executive Pay; Board Expands Share Repurchase Program

At its annual stockholder meeting held May 8, 2025, Cadence Design Systems shareholders approved key proposals, including the re-election of ten board members and an advisory vote in favor of the company’s executive compensation plan. All nominated directors, including CEO Anirudh Devgan and board chair James D. Plummer, were re-elected by majority vote, though a few saw lower support compared to others.

Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent auditor for fiscal 2025. However, a stockholder proposal seeking additional disclosure around political spending was rejected, with a majority voting against it.

Separately, Cadence’s board of directors authorized an expansion of the company’s share repurchase program, increasing it by $1.5 billion. The company may execute these repurchases in various forms, including open market purchases and structured transactions, subject to market conditions and regulatory considerations. The program does not carry an expiration date and may be adjusted or discontinued at any time.

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M

ME NEWS 05-13-25

Cadence reports first quarter 2025 financial results

Cadence reported strong first quarter 2025 results, with revenue rising 23% year-over-year to $1.242 billion and non-GAAP diluted earnings per share increasing 34% to $1.57. The company achieved a GAAP operating margin of 29.1% and a non-GAAP operating margin of 41.7%, driven by broad-based strength across all businesses, including 40% growth in semiconductor IP revenue and 16% growth in core EDA revenue. Management noted resilient customer demand, a strong backlog of $6.4 billion, and AI-driven product innovation as key contributors to its performance.

Looking ahead, Cadence raised its full-year 2025 guidance, expecting revenue between $5.15 billion and $5.23 billion and non-GAAP diluted EPS between $6.73 and $6.83. Recent highlights include an expanded partnership with NVIDIA and over 50% year-over-year revenue growth in system design and analysis. CEO Anirudh Devgan and CFO John Wall emphasized the company's robust operating model, resilient software business, and strong financial position during the earnings webcast.

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WS Investor 04-28-25

Cadence to Acquire Arm Artisan Foundation IP Business

SAN JOSE, Calif., April 16, 2025--Cadence entered into a definitive agreement with Arm to acquire Arm's Artisan foundation IP business.

(finance.yahoo.com)

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WS News 04-17-25

NASDAQ:CDNSFollow

Cadence to Acquire Arm Artisan Foundation IP Business

NASDAQ:CDNS