CADENCE DESIGN SYSTEMS INC 8K

Cadence Design Systems reported stronger-than-expected Q2 2026 results, a record backlog, and raised its full-year 2026 revenue and earnings outlook driven by broad-based growth and strong demand for its AI-enabled design solutions.

Cadence Design Systems, Inc. reported strong second quarter 2026 financial results, with revenue rising to $1.584 billion from $1.275 billion a year earlier, GAAP operating margin expanding to 28.4%, and GAAP diluted EPS increasing to $1.33, while non-GAAP diluted EPS reached $2.11. The company highlighted a record backlog of $8.1 billion and $4.2 billion of revenue expected to be recognized over the next 12 months, along with broad-based growth across core EDA, semiconductor IP and system design and analysis businesses. Driven by this momentum and demand for its AI-driven and agentic design solutions, management raised its full-year 2026 outlook to 19% revenue growth, a non-GAAP operating margin of about 44.25%, non-GAAP EPS of $8.10 and operating cash flow of $2 billion at the midpoint, and provided detailed GAAP-to-non-GAAP reconciliations and forward-looking guidance for operating margin, EPS and net income.

Filing Facts

CIK

813672

Ticker

CDNS

Form

8K

Source Type

sec

Accession

0000813672-26-000089

Alert Tier

9