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Cadence Design Systems Beats Q2 EPS Expectations, Raises 2026 Guidance

GateNews
Stocks
CDNS3.87%

According to CNBC, on July 27, Cadence Design Systems reported Q2 adjusted earnings per share of $2.11, surpassing consensus estimates of $2.05 compiled by LSEG. Revenue reached $1.58 billion, meeting market expectations and marking a 24% year-over-year increase.

The company's backlog hit a record $8.1 billion, strengthening visibility into future results. Management raised its 2026 full-year revenue guidance to $6.26 billion-$6.34 billion.

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