Recent Updates — CDNS

Cadence Design Systems reported third-quarter 2026 revenue of $1.633 billion, up 22% year-over-year, with non-GAAP diluted earnings per share of $2.11. The company raised its full-year 2026 revenue growth outlook to approximately 21%, citing strong momentum in AI-driven designs and a record backlog of $8.2 billion. Additionally, the board authorized an additional $2.5 billion for the existing share repurchase program. Cadence is a market leader in electronic design automation software and services.

Cadence Design Systems reported Q2 2026 revenue of $1.584 billion, exceeding guidance and achieving a record backlog of $8.1 billion. The company raised its full-year 2026 revenue growth outlook to 19% and non-GAAP EPS to $8.10 at the midpoint. Cadence is a provider of electronic system design software and solutions for the semiconductor industry.

Cadence Design Systems stockholders approved an amendment to the company's Omnibus Equity Incentive Plan, which increases the number of authorized shares under the plan by 5,000,000 and removes its fixed expiration date. The company also successfully elected its eleven director nominees and ratified PricewaterhouseCoopers LLP as its independent auditor.

Cadence Design Systems, Inc. issued a press release on April 27, 2026, announcing its financial results for the quarter ended March 31, 2026. The filing includes the company's quarterly results and accompanying commentary from the Chief Financial Officer.

Cadence Design Systems, Inc. has consummated the acquisition of the design and engineering business of Hexagon Smart Solutions AB. As partial consideration for the transaction, the company issued 3,224,473 shares of common stock to the seller on February 23, 2026.

Cadence Design Systems, Inc. announced its financial results for the quarter and fiscal year ended December 31, 2025. The company released these results via a press release and accompanying commentary from its Chief Financial Officer.