Cadence Design Systems Inc
- Cadence Design Systems Inc. jumped 8.6% to $362.42 after the electronic design automation software developer reported a slight increase in revenue and a 30% decline in profit in the June quarter.
Consolidated revenue increased to $1.28 billion from $1.06 billion, net income dropped to $160.1 million from $229.5 million, and diluted earnings per share fell to 59 cents from 84 cents a year ago.
For the fiscal year 2025, revenue advanced to $2.51 billion from $2.07 billion, net income inched down to $433.6 billion from $477.2 billion, and diluted earnings per share edged down to $1.59 from $1.74 a year ago.
Cadence Design guided full-year revenue to be between $3.22 billion and $3.25 billion, net income between $1.08 billion and $1.1 billion, and diluted earnings per share between $3.97 and $4.07.
The company guided third-quarter revenue between $1.69 billion and $1.70 billion, compared to $1.28 billion; net income on a GAAP between $314 million and $330 million; and diluted earnings per share between $1.14 and $1.20, compared to 59 cents a quarter earlier, respectively.
Jul 30, 2025
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