Breaking News
Jul 28, 2026
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Cadence Design Systems rose 2.5% to $347.00 after the electronics design software reported second-quarter results.
Revenue increased to $1.6 billion from $1.3 billion, net income soared to $367.1 million from $160.1 million, and diluted earnings per share advanced to $1.33 from 59 cents a year ago.
System design and analysis revenue increased 37%, driven by demand for PCB and advanced packaging solutions, and intellectual property revenue soared 40% from a year ago, respectively.
The company estimated 2026 revenue to range between $6.26 billion and $6.34 billion, GAAP diluted earnings per share to range between $4.76 and $4.86, and non-GAAP diluted earnings per share in the range of $8.05 to $8.15.
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