Stock Movers: Cadence Design, Boeing

Scott Peters
30 Jul, 2025
New York City

Cadence Design Systems Inc. jumped 8.6% to $362.42 after the software company 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 84 cents a quarter earlier, respectively.

Boeing Co. declined 2.7% to $230.09 despite the aerospace and defense company saying net loss shrank in the fiscal second quarter.

Consolidated revenue in the second quarter advanced 35% to $22.7 billion from $16.9 billion, net loss shrank to $612 million from $1.4 billion, and diluted losses per share eased to 92 cents from $2.33 a year ago.

For the six-month period, revenue advanced 26% to $42.2 billion from $33.4 billion, net loss dropped to $643 million from $1.8 billion, and diluted losses per share edged down to $1.73 from $4.04 a year ago.