Cadence Design revenue soars to $1.63 billion
Key points
- Cadence Design Systems (NASDAQ:CDNS) reported third-quarter 2026 revenue of $1.63 billion, up 22% year over year, and adjusted earnings of $2.11 per share, beating analyst estimates.
- The company reported a record $8.2 billion backlog and $424 million in operating cash flow.
- Cadence increased its full-year 2026 revenue forecast to $6.39 billion–$6.42 billion and its adjusted earnings forecast to $8.37–$8.43 per share.
Cadence Design Systems (NASDAQ:CDNS) reported third-quarter 2026 revenue of $1.63 billion, up 22% year over year, while adjusted earnings reached $2.11 per share.
Revenue exceeded analysts’ $1.61 billion estimate, while adjusted earnings beat the consensus forecast of $2.04 per share.
The company reported GAAP earnings of $1.05 per share, equivalent to net income of $289.7 million.
Operating cash flow reached $424 million, and Cadence reported a record backlog of $8.2 billion, reflecting orders awaiting completion or delivery.
Cadence raised its full-year 2026 revenue forecast to $6.39 billion–$6.42 billion, up from its previous range of $6.26 billion–$6.34 billion.
The company also increased its adjusted earnings forecast to $8.37–$8.43 per share, compared with its previous guidance of $8.05–$8.15 per share.
Cadence develops electronic design automation software, semiconductor design tools and engineering software.
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