Cadence Beats Q2 Earnings and Revenue, Raises Full-Year Outlook on Record $8.1 Billion Backlog
Cadence raised its 2026 revenue and earnings guidance following a second quarter where adjusted profit of $2.11 a share beat estimates by $0.05, with results anchored by a record $8.1 billion backlog of electronic design software and intellectual property.
The semiconductor design software maker posted non-GAAP operating margin of 45.5% and full-year operating cash flow guidance of roughly $2 billion. Growth was broad-based, with IP segment sales rising more than 40% year-over-year, as executives highlighted accelerating demand for artificial intelligence solutions in chip architecture.
From the sources (3 posts)
@trendspider$CDNS Q2 Earnings Double Beat Adj. EPS: $2.11 vs $2.06 est REV: $1.584B vs $1.577B est Raised FY2026 Adj EPS Guidance Raised FY2026 Sales Guidance 🟥 -0.48%
@wallstengineCADENCE $CDNS Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.58B (Est. $1.58B) 🟡; +24% YoY 🔹 Adj. EPS: $2.11 (Est. $2.06) 🟢; +28% YoY 🔹 Backlog: $8.1B; record backlog 🔹 Non-GAAP Operating Margin: 45.5%; +270 bps YoY Raises FY26 Guide: 🔹 Revenue:
@alphasenseinc$CDNS Earnings: - Revenue of $1.584 billion, compared to revenue of $1.275 billion in Q2 2025 - GAAP operating margin of 28.4%, compared to 19.0% in Q2 2025 - Non-GAAP operating margin of 45.5%, compared to 42.8% in Q2 2025 - GAAP diluted