Cadence Design Systems Inc reports results for the quarter ended June 30 - Earnings Summary

Cadence Design Systems

27/07/2026 21:47

Cadence Design Systems Inc CDNS.OQ reported quarterly adjusted earnings of $2.11​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.65.  The mean expectation of seventeen analysts for the quarter was for earnings of $2.05 per share. Wall Street expected results to range from $2.03  to $2.08 per share.
Revenue rose 24.2% to $1.58 billion from a year ago; analysts expected $1.58 billion. 
Cadence Design Systems Inc's reported EPS for the quarter was $1.33​.
The company reported quarterly net income of $367.08 million.
Cadence Design Systems Inc shares had fallen by 13.1% this quarter and gained 4.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4.2% in the last three months.​ 
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy" 
Wall Street's median 12-month price target for Cadence Design Systems Inc is $400.00, about 18.4% above its last closing price of $326.24
This summary was machine generated from LSEG data July 27 at 08:47 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
2.05
2.11
Beat
Mar. 31 2026 
1.90
1.96
Beat
Dec. 31 2025 
1.91
1.99
Beat
Sep. 30 2025 
1.79
1.93
Beat