Cadence gains after raising 2026 revenue, profit forecast

Cadence Design Systems

27/07/2026 21:40

** Shares of chip design software provider Cadence Design Systems CDNS.O rise 4.6% to $354.29 in extended trading
** Co raises 2026 rev forecast to $6.26 bln to $6.34 bln, up from its prior outlook of $6.13 bln to $6.23 bln
** Expects adj. EPS between $8.05 and $8.15, up from previous forecast of $7.85-$7.95
** Reports Q2 adj. EPS of $2.11, beating analysts' avg. estimate of $2.05 - data compiled by LSEG
** Q2 revenue rises $24.2% to $1.58 billion, largely in line with estimates
** As of Monday's close, stock has risen 8.2% YTD

 (Reporting by Anhata Rooprai in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))