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Earnings Flash (CDNS) Cadence Design Systems, Inc. Reports Q1 Revenue $1.47B, vs. FactSet Est of $1.45B
Cadence Design Systems, Inc. (CDNS) reported its first-quarter revenue at $1.47 billion, surpassing the FactSet estimate of $1.45 billion. The company also announced Q1 adjusted EPS of $1.96 per share, exceeding the FactSet estimate of $1.88. Additionally, Cadence Design Systems provided fiscal year 2026 adjusted EPS guidance in the range of $7.85-$7.95 and revenue guidance between $6.125 billion and $6.225 billion.