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Cadence $CDNS Q2 report:
EPS: 2.11, Est: 2.05
Revenue: $1.584B
Operating Margin: Non-GAAP operating margin increased to 45.5% from 42.8% in the same period last year.
Global demand for artificial intelligence and digital twin technologies drove growth. The company's order backlog reached $8.1 billion at the end of the period. Thanks to cash flow efficiency, Cadence raised its full-year revenue forecast to $6.3 billion and its full-year earnings per share expectation to $8.10 billion.