Cadence (CDNS) Q1 2026 Earnings Report Highlights Growth and Acquisition Impact
Cadence (CDNS) reported Q1 2026 earnings with revenue of $1.474 billion, up 19% year-over-year, and raised its full-year revenue outlook to $6.125 billion-$6.225 billion. The company also announced a record backlog of $8 billion and a share repurchase program using 50% of free cash flow, though the acquisition of Hexagon is expected to cause short-term EPS dilution of about $0.28.
Tickers: $CDNS
Topics: Acquisition Impact Earnings EPS Guidance Margins Revenue Share Repurchase