Cadence Design Systems Reports Strong Q1 Earnings and Raises 2026 Revenue Outlook
Cadence Design Systems reported a 19% year-over-year revenue increase to $1.474 billion in Q1, with strong margins and a record backlog of $8 billion. The company raised its 2026 revenue outlook to 17% and updated full-year guidance to $6.125–$6.225 billion. The acquisition of Hexagon D&E is expected to be dilutive in 2026 but accretive in 2027.
Topics: Acquisition AI Strategy Backlog Buybacks Earnings Revenue Growth