Cadence Design Systems Reports Q3 Earnings Beat and Raises Fiscal 2026 Guidance
Cadence Design Systems (CDNS) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP EPS of $2.11 and revenue of $1.63 billion. The revenue figure represents a significant year-over-year increase of 21.6%, surpassing consensus estimates by approximately $10 million. Looking ahead to fiscal year 2026, the company issued optimistic guidance that sits above analyst projections. Cadence expects annual revenue between $6.387 billion and $6.417 billion, with Non-GAAP diluted net income per share projected at $8.37 to $8.43, outperforming the consensus estimate of $8.15.
Tickers: $CDNS
Topics: earnings beat financial guidance revenue growth
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