Cadence Design Systems Raises 2026 Outlook Following Record Backlog and New Product Launch
Cadence Design Systems (CDNS) reported strong third-quarter performance, exceeding all key financial metrics provided in previous guidance. The company highlighted a record backlog of $8.2 billion, signaling robust future demand for its electronic design automation tools. Driven by this momentum and the launch of its new Maestro models, management has raised its 2026 outlook. The company now projects revenue growth of 21% and non-GAAP earnings per share (EPS) of $8.40 for that fiscal year.
Tickers: $CDNS
Topics: backlog growth earnings report revenue guidance
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