Cadence Design Systems, Inc., headquartered in San Jose, California, is an American multinational computational software company. The company produces software, hardware and silicon structures for designing integrated circuits, systems on chips (SoCs) and printed circuit boards.
| Revenue (TTM) | $5.53B |
| Gross Profit (TTM) | $4.76B |
| EBITDA | $2.01B |
| Operating Margin | 29.70% |
| Return on Equity | 20.70% |
| Return on Assets | 10.40% |
| Revenue/Share (TTM) | $20.37 |
| Book Value | $23.79 |
| Price-to-Book | 14.23 |
| Price-to-Sales (TTM) | 17.20 |
| EV/Revenue | 17.2 |
| EV/EBITDA | 48.01 |
| Quarterly Earnings Growth (YoY) | 23.00% |
| Quarterly Revenue Growth (YoY) | 18.70% |
| Shares Outstanding | $275.82M |
| Float | $274.54M |
| % Insiders | 0.29% |
| % Institutions | 93.14% |
Volatility is currently expanding
I maintain my buy rating on Cadence Design Systems (CDNS) as Q2 results affirm a robust, diversified growth trajectory. Recurring revenue is accelerating, now less dependent on hardware, with high-teens to ~20% growth excluding Hexagon. Agentic AI licenses and Intel's DTCO partnership provide new monetization layers and multi-year expansion opportunities.
CDNS' Q2 earnings top estimates as AI demand drives broad-based growth, prompting higher 2026 revenue outlook.
Cadence lifts its 2026 outlook as agentic AI gains traction and drives heavier use of core design tools across a broad growth portfolio.
Cadence Design Systems, Inc. (CDNS) Q2 2026 Earnings Call Transcript
Cadence Design Systems Inc (NASDAQ:CDNS) reported financial results for the second quarter of 2026 after the market close on Monday. Here's a rundown of the report.
Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.
The semiconductor market, which has significantly outperformed the broader market in 2026 is seeing a pullback in July. The factors driving this rise include aggressive profit-taking, valuation concerns, and unwinding leveraged trades following a historic AI-fueled rally.
CDNS' Q2 outlook points to strong earnings and revenue growth as AI demand, expanding EDA use and recurring sales support momentum.
Semiconductor exchange-traded funds have gained more than 25% this year. Intel Corporation's (INTC) second-quarter earnings report after today's close could test whether that rally continues.
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