CDNS

CDNS

Cadence Accelerates into High Gear, Raises Revenue Outlook 21% as Agentic AI Momentum Soars

Cadence, a leader in electronic design automation (EDA) and semiconductor design software, has accelerated into high gear, delivering another outstanding quarter with all key metrics coming in well above guidance. In its third quarter of 2026 earnings conference call, the company reported record backlog of $8.2 billion, driven by

CDNS

Cadence Continues to Rise: Q2 2026 Earnings Exceed Expectations

Cadence, a leader in electronic design automation (EDA), has reported outstanding financial results for the second quarter of 2026. The company's key metrics have exceeded guidance, with record backlogs that surpassed expectations. According to Anirudh Devgan, President and Chief Executive Officer, Cadence is seeing growing demand for its