Cadence Design Systems (CDNS)
NASDAQ:CDNS
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.05Last Year’s EPS
1.65Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflects strong, broad-based operational and financial momentum: double-digit growth across major businesses (IP, EDA, SDA), record backlog, best-ever hardware quarter, major product launches in agentic AI and strategic partnerships. The principal near-term negatives are integration-related dilution and prudence in guidance tied to the Hexagon acquisition, plus leverage and regional lumpiness. These lowlights are manageable in context and management expects acquisition accretion in 2027.Company Guidance
Strong Top-Line Growth
Q1 total revenue of $1.474 billion, up 19% year-over-year; company raised 2026 revenue growth outlook to ~17% and expects to achieve Rule of 60 for the first time.
Record Backlog and Bookings
Record backlog reached $8.0 billion after Q1 bookings came in ahead of expectations, signaling strong customer demand and visibility.
Robust Segment Performance
IP business grew 22% YoY; Core EDA grew 18% YoY; System Design & Analysis grew 18% YoY — broad-based strength across IP, EDA, hardware and SDA.
Margin and EPS Strength
Q1 non-GAAP operating margin ~44.7% (company referenced ~45%); GAAP operating margin 29.3%; GAAP EPS $1.23 and non-GAAP EPS $1.96 for the quarter.
Cash Flow and Capital Returns
Operating cash flow of $356 million in Q1; cash balance $1.407 billion; used $200 million for share repurchases; 2026 guidance targets $1.875–$1.975 billion operating cash flow and plans to use ~50% of free cash flow for buybacks.
Product and Technology Leadership — Agentic AI
Launched agentic full-flow platform components (AgentStack, ChipStack, ViraStack, InnoStack) and expanded AI offerings (Cerebrus, Virtuoso Studio) aimed at automating full chip-to-system design and increasing EDA consumption.
Strategic Partnerships and Customer Wins
Announced collaborations with Google (Gemini on GCP) and NVIDIA; expanded partnership with MediaTek; closed record IP deal with a leading global foundry (largest IP engagement to date).
Hardware Momentum
Hardware (Palladium/Protium) delivered the company's best quarter ever, led by AI/HPC, automotive and robotics customers; Palladium Z3 remains a market standard driving competitive displacement.
CDNS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CDNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 27, 2026 | $336.54 | $325.31 | -3.34% |
Feb 17, 2026 | $283.46 | $305.01 | +7.60% |
Oct 27, 2025 | $351.40 | $341.30 | -2.87% |
Jul 28, 2025 | $333.76 | $366.26 | +9.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cadence Design Systems (CDNS) report earnings?
Cadence Design Systems (CDNS) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is Cadence Design Systems (CDNS) earnings time?
Cadence Design Systems (CDNS) earnings time is at Jul 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDNS EPS forecast?
CDNS EPS forecast for the fiscal quarter 2026 (Q2) is 2.05.
