The earnings call reflected a strong positive performance driven by significant revenue growth, raised financial outlook, and strong demand across product segments. However, challenges included the impact of temporary export restrictions with China and a significant settlement payment. Overall, the positive aspects significantly outweigh the negatives.

Company Guidance -

Q3 2025

During Cadence's second quarter 2025 earnings call, the company reported robust financial performance, surpassing expectations with a 20% revenue growth and a 29% increase in non-GAAP EPS year-over-year. Cadence raised its annual financial outlook, projecting a 13% rise in revenue and a 16% growth in EPS for 2025. The call highlighted the strategic demand for Cadence's AI-driven product portfolio, with core EDA revenue growing by 16% and the IP business exceeding 25% growth in the quarter. Additionally, the system design and analysis business achieved a remarkable 35% increase in revenue. The company also outlined expectations for Q3 2025, projecting revenue between $1.305 billion and $1.335 billion and non-GAAP EPS ranging from $1.75 to $1.81. Cadence's robust execution and increased demand across AI, HPC, and system design workloads were key contributors to its strong outlook for the remainder of the year.

Exceeded Q2 Revenue and EPS Guidance

Cadence delivered exceptional financial results for the second quarter of 2025, exceeding revenue and EPS guidance driven by strong demand for AI-driven product portfolio.

Strong Revenue Growth and Updated Outlook

Cadence reported 20% revenue growth year-over-year for Q2 and raised the financial outlook for 2025 to 13% revenue growth and 16% EPS growth.

Record Hardware Systems Revenue

Q2 was the best revenue quarter ever for Cadence's hardware systems, driven by strong demand from AI, HPC, and automotive customers.

System Design and Analysis Business Growth

The system design and analysis business delivered 35% year-over-year revenue growth, with strong customer uptake of 3D-IC technology and AI-driven advanced substrate router.

Settlement with DOJ and BIS

Cadence reached a settlement with the DOJ and BIS, resolving investigations into certain transactions with China, showcasing commitment to compliance.

Introduction of Millennium M2000 AI Supercomputer

Cadence introduced the Millennium M2000 AI supercomputer, featuring NVIDIA Blackwell for AI accelerated simulation, offering up to 80x higher performance.

Cadence Design (CDNS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CDNS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 27, 2025	2025 (Q3)	1.79 / -	1.64	―	―	―
Jul 28, 2025	2025 (Q2)	1.56 / 1.65	1.28	28.91% (+0.37)	―
Apr 28, 2025	2025 (Q1)	1.49 / 1.57	1.17	34.19% (+0.40)	―
Feb 18, 2025	2024 (Q4)	1.82 / 1.88	1.38	36.23% (+0.50)	―
Oct 28, 2024	2024 (Q3)	1.46 / 1.64	1.26	30.16% (+0.38)	―
Jul 22, 2024	2024 (Q2)	1.23 / 1.28	1.22	4.92% (+0.06)	―
Apr 22, 2024	2024 (Q1)	1.13 / 1.17	1.29	-9.30% (-0.12)	―
Feb 12, 2024	2023 (Q4)	1.33 / 1.38	0.96	43.75% (+0.42)	―
Oct 23, 2023	2023 (Q3)	1.20 / 1.26	1.06	18.87% (+0.20)	―
Jul 24, 2023	2023 (Q2)	1.18 / 1.22	1.08	12.96% (+0.14)	―

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
Jul 28, 2025	$333.76	$366.26	+9.74%
Apr 28, 2025	$285.74	$302.22	+5.77%
Feb 18, 2025	$300.43	$274.04	-8.78%
Oct 28, 2024	$252.77	$284.45	+12.53%

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.