CDNS Q2 adj EPS $2.11 vs. est. $2.06; Q2 revs rose 24.2% Y/y to $1.584B vs. est. $1.58B; raises FY26 EPS view to $8.05-$8.15 from $7.85-$7.9
CDNS Q2 adj EPS $2.11 vs. est. $2.06; Q2 revs rose 24.2% Y/y to $1.584B vs. est. $1.58B; raises FY26 EPS view to $8.05-$8.15 from $7.85-$7.95 and boosted its FY26 revenue view to $6.26B-$6.34B from $6.125B-$6.225B, (above consensus $6.21B); Backlog ended the quarter at $8.1B, with $4.2B in remaining performance obligations expected to be recognized over the next 12 months; shares +0.7%
CDNS Q2 adj EPS $2.11 vs. est. $2.06; Q2 revs rose 24.2% Y/y to $1.584B vs. est. $1.58B; raises FY26 EPS view to $8.05-$8.15 from $7.85-$7.95 and boosted its FY26 revenue view to $6.26B-$6.34B from $6.125B-$6.225B, (above consensus $6.21B); Backlog ended the quarter at $8.1B, with $4.2B in remaining performance obligations expected to be recognized over the next 12 months; shares +0.7%