Apr. 27 at 10:15 PM
$CDN Cadence is seeing a surge in demand for its design tools, fueled by tech giants like
$GOOGL and
$AMZN as they build complex AI accelerators. Management highlighted "robust design activity" and high interest in AI tools, citing gains from its February acquisition of Hexagon Design & Engineering. Recently, the company reported an expansion of its relationship with
$TSM to enhance AI-driven semiconductor development.
$CDNS management cites a massive
$7.8B contract backlog, providing high visibility into future revenue. The full-year 2026 revenue outlook reflects approximately 17% YOY growth, while EPS is slightly down due to costs and margin pressures associated with the Hexagon acquisition.
Total Revenue Guidance:
$6.125B-
$6.225B.
Non-GAAP EPS:
$7.85-
$7.95
