Cadence Q2 2026 results top guidance, cites record backlog of about $8.1 billion

Reuters2026/07/27 20:28

By:Reuters

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Cadence topped its second-quarter outlook on revenue, non-GAAP operating margin, and EPS; revenue reached USD 1.58 billion.
Non-GAAP operating margin rose to 45.5%; non-GAAP EPS came in at USD 2.11.
Record backlog of about USD 8.1 billion supported a higher full-year revenue growth outlook of about 19%.
Full-year outlook increased to USD 6.26 billion-USD 6.34 billion revenue; non-GAAP EPS midpoint lifted to USD 8.1.
Share repurchases remained central to capital returns; about USD 200 million planned for Q3, roughly 50% of annual free cash flow targeted for buybacks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cadence Design Systems Inc. published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cadence Q2 2026 results top guidance, cites record backlog of about $8.1 billion

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