Cadence Design Systems Inc

CDNS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cadence Earnings: Record Backlog and Agentic AI Momentum Drive Outlook Raise

Eric Compton

Apr 28, 2026

Cadence reported a powerhouse first quarter to start 2026, with revenue growing 19% year over year and a record backlog of $8 billion. The firm raised its full-year revenue growth outlook to 17%.

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Cadence Design Systems Inc

Cadence Earnings: Record Backlog and Agentic AI Momentum Drive Outlook Raise

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