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 19% Growth Outlook Signal All Is Well

Eric Compton

Jul 28, 2026

Cadence Design Systems' second-quarter revenue grew 24% year over year to $1.58 billion, while non-GAAP operating margin expanded to 45.5%. Results were generally ahead of expectations, and management increased its full-year guidance.

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Cadence Design Systems Inc

Cadence Earnings: Record Backlog and 19% Growth Outlook Signal All Is Well

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