Cadence Q2 revenue $858M (+18% YoY), GAAP EPS $0.68; raises FY2022 guidance

CADENCE DESIGN SYSTEMS INC

2022-Q2 EPS reported $1.53 revenue$1,759,287,000

Revenue $858M vs $728M YoY; GAAP operating margin 33% vs 25%.
Non-GAAP EPS $1.08 (beat $0.86); GAAP EPS $0.68 vs $0.56.
FY2022 revenue guidance raised to $3.47B-$3.51B; non-GAAP EPS to $4.06-$4.12 (23-25% YoY growth).
Q3 2022 outlook: revenue $860-$880M, non-GAAP EPS $0.94-$0.98.
Pending OpenEye Scientific acquisition; plans ~$900M share repurchases in FY2022.

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