Cadence Q2 revenue $1.275B (+20% YoY); raises FY 2025 revenue & non-GAAP EPS guidance

CADENCE DESIGN SYSTEMS INC

2025-Q2 EPS reported $1.59 vs consensus $1.59 ▲ beat (+0.3%)

GAAP EPS $0.59 (incl. $140.6M DOJ/BIS settlement charge); Non-GAAP EPS $1.65, above guidance.
FY 2025 revenue outlook raised to $5.21B-$5.27B; non-GAAP EPS raised to $6.85-$6.95.
Q2 Core EDA revenue +16% YoY, IP +25%, System Design +35% YoY.
Backlog $6.4B; cRPO $3.1B; operating cash flow $378M in Q2.
Q3 2025 outlook: revenue $1.305B-$1.335B; non-GAAP EPS $1.75-$1.81.

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