Cadence Q1 revenue $1.474B (+19% YoY), EPS beat; raises FY2026 guidance to ~17% growth

CADENCE DESIGN SYSTEMS INC

2026-Q1 EPS reported $1.23 vs consensus $1.94 ▼ miss (-36.5%)

Q1 revenue $1.474B (up 19% YoY); GAAP EPS $1.23, Non-GAAP EPS $1.96; both above prior guidance.
Record backlog $8.0B; revenue expected to be recognized in next 12 months from RPO was $4.0B.
FY2026 revenue outlook raised to $6.125-6.225B (from $5.9-6.0B), now expecting ~17% YoY growth.
Launched AgentStack AI orchestration platform; Core EDA revenue up 18% YoY; IP revenue up 22% YoY.
Q2 2026 guidance: revenue $1.555-1.595B, Non-GAAP EPS $2.02-2.08; plans ~$200M share repurchase in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CADENCE DESIGN SYSTEMS INC reported First quarter 2026 ended March 31, 2026 results: revenue $1.474 billion, EPS $1.23 GAAP diluted net income per share, $1.96 non-GAAP diluted net income per share. Guidance raised.

Period: First quarter 2026 ended March 31, 2026
Revenue: $1.474 billion
EPS: $1.23 GAAP diluted net income per share, $1.96 non-GAAP diluted net income per share
Guidance: raised
Result: reported results

Exact text from the filing

YoY Growth SAN JOSE, Calif. — April 27, 2026 — Cadence (Nasdaq: CDNS) today announced results for the first quarter of 2026. First Quarter 2026 Financial Results • Revenue of $1.474 billion, compared to revenue of $1.242 billion in Q1 2025 • GAAP operating margin of 29.3%, compared to 29.1% in Q1 2025 • Non-GAAP operating margin of 44.7%, compared to 41.7% in Q1

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Source: SEC EDGAR

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