---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-26-000044"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2026-04-27T23:59:59+00:00"
generated_at: "2026-05-15T04:08:32.682694+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000813672-26-000044
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2026-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813672/000081367226000044/0000813672-26-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367226000044/cdns-20260427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-26-000044
- JSON: https://secwatch.observer/filing/0000813672-26-000044.json
- Plain text: https://secwatch.observer/filing/0000813672-26-000044.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/813672/000081367226000044/0000813672-26-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.