secwatch.observer — SEC 8-K summary
======================================

Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0000813672-26-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367226000044/0000813672-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367226000044/cdns-20260427.htm
  HTML page:      https://secwatch.observer/filing/0000813672-26-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer