Cadence Q2 revenue $1.58B beats; raises FY2026 revenue outlook to 19% growth, non-GAAP EPS to $8.10

CADENCE DESIGN SYSTEMS INC

Q2 revenue $1.584B (+24% YoY); GAAP EPS $1.33, non-GAAP EPS $2.11; record backlog $8.1B.
FY2026 revenue guidance raised to $6.26-6.34B (19% YoY growth); non-GAAP EPS raised to $8.05-8.15; operating cash flow ~$2B.
Q3 2026 guidance: revenue $1.595-1.625B, non-GAAP EPS $2.01-2.07; plans ~$200M share repurchase.
IP revenue grew >40% YoY; Core EDA revenue +18% YoY; System Design & Analysis +37% YoY.
Launched AuraStack AI Super Agent for advanced packaging/PCB; strong early traction for AI Super Agents portfolio.

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