Cadence Design Q1 Beats, Outlook Up 17%

Cadence Design Systems posted Q1 2026 revenue of $1.474 billion, surpassing the $1.45 billion Wall Street estimate and up 19% YoY.
Core EDA revenue grew 18% YoY, while the hardware segment delivered a record quarter driven by AI, HPC, automotive and robotics demand.
Adjusted earnings were $1.96 per share, topping analyst forecasts of $1.92, and the IP business posted 22% YoY growth.
Fiscal 2026 revenue outlook lifted to $6.125‑$6.225 billion (~17% YoY) with adjusted EPS guidance of $7.85‑$7.95 and operating margins near 28% GAAP, 44% adjusted.