Cadence Design Systems raises 2026 revenue outlook after strong first-quarter results
Updated
Updated · MarketWatch · Apr 27
Cadence Design Systems raises 2026 revenue outlook after strong first-quarter results
12 articles · Updated · MarketWatch · Apr 27
The company now expects 2026 revenue between $6.13 billion and $6.23 billion, up from $5.9 billion to $6 billion, after reporting first-quarter revenue of $1.47 billion.
First-quarter profit rose to $335.7 million, or $1.23 per share, while adjusted earnings reached $1.96 per share, beating analyst estimates. However, Cadence lowered its adjusted earnings outlook to $7.85-$7.95 per share.
Cadence ended the quarter with an $8 billion backlog and expects $4 billion in revenue from remaining performance obligations over the next 12 months, reflecting continued strong demand for its chip design software.
Why did Cadence lower its profit outlook despite forecasting higher revenue?
Is Cadence's billion-dollar expansion into system simulation a wise long-term bet?
Can Cadence's AI strategy outmaneuver the newly merged Synopsys-Ansys giant?
As AI chips boom, is EDA software the new kingmaker of the tech industry?
How vulnerable is Cadence's growth to escalating US-China tech tensions?