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Cadence Design Systems Q1 Adjusted Earnings, Revenue Rise; 2026 Guidance Revised

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-- Cadence Design Systems (CDNS) reported Q1 adjusted earnings late Monday of $1.96 per diluted share, up from $1.57 a year earlier.

Analysts polled by FactSet expected $1.88.

Revenue for the three months ended March 31 was $1.47 billion, up from $1.24 billion a year earlier.

Analysts surveyed by FactSet expected $1.45 billion.

The company now expects full-year 2026 adjusted EPS of $7.85 to $7.95 on revenue of $6.13 billion to $6.23 billion. It earlier expected adjusted EPS of $8.05 to $8.15 on revenue of $5.9 billion to $6 billion.

Analysts expect EPS of $7.87 on revenue of $6.13 billion.

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