CDNS Q2 FY2026 earnings: EPS beat by 2.9%, revenue beat by 0.5%
Cadence Design Systems reported Q2 FY2026. EPS came in at $2.11 against a $2.05 consensus, beat by 2.9%. Revenue was $1.6B versus $1.6B expected, beat by 0.5%. Gross margin was 96.0%, up 20 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $2.11 | $2.05 | beat by 2.9% |
| Revenue | $1.6B | $1.6B | beat by 0.5% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $1.6B | +7.5% | +24.2% |
| Gross profit | $1.5B | +7.6% | +39.3% |
| Operating income | $450.3M | +4.4% | +21.6% |
| Net income | $367.1M | +9.4% | +129.3% |
| Diluted EPS | $1.33 | +8.1% | +125.4% |
| Gross margin: 96.0%. |
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The trend
Revenue is up 24.2% from the same quarter last year. Gross margin sits at 96.0%, a new high for the period charted.
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How it stacks up
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