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 84.9%, down 1090 bps from last quarter.
Guidance “Given the growing business momentum and accelerating demand, we are raising our guidance for the year to 19% revenue growth and with higher profitability as we become more central to our customers as a strategic and trusted partner.”
Demand & Orders “Second-quarter bookings resulted in a record backlog of $8.1 billion.”
4 more flagged statementsand 1 tone events from this call are in the Pro read.
Subscribe — $49.99/mo →| 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 | $1.3B | -4.8% | +23.3% |
| 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: 84.9%. |
Revenue is up 24.2% from the same quarter last year. Gross margin sits at 84.9%, 1090 bps off its 8-quarter high.
This section is part of the Pro report for CDNS.
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