CDNS Q3 FY2026 earnings: EPS beat by 2.9%, revenue beat by 1.3%
Cadence Design Systems reported Q3 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 1.3%. Gross margin was 85.6%, up 70 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 1.3% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $1.6B | +3.1% | +22.0% |
| Gross profit | $1.4B | +3.9% | +20.8% |
| Operating income | $428.7M | -4.7% | -5.3% |
| Net income | $289.7M | -21.1% | +0.9% |
| Diluted EPS | $1.05 | -21.1% | +0.0% |
| Gross margin: 85.6%. |
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The trend
Revenue is up 22.0% from the same quarter last year. Gross margin sits at 85.6%, 130 bps off its 8-quarter high.
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How it stacks up
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