StockStory8d agoneutral
CDNS Q1 Deep Dive: AI Demand Drives Growth, Margin Guidance Adjusts Post-Hexagon AcquisitionElectronic design automation company Cadence Design Systems (NASDAQ:CDNS) reported Q1 CY2026 results exceeding the market’s revenue expectations, with sales up 18.7% year on year to $1.47 billion. The company’s full-year revenue guidance of $6.18 billion at the midpoint came in 0.7% above analysts’ estimates. Its non-GAAP profit of $1.96 per share was 4% above analysts’ consensus estimates.
