Cadence Design Systems, Inc. (CDNS)

Cadence Design Systems beat expectations on both revenue and adjusted EPS in the second fiscal quarter of 2026, reported July 27, 2026, as revenue rose 24% to about $1.6 billion from $1.28 billion a year ago. EPS of $2.11 topped the $2.05 estimate by 2.9%, up from $1.65 a year ago, while net income climbed 129.3% to about $367.1 million from $160.1 million. Gross profit reached about $1.35 billion and operating income came in at roughly $450.3 million, with gross margin near 85% and operating margin about 28%. Operating cash flow was $634.9 million, and the company repurchased $200.0 million of stock. Consensus for the next period calls for EPS of $2.04 on revenue of $1.61 billion.