Cadence Q2 FY26 GAAP EPS more than doubled to $1.33; revenue rises 24.2% to $1.58 billion

• Cadence Design Systems posted Q2 2026 revenue of $1.58 billion, up 24.23% year over year.
• GAAP diluted EPS more than doubled to $1.33, while GAAP operating margin widened to 28.4% from 19.0% a year earlier.
• Non-GAAP diluted EPS rose to $2.11, while non-GAAP operating margin expanded to 45.5% from 42.8%.
• Backlog ended the quarter at $8.1 billion, with $4.2 billion in remaining performance obligations expected to be recognized over the next 12 months.
• Cadence raised its 2026 outlook to revenue of $6.26 billion-$6.34 billion, non-GAAP EPS of $8.05-$8.15, and non-GAAP operating margin of 43.75%-44.75%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cadence Design Systems Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260726697902) on July 27, 2026, and is solely responsible for the information contained therein.