Cadence Design Systems, IncNasdaq: CDNS
Information Technology · Application Software
$341.31
+3.56%
Vol: 1.3M
Research Digest
Friday, May 1, 2026
Cadence beats Q1 2026 with $1.47B revenue on AI demand; raises 2026 guidance to 17% growth.
Cadence Q1 2026 revenue $1.47B vs $1.45B est, adjusted EPS $1.96 vs $1.90 est (+18.7% YoY). Record $8B backlog. Raised 2026 revenue guidance to 17% growth, expects to achieve rule of 60 first time. Key partnerships: TSMC expansion, Google Cloud collaboration, Nvidia AI/robotics. Hexagon acquisition strengthens physical AI portfolio.
Previous Market Intelligence
13 daysApr 30Cadence beat Q1 2026 estimates with record $8B backlog; raised FY2026 revenue guidance to 17% growth and expanded AI partnerships with TSMC/Nvidia.Positive▶
Cadence Design Systems beat Q1 estimates with $1.47B revenue (vs. $1.45B consensus) and $1.96 adjusted EPS (vs. $1.90). Company ended with record $8B backlog and raised FY2026 revenue guidance to 17% growth, expecting to achieve rule of 60 for the first time. Expanded AI partnerships with TSMC on advanced nodes and deepened NVIDIA alliance on agentic AI design. Launched AgentStack framework for autonomous chip/3D-IC design. Multiple analyst upgrades: KeyBanc raised target to $425 (from $405), Rosenblatt to $375 (from $360). Wells Fargo raised to $400. Stock fell 3.3% post-earnings to $325.33.
Apr 16Cadence Design Systems keynote on Agentic AI announced for CadenceLIVE 2026, stock surges 8.48%Positive▶
Cadence Design Systems announced Agentic AI special keynote address for CadenceLIVE Silicon Valley 2026, with CEO Anirudh Devgan to deliver keynote and participate in fireside chat with NVIDIA CEO Jensen Huang. Stock jumped 8.48% ($22.54) on announcement. Company reported Q4 FY2025 EPS of $1.99, beating estimates of $1.77 (12.43% beat). CDNS maintains strategic collaboration with NVIDIA for agentic AI chip and system design engineering solutions. Partnership also announced with Lightmatter for AI infrastructure enhancement. Q1 2026 earnings expected April 27 with EPS estimate of $1.74.
Apr 15Cadence Design Systems stock surged 8.5% on CadenceLIVE 2026 conference and NVIDIA partnership for AI-accelerated workflows.Positive▶
Cadence jumped 8.48% following CEO Anirudh Devgan's keynote at CadenceLIVE Silicon Valley 2026 featuring a fireside chat with NVIDIA CEO Jensen Huang. The company reported Q1 2026 EPS of $1.99, beating estimates by $0.08, with revenue of $1.44B. Q1 financial results webcast scheduled for April 27; FY 2026 guidance set at 8.05-8.15 EPS.
Apr 14Cadence rebounds 8.5% on oversold SaaS recovery and AI chip demand tailwinds from Broadcom-Google custom chip deal.Positive▶
Cadence Design Systems surged 8.5% on April 13 as traders bought oversold SaaS positions. BNP Paribas expects Broadcom's Google custom AI chip agreement to increase demand for Cadence EDA tools. FY2026 guidance: revenue $5.9-6.0B, non-GAAP EPS $8.05-8.15. Q1 earnings expected April 27. March collaboration with NVIDIA on AI for Design. Stock at $288.20.
Apr 13Q1 2026 earnings webcast set for April 27; stock gains on AI chip tailwinds and eased geopolitical risks.Positive▶
Cadence Design Systems beat quarterly revenue estimates with strong demand for AI chip design software. Q1 2026 financial results will be presented on April 27. Strong analyst coverage with 15 analysts maintaining Strong Buy rating and $369.47 price target (+30.14% upside). Robeco increased its stake by 19.5% in Q4 2025. Expanded collaboration with NVIDIA in March 2026.
Apr 10Cadence Design Systems shares jump 3.7% after Nasdaq rally; announces Q1 earnings webcast April 27.Positive▶
Cadence stock jumped 3.7% April 8 on broader tech rally. VP Paul Cunningham sold 1,000 shares at $280.19 per share April 1. Q1 2026 results webcast April 27, 2026. Stock at $286.50, up 2.51%. Expanded collaboration with NVIDIA on Design for AI strategy. 15 analysts rate Strong Buy with 12-month target $369.47.
Apr 9Cadence Design Systems announces Q1 FY2026 results webcast for April 15; expands NVIDIA AI collaboration.Positive▶
Cadence Design Systems announced its Q1 2026 financial results webcast for April 15, 2026. The company expanded its collaboration with NVIDIA on agentic AI design solutions, with accelerated EDA and circuit analysis tools launching in 2026. Cadence and NVIDIA unveiled accelerated engineering solutions for agentic AI chip and system design featuring autonomous, long-running agents. Recent February earnings beat drove stock pop on custom chip optimism. Exchange Traded Concepts increased its stake by 22.5% in Q4 2025. Stock popped 3.7% on geopolitical de-escalation; currently at $288.49 with market cap of $78.66B. Technical performance shows mixed recent results.
Apr 8Cadence Design Systems prepares Q1 earnings with analyst optimismPositive▶
Cadence Design Systems is set to report fiscal Q1 2026 results on April 27 with analysts forecasting a 27.7% EPS increase. Despite recent volatility and a 5.61% monthly decline, Q4 2025 EPS of $1.99 beat estimates by 12.43%, maintaining strong analyst sentiment with many recommending Strong Buy.
Apr 7Cadence reports Q4 revenue beat with record backlog and NVIDIA partnership expansionPositive▶
Cadence Design Systems posted revenue and earnings ahead of expectations in late March 2026 with record backlog and strong AI-enabled IP demand. Q4 2025 revenue $1.44B, adjusted EPS $1.99. Q1 2026 earnings webcast April 15 with 27.7% EPS growth forecasted. Expanded partnership with NVIDIA deploying Millennium M2000 supercomputer and agentic AI design flows. Analysts maintain Strong Buy rating despite 10.71% decline over past month.
Apr 6Cadence extends NVIDIA collaboration; posts strong Q4 earnings above consensus with $7.8B backlogPositive▶
Cadence Design Systems extended its collaboration with NVIDIA, integrating accelerated computing more deeply into AI-driven design tools. The company posted quarterly revenue of $1.44B and EPS of $1.99, both above consensus. With a $7.8 billion backlog and positive outlook driven by strong AI demand, Cadence stock closed at $280.19. Eighteen brokerages rate the stock "Moderate Buy" with an average 1-year price target of $376.50.
Apr 3Cadence extends NVIDIA collaboration on AI-driven design tools; Q4 2025 EPS beats at $1.99 vs $1.91 forecast.Positive▶
Cadence Design Systems extended its strategic collaboration with NVIDIA, integrating NVIDIA's accelerated computing stack into Cadence's AI-driven design tools. Q4 2025 results showed EPS of $1.99 (beat $0.08) and revenue of $1.44 billion with record $7.8 billion backlog. IP segment grew nearly 25% and core EDA business rose 13% in 2025. 2026 guidance: revenue $5.9-6.0 billion, adjusted EPS $8.05-8.15.
Apr 2Cadence Design Systems expanded NVIDIA AI collaboration integrating accelerated computing stack; stock under pressure with 7.6% monthly decline.Mixed▶
Cadence extended its strategic partnership with NVIDIA, integrating accelerated computing stack into AI-driven design tools for semiconductor, automotive, aerospace and energy workflows. Q1 FY2026 earnings beat with EPS of $1.99 vs. consensus of $1.91 and revenue of $1.44B vs. estimate of $1.42B. However, stock declined 7.6% over 30 days and 9.7% year-to-date due to valuation concerns (P/E of 70.8x vs. software average of 28.3x). CEO Alok Jain appointed as Managing Director for India.
Apr 1Cadence Design Systems completed $2.7 billion acquisition of Hexagon's Design and Engineering business on March 31, 2026.Positive▶
Cadence reported solid Q4 2025 revenue of $1.44 billion (up 6.2% YoY) and completed its $2.7 billion acquisition of Hexagon's Design and Engineering business, expected to contribute $160 million to 2026 revenue. Also acquired Arm's Artisan foundation IP. Management guided 2026 revenue to $5.9B-$6.0B.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CDNSCADENCE | $341.31 | +3.56% | +18.0% | 35.1x | 1.04 | $91.0B |
| ORCLORACLE | $171.78 | +6.44% | +10.9% | 20.1x | 1.60 | $464.2B |
| PLTRPALANTIR | $144.27 | +3.71% | -6.0% | 74.6x | 1.67 | $333.5B |
| APPAPPLOVIN | $461.07 | +3.30% | +8.2% | 21.9x | 2.50 | $150.1B |
| CRMSALESFORCE | $184.10 | +4.29% | -4.6% | 11.8x | 1.29 | $144.4B |
| INTUINTUIT | $398.68 | +2.62% | -6.9% | 14.7x | 1.21 | $108.1B |
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