Cadence Design Systems — 2026Q3 財報

來自財報

Revenue of $1.584 billion and non-GAAP EPS of $2.11 arrived with a record $8.1 billion backlog, and Cadence raised its 2026 outlook to 19% revenue growth and $8.10 of non-GAAP EPS at the midpoint.

• “Revenue of $1.584 billion, compared to revenue of $1.275 billion in Q2 2025”

  Revenue for the quarter was $1.584 billion against $1.275 billion in the same quarter of 2025.

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• “Non-GAAP diluted net income per share of $2.11, compared to $1.65 in Q2 2025”

  The $2.11 this page carries as the quarter's earnings per share is the non-GAAP figure, up from $1.65 a year earlier. The release prints a GAAP per-share figure alongside it.

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• “GAAP operating margin of 28.4%, compared to 19.0% in Q2 2025”

  GAAP operating margin was 28.4% against 19.0% a year earlier — a far wider swing than the non-GAAP margin moved, because the year-ago base carried a one-off charge.

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• “Related to resolution of previously disclosed legal proceedings with the DOJ and BIS.”

  That year-over-year GAAP comparison is not like-for-like. The release's own reconciliation carries a 'Loss related to contingent liability' line in the year-ago quarter only, footnoted as the resolution of the company's legal proceedings with the DOJ and BIS.

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• “Quarter-end backlog was $8.1 billion and revenue expected to be recognized in the next 12 months from remaining performance obligations was $4.2 billion”

  Backlog ended the quarter at a record $8.1 billion, of which the release expects $4.2 billion to be recognized as revenue over the next twelve months — roughly half the book converts inside a year.

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• “With a record backlog and continued business momentum, we are now raising our 2026 outlook to 19% revenue growth, non-GAAP operating margin to 44.25%, non-GAAP EPS to $8.10, and operating cash flow to $2 billion at the midpoint.”

  CFO John Wall tied the raised outlook to the backlog and named all four raised lines: 19% revenue growth, 44.25% non-GAAP operating margin, $8.10 non-GAAP EPS and $2 billion of operating cash flow, each at the midpoint.

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• “IP revenue grew more than 40% year-over-year, driven by strong demand for Cadence’s Star IP portfolio, highlighted by a significant agreement with Intel and additional wins with leading semiconductor companies”

  The standout segment was IP, up more than 40% year over year, and the release names a customer rather than leaving the demand abstract — a significant agreement with Intel.

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• “System Design and Analysis revenue grew 37% year-over-year, driven by strong adoption of Cadence's PCB and advanced packaging solutions and continued integration of the Hexagon D&E business”

  System Design and Analysis grew 37%, but the release itself attributes part of that to continued integration of the acquired Hexagon D&E business — so this line is not a clean organic growth rate.

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• “An archive of the webcast will be available starting July 27, 2026 at 5 p.m. (Pacific) and ending September 16, 2026 at 5 p.m. (Pacific).”

  Cadence held an audio webcast for this quarter and announced a closing date for the replay: the archive window ran from July 27 to September 16, 2026, so as of this review's date the announced window has passed and the webcast link on this page may no longer play.

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