Cadence posts $1.633B quarter and raises 2026 revenue outlook to as much as $6.417B
Cadence grew third-quarter revenue to $1.633B with a record $8.2B backlog and raised its 2026 revenue outlook to $6.387B–$6.417B.
Cadence reported third-quarter revenue of $1.633B, up from $1.339B a year earlier, with non-GAAP earnings of $2.11 per share. Backlog reached a record $8.2B. (Cadence 8-K)
The chip-design software maker raised its 2026 revenue outlook to $6.387B–$6.417B, or about 21% growth, and said all product groups grew by double digits. (Cadence CFO commentary; Benzinga)