Cadence Design Systems (NASDAQ:CDNS) surprises with Q3 2026 sales, full-year outlook slightly exceeds expectations

Electronic design automation company Cadence Design Systems (NASDAQ:CDNS) reported Q3 2026 results exceeding the market’s revenue expectations, with revenue up 22% year on year to $1.63 billion. The company’s full-year revenue guidance of $6.4 billion at the midpoint came in 1.3% above analysts’ consensus estimates. Its non-GAAP profit of $2.11 per share was 2.8% above analysts’ consensus estimates.