Short answer
Cadence Design Systems (CDNS) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 30, 2026.
Cadence Design Systems Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,584.5M, up 24% YoY from $1,275.4M
- Services revenue $153.8M, up 47% YoY; product and maintenance $1,430.7M, up 22%
- Core EDA largest category at 68% of revenue; Semiconductor IP strongest mix gain at 15% vs 13% YoY
- Recurring revenue 78% vs 78% YoY; operating expenses 54% vs 55% of revenue
- Fiscal 2026 expense headwinds from acquisitions; expanded trade controls, tariffs and geopolitical risks monitored
Risk Factors
- Newly updated cyber risk triggered by disclosed theft of limited test files, configuration files, and source-code files
- Cybersecurity exposure heightened by AI-enabled attacks and third-party cloud dependencies
- Geopolitical risk increased through U.S.-China tensions, tariffs, trade restrictions, and Taiwan supply-chain exposure
- Near-term demand risk from weaker customer chip-design activity and reduced research-and-development spending
- Financial-market risk from bank failures, credit downgrades, and market-wide liquidity problems affecting customers and counterparties
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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