Short answer
Cadence Design Systems (CDNS) filed an 8-K current report with the SEC on April 27, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Cadence reported financial results for quarter ended March 31, 2026.
Cadence Design Systems 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Cadence reported financial results for quarter ended March 31, 2026
- Press release and CFO commentary attached as Exhibits 99.01 and 99.02
- Investors should review exhibits for revenue, earnings, margins, and outlook details
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue reached $1.474B, up from $1.242B, with non-GAAP EPS rising to $1.96 from $1.57
- Record $8.0B backlog and $4.0B expected next-12-month revenue support strong forward visibility
- 2026 revenue outlook raised to $6.125B–$6.225B, implying approximately 17% year-over-year growth
- Core EDA grew 18%, IP grew 22%, and System Design and Analysis grew 18%, led by AI and HPC demand
- Hexagon D&E acquisition drove $2.075B cash investment, reduced cash to $1.407B, and added $425M revolving-credit borrowings
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