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AI brief of an SEC Form 8-K · Cadence Design Systems (CDNS)

Cadence raises 2026 revenue outlook after Q1 revenue rises to $1.474 billion

Positive Impact 4 of 5 guidance Written later

Cadence reported first-quarter 2026 revenue of $1.474 billion, up from $1.242 billion a year earlier, and non-GAAP diluted earnings of $1.96 per share, up from $1.57. The company raised its full-year 2026 revenue outlook to $6.125 billion to $6.225 billion, from a prior range of $5.900 billion to $6.000 billion, and reported a record backlog of $8.0 billion.

Key points

  • Q1 2026 revenue of $1.474 billion vs. $1.242 billion in Q1 2025
  • Q1 2026 GAAP diluted EPS of $1.23 vs. $1.00; non-GAAP diluted EPS of $1.96 vs. $1.57
  • FY 2026 revenue outlook raised to $6.125 billion-$6.225 billion from $5.900 billion-$6.000 billion
  • Quarter-end backlog of $8.0 billion; about $200 million planned for share repurchases in Q2 2026

The filing

CompanyCadence Design Systems (CDNS)
Form8-K, current report
Filed with the SECApr 27, 2026, 4:03 PM ET
Accession number0000813672-26-000044

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 27, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.