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

Cadence Reports Q3 2026 Results, Raises Full-Year Outlook and Authorizes $2.5B Buyback

Positive Impact 4 of 5 earnings

Cadence Design Systems reported third-quarter 2026 financial results with revenue of $1.633 billion and raised its full-year 2026 revenue growth outlook to 21 percent. Additionally, the company's board of directors authorized an additional $2.5 billion for its share repurchase program following $400 million spent on buybacks during the quarter.

Key points

  • Q3 2026 revenue reached $1.633 billion, up from $1.339 billion in Q3 2025.
  • Full-year 2026 revenue outlook was raised to a range of $6.387 billion to $6.417 billion.
  • Quarter-end backlog reached a record $8.2 billion.
  • The board of directors approved an additional $2.5 billion for the share repurchase program on October 23, 2026.

The filing

CompanyCadence Design Systems (CDNS)
Form8-K, current report
Filed with the SECOct 26, 2026, 4:03 PM ET
Accession number0000813672-26-000116

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Google Gemini, gemini-3.5-flash-lite) on Oct 29, 2026, 3:00 AM ET, from the text of the filing and its press-release exhibits only.

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.