Form 8-K · Current report
Cadence Design Systems 8-K, filed Jul 27, 2026
- Filed
- CIK
- 0000813672
- Accession no.
- 0000813672-26-000089
Summary
Cadence Design Systems reported second-quarter 2026 revenue of $1.584 billion, up from $1.275 billion a year earlier, with non-GAAP diluted net income per share of $2.11 versus $1.65, and raised its full-year 2026 outlook to 19% revenue growth, non-GAAP EPS of $8.10 and $2 billion in operating cash flow at the midpoint, citing a record $8.1 billion backlog. CEO Anirudh Devgan attributed the results to demand for AI-driven design solutions, and CFO John Wall cited double-digit growth across all businesses.
Key points
- Quarter-end backlog was $8.1 billion, with $4.2 billion of remaining performance obligations expected to be recognized as revenue in the next 12 months.
- GAAP operating margin was 28.4% versus 19.0% in Q2 2025; non-GAAP operating margin was 45.5% versus 42.8%.
- Cadence launched AuraStack AI Super Agent, an agentic AI platform for advanced packaging and PCB, extending its AI Super Agents portfolio across the electronic system design flow.
- IP revenue grew more than 40% year-over-year, highlighted by a significant agreement with Intel, and Core EDA revenue grew 18% year-over-year.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. On July 27, 2026 Cadence Design Systems, Inc. (“Cadence”) issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.01 and a copy of the commentary by the Chief Financial Officer of Cadence regarding Cadence's financial results for the quarter ended June 30, 2026 is attached hereto as Exhibit 99.02, and the press release and the commentary are incorporated herein by reference. …
An excerpt of the text as filed with the SEC, cut for length.
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