Form 10-Q · Quarterly report
Cadence Design Systems 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000813672
- Accession no.
- 0000813672-26-000092
Summary
Cadence Design Systems reported in its quarterly filing that it completed its acquisition of the design and engineering business of Hexagon Smart Solutions AB on February 23, 2026, and that recurring revenue was 78% of total revenue for the three and six months ended June 30, 2026. Cadence said it expects the impact of expanded U.S. trade control laws and regulations on its business to be limited but will continue to monitor them.
Key points
- Cadence completed its acquisition of the design and engineering business of Hexagon Smart Solutions AB on February 23, 2026, expanding its System Design and Analysis portfolio.
- Recurring revenue was 78% of total revenue for the three and six months ended June 30, 2026, versus 78% and 80% a year earlier.
- BIS issued an interim final rule effective September 29, 2025 extending export restrictions to entities 50% or more owned by Entity List or Military End-User List parties, then suspended it for one year on November 11, 2025, with the suspension set to expire November 9, 2026.
- Cadence said geopolitical conflicts, including the conflict with Iran and others in the Middle East, have not materially limited its ability to develop or support its products.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Business Overview Cadence® is a global technology leader that develops computational, AI-driven software, accelerated hardware, and silicon intellectual property (“IP”) products and solutions. Our customers include companies that design and manufacture semiconductors, as well as companies that design and manufacture electromechanical systems containing various types of semiconductor and other electronics. Our products and solutions empower our customers to design, verify and bring to life new and innovative products. …
An excerpt of the text as filed with the SEC, cut for length.
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