Form 8-K · Current report
Cadence Design Systems 8-K, filed Oct 26, 2026
- Filed
- CIK
- 0000813672
- Accession no.
- 0000813672-26-000116
Summary
Cadence Design Systems reported third-quarter 2026 revenue of $1.633 billion, up from $1.339 billion a year earlier, non-GAAP diluted EPS of $2.11, and a record $8.2 billion backlog, and raised its full-year 2026 revenue growth outlook to 21%. The board authorized an additional $2.5 billion for share repurchases, and Cadence said it launched Maestro, a portfolio of domain-specialized AI models for chip and system design.
Key points
- Q3 2026 revenue was $1.633 billion versus $1.339 billion in Q3 2025; GAAP diluted EPS was $1.05 and non-GAAP diluted EPS was $2.11.
- Quarter-end backlog was $8.2 billion, and revenue expected to be recognized in the next 12 months from remaining performance obligations was $4.2 billion.
- The board approved up to an additional $2.5 billion for share repurchases, after Cadence used $400 million to repurchase shares in Q3.
- CEO Anirudh Devgan cited the launch of Maestro and deployment of AI Super Agents as positioning Cadence for the agentic AI opportunity; CFO John Wall said Q3 revenue grew 22% 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
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. On October 26, 2026 Cadence Design Systems, Inc. (“Cadence”) issued a press release announcing its financial results for the quarter ended September 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 September 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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