CDNS · News · 20260806N

Guidance / Outlook

CADENCE DESIGN SYSTEMS INC · 2026-08-06 · Importance 85 · Surprise 76

Third-party reporting states that Cadence raised its full-year 2026 revenue-growth target to 19%. The updated outlook followed second-quarter 2026 results and reflects management’s stronger forward view. The company was also reported to have a record $8.1 billion backlog, supporting visibility into future revenue. The reported growth target exceeds the materiality threshold and represents a forward-looking change in expectations.

Key facts

• Sixteen brokerages give Cadence an average "Moderate Buy" rating with an average 12-month price target of $405.69. source