CDNS · News · 20260808N
Guidance / Outlook
CADENCE DESIGN SYSTEMS INC · 2026-08-08 · Importance 85 · Surprise 76 · Contradicted
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
- TIKR reported Cadence raised its full-year 2026 revenue growth target to 19% and reported a record $8.1 billion backlog. source
- TIKR's model suggests a fair value of $591 for Cadence, implying a 74% upside from the current price. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | +255.6% | TIKR reported Cadence raised its full-year 2026 revenue growth target to 19% and reported a record $8.1 billion backlog. |
| revenue | positive | committed | — | TIKR reported Cadence raised its full-year 2026 revenue growth target to 19% and reported a record $8.1 billion backlog. |