CADENCE DESIGN SYSTEMS INC — Form 8-K
Filed October 26, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Cadence reported Q3 2026 revenue of $1.633B (+22% YoY) and raised full-year revenue growth guidance to 21% (midpoint $6.402B). Record backlog reached $8.2B with $4.2B expected to recognize in next 12 months. Non-GAAP EPS raised to $8.37–$8.43 (midpoint $8.40). Company repurchased $400M shares in Q3; Board authorized additional $2.5B repurchase program.
Why this rating
Strong revenue acceleration, raised guidance thrice, record backlog meaningful for $84B company. AI momentum real but execution risk remains on integrations and DOJ obligations.
See more from October 26, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.