Earnings Releases·Oct 26, 2026, 4:03 PM ET

Cadence — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $1.633 billion, a 22% year-over-year increase, while non-GAAP diluted net income per share rose to $2.11 from $1.93; GAAP diluted net income per share remained flat at $1.05.
The company raised its full-year 2026 revenue guidance to $6.387 billion–$6.417 billion (21% growth) and updated full-year non-GAAP EPS guidance to $8.37–$8.43, citing a record backlog of $8.2 billion and 18% recurring revenue growth.
Strategic momentum is driven by the launch of the Maestro AI model portfolio and over 100 active engagements for AI Super Agents, with all business segments (Core EDA, IP, System Design) delivering double-digit year-over-year growth.
Capital allocation included $400 million in share repurchases during the quarter and a Board authorization for an additional $2.5 billion to the repurchase program.