Cadence Design Systems, Inc. (CDNS) earnings on July 27, 2026
More Cadence Design Systems, Inc. earnings
Prior outlook: Pessimistic Outcome: Partial
The stock swung widely, climbing 7.55% but falling as much as 2.18%, yet closed 1.8% higher despite chip sector weakness.
CDNS price around the earnings
344.72
Change: +1.8%
2026-07-28, 20:00 UTC
Start of the measured window
End of the measured window
335.01
343.64
352.28
360.91
338.61
July 27, 2026
July 28, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
- Results released
Pre-release: Strong analyst support and beat history, but severe negative recent trend, chip sector weakness, and high IV create unfavorable setup.
Context analyzed before publication
- Trend
- Persistent selloff into earnings; trajectory improved from -53.5 to -37.9 but remains deeply negative.
Analysts
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.44
- Analysts covering the stock
- 26
- Average price target
- 395.94
- Lowest price target
- 275
- Highest price target
- 470
- Upside to price target
- 16.7%
- Quarterly earnings growth
- 22.7%
- Revenue growth
- 18.7%
- Forward EPS
- 9.4
- Trailing EPS
- 4.27
- Analyst moves in the last 60 days
- 3
- Strong buy: 5
- Buy: 17
- Hold: 3
- Sell: 0
- Strong sell: 0
- Strong buy
- 5
- Buy
- 17
- Hold
- 3
- Sell
- 0
- Strong sell
- 0
- July 16, 2026 · Benchmark: Initiates coverage (Buy)
- July 14, 2026 · Rosenblatt: Maintains rating (Buy → Buy)
- June 9, 2026 · Stifel: Maintains rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- Cadence Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- $1000 Invested In Cadence Design Systems 10 Years Ago Would Be Worth This Much Today (opens in a new tab) — Benzinga
- Why Is Cadence Design Systems Stock Sinking Friday? (opens in a new tab) — Benzinga
- Reported Earlier, Rapidus Integrates Cadence InnoStack AI Super Agent Into Its AI-Agentic Design Solution To Enhance Advanced-Node SoC Design (opens in a new tab) — Benzinga
- Recent Report Shows That Rep. Byron Donalds Sold Up to $60K Worth of Cadence Design Systems Stock (opens in a new tab) — Benzinga
- Benchmark Initiates Coverage On Cadence Design Systems with Buy Rating, Announces Price Target of $450 (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 4.4%
- Distance to 52-week high
- -18.5%
- 14-day change (14d)
- -15.1%
- 30-day change (30d)
- -12.4%
- 30-day relative strength
- -8.7%
- QQQ change (30d)
- -3.7%
- Nearest support
- 323.96
- Nearest resistance
- 326.49
- Volume accumulation ratio (14d / 46d)
- 1.04
Trends
Evidence
- Average earnings surprise
- +5.5%
- April 27, 2026: actual EPS 1.96 vs estimate 1.89 (surprise +4.0%)
- February 17, 2026: actual EPS 1.99 vs estimate 1.91 (surprise +4.1%)
- October 27, 2025: actual EPS 1.93 vs estimate 1.79 (surprise +7.8%)
- July 28, 2025: actual EPS 1.65 vs estimate 1.56 (surprise +6.0%)
Expected move
- Implied move
- +4.8%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 3.7%
- 75th percentile move
- 6.1%
- 90th percentile move
- 8.9%
- Up / down moves
- 9 / 11
- Average up move
- +5.8%
- Average down move
- -3.2%
Monitoring and close
What Cadence Design Systems, Inc. reported
- Status
- Finished
| Actual EPS | 2.11 |
|---|---|
| EPS estimate | 2.06 |
| EPS surprise | +2.4% |
| Revenue | $1,584 million |
| Revenue estimate | $1,577 million |
| Revenue surprise | +0.4% |
Cadence beat Q2 estimates and raised its full-year outlook, driven by AI demand. Several analysts raised price targets, reflecting optimism.
Sources (30)
- B of A Securities Maintains Buy on Cadence Design Systems, Raises Price Target to $420 (opens in a new tab) — Benzinga
- Cadence Stock Jumps 5% as AI Chip Demand Lifts Forecast (opens in a new tab) — GuruFocus.com
- Cadence Q2 Earnings Top Estimates, 2026 Revenue Outlook Raised (opens in a new tab) — Zacks
- CDNS Q2 Earnings Call Highlights Agentic AI Demand (opens in a new tab) — Zacks
- Rosenblatt Maintains Buy on Cadence Design Systems, Raises Price Target to $420 (opens in a new tab) — Benzinga
- Citigroup Maintains Buy on Cadence Design Systems, Raises Price Target to $420 (opens in a new tab) — Benzinga
- Record Backlog, Bigger Outlook: Cadence Rides AI Wave to Blowout Quarter (opens in a new tab) — Benzinga
- These Analysts Boost Their Forecasts On Cadence Design Systems Following Upbeat Q2 Earnings (opens in a new tab) — Benzinga
- Baird Maintains Outperform on Cadence Design Systems, Raises Price Target to $420 (opens in a new tab) — Benzinga
- Cadence Design Systems Raises Full-Year Outlook Following Second-Quarter Earnings Beat (opens in a new tab) — MT Newswires
- Needham Reiterates Buy on Cadence Design Systems, Maintains $400 Price Target (opens in a new tab) — Benzinga
- Piper Sandler Maintains Neutral on Cadence Design Systems, Raises Price Target to $349 (opens in a new tab) — Benzinga
- Cadence Stock Can Be an AI Winner. The Earnings Prove It. (opens in a new tab) — Barrons.com
- Boeing, Coca-Cola And 3 Stocks To Watch Heading Into Tuesday (opens in a new tab) — Benzinga
- Cadence Design Systems Inc (CDNS) Q2 2026 Earnings Call Highlights: Record Growth and Strategic ... (opens in a new tab) — GuruFocus.com
- Cadence Design Systems Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- Cadence Design Systems (CDNS) Surpasses Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- Cadence Design Systems Beats Q2 Estimates, Raises 2026 Outlook (opens in a new tab) — Benzinga
- Cadence climbs 4.6% as AI-driven growth prompts higher 2026 outlook (opens in a new tab) — Yahoo
- Cadence climbs premarket as AI-driven growth prompts higher 2026 outlook (opens in a new tab) — Investing.com
- Cadence Design Systems (NASDAQ:CDNS) Upgrades Guidance as a High Growth Stock Powered by AI (opens in a new tab) — ChartMill
- Cadence Design Systems (NASDAQ:CDNS) Beats Q2 CY2026 Sales Expectations, Full-Year Outlook Slightly Exceeds Expectations (opens in a new tab) — StockStory
- Cadence Design Systems Sees Q3 GAAP EPS $1.11-$1.17 vs $1.06 Est (opens in a new tab) — Benzinga
- Cadence Design Systems Sees Q3 Adj EPS $2.01-$2.07 vs $1.94 Est (opens in a new tab) — Benzinga
- Cadence Design Systems Raises FY2026 GAAP EPS Guidance from $4.39-$4.49 to $4.76-$4.86 vs $4.51 Est (opens in a new tab) — Benzinga
- Cadence Design Systems Raises FY2026 Adj EPS Guidance from $7.85-$7.95 to $8.05-$8.15 vs $7.96 Est; Raises FY2026 Sales Guidance from $6.125B-$6.225B to $6.260B-$6.340B vs $6.207B Est (opens in a new tab) — Benzinga
- Cadence Design Systems beat expectations with EPS of $2.11 versus $2.06 estimated, and revenue of $1.584B topping $1.577B. — Benzinga
- Cadence Design Sys Q2 Adj. EPS $2.11 Beats $2.06 Estimate, Sales $1.584B Beat $1.577B Estimate (opens in a new tab) — Benzinga
- Cadence Reports Second Quarter 2026 Financial Results (opens in a new tab) — Yahoo
- Cadence Design Systems, Inc. (CDNS) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, the figures don't clearly confirm the prior scenario. In past cases, 1116 observations (84.1%) showed a similar outcome.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +1.8%
- Max favorable move (MFE)
- 2.2%
- Max adverse move (MAE)
- 7.6%