Cadence Design Systems Inc (NASDAQ:CDNS) reported financial results for the fourth quarter Tuesday after the bell. Here’s a rundown of the report.
Cadence Design Beats Estimates In Q4
Cadence Design Systems reported fourth-quarter revenue of $1.44 billion, beating analyst estimates of $1.42 billion. The company reported fourth-quarter adjusted earnings of $1.99 per share, beating estimates of $1.91 per share, according to Benzinga Pro.
Total revenue was up 14% year-over-year. The company ended the fourth quarter with a record backlog of $7.8 billion and approximately $3 billion in cash and cash equivalents.
“Strong customer demand for our expanding AI-driven product portfolio and the essential nature of Cadence’s engineering software position us well to capture the massive opportunities in the AI era,” said Anirudh Devgan, president and CEO of Cadence Design Systems.
What’s Next For Cadence Design Systems
Cadence Design Systems expects first-quarter adjusted earnings to be in the range of $1.89 to $1.95 per share versus estimates of $1.80 per share.
The company also guided for full-year adjusted earnings of $8.05 to $8.15 per share versus estimates of $8.05 per share. Cadence sees full-year revenue in the range of $5.90 billion to $6 billion versus estimates of $5.94 billion.
“With strong Q4 bookings, we began 2026 with a record backlog of $7.8 billion and excellent momentum,” said John Wall, senior vice president and CFO of Cadence Design Systems.
Management will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.
CDNS Shares Climb After Hours
CDNS Price Action: Cadence Design Systems shares were up 3.51% in after-hours, trading at $293.40 at the time of publication on Tuesday, according to Benzinga Pro.
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