Cadence Design Systems, Inc. (NASDAQ:CDNS) released its third-quarter earnings report after Monday's closing bell.
Here's a look at the key figures from the quarter.
- CDNS stock is moving. See the real-time price action here.
The Details: Cadence Design reported quarterly earnings of $1.93 per share which beat the Street estimate of $1.79.
Quarterly revenue came in at $1.38 billion which beat the analyst consensus estimate of $1.32 billion and was up from revenue of $1.21 billion from the same period last year.
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“Cadence delivered excellent results for the third quarter of 2025. With a record backlog and ongoing broad-based strength of our business, we are raising our full year revenue outlook to ~14% growth year-over-year,” said Anirudh Devgan, CEO.
“With deepening strategic relationships across the AI ecosystem, Cadence is uniquely positioned to be the trusted partner to deliver AI-centric transformational solutions,” Devgan added.
Outlook: The company lowered its fiscal 2025 GAAP EPS guidance to a range of $3.80 to $3.86 per share, versus the $4.30 analyst estimate, and raised it s revenue outlook to between $5.26 billion and $5.29 billion, versus the $5.24 billion estimate.
CDNS Stock Price: According to data from Benzinga Pro, Cadence Design Systems stock was down 1.11% at $347.50 in Monday's extended trading.
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