Cadence Design Systems (CDNS) Expected to Post Quarterly Earnings on Monday

Key Points

• Cadence Design Systems is expected to report Q3 2026 results after market close on October 26. Analysts forecast earnings of $2.04 per share on $1.61 billion in revenue, compared with company guidance of $2.01–$2.07 EPS.
• In the prior quarter, Cadence reported $2.11 EPS, exceeding estimates by $0.06, while revenue rose 24.2% year over year to $1.58 billion.
• The stock opened at $319.51, below its 52-week high of $416.69. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $404.14.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) is expected to issue its Q3 2026 results after the market closes on Monday, October 26th. Analysts expect Cadence Design Systems to announce earnings of $2.04 per share and revenue of $1.61 billion for the quarter. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Interested persons can check the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Monday, October 26, 2026 at 5:00 PM ET.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts expect Cadence Design Systems to post $6.41 EPS for the current fiscal year and $7.56 EPS for the next fiscal year.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $319.51 on Monday. Cadence Design Systems has a one year low of $262.75 and a one year high of $416.69. The company has a market cap of $87.99 billion, a P/E ratio of 63.52, a P/E/G ratio of 3.42 and a beta of 1.13. The firm's fifty day moving average price is $318.85 and its two-hundred day moving average price is $339.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53.

Insider Activity

In related news, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $324.13, for a total value of $648,260.00. Following the transaction, the vice president directly owned 119,612 shares of the company's stock, valued at $38,769,837.56. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $285.51, for a total transaction of $51,391.80. Following the completion of the transaction, the director directly owned 7,824 shares in the company, valued at $2,233,830.24. This trade represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 8,960 shares of company stock worth $2,834,139. Insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CDNS shares. Benchmark restated a "buy" rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Rosenblatt Securities increased their price target on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Robert W. Baird upped their target price on Cadence Design Systems from $415.00 to $420.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded Cadence Design Systems from a "hold" rating to a "buy" rating in a research note on Monday, October 12th. Finally, FBN Securities began coverage on Cadence Design Systems in a report on Friday, September 11th. They set an "outperform" rating and a $375.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $404.14.

About Cadence Design Systems

Cadence Design Systems, Inc develops computational software, hardware, and semiconductor intellectual property used to design and verify electronic systems and integrated circuits. Its electronic design automation (EDA) solutions support chip development across areas such as digital and custom IC design, functional verification, emulation, prototyping, and system analysis.

The company also provides semiconductor IP, including processor cores, interconnect technologies, memory interfaces, and other building blocks that help customers develop complex chips.

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