CDNS Q3 2025 GAAP diluted EPS $1.05, Miss Guidance by $-0.73
CDNS miss prior Q3 2025 GAAP diluted EPS guidance by $-0.73. FY 2026 revenue was raised by +$127.0M to $6.387 billion - $6.417 billion. Cadence Design Systems reported Q3 2026 revenue of $1.633 billion, up 22% year-over-year, beating expectations with record backlog of $8.2 billion. Non-GAAP EPS guidance for FY 2026 was increased to $8.37-$8.43 from the prior range of $8.05-$8.15.
Guidance comparison
Guidance updates
Forward guidance
Key takeaways
Revenue of $1.633 billion in Q3 2026, up 22% year-over-year from $1.339 billion in Q3 2025
Non-GAAP EPS of $2.11 versus $1.93 in Q3 2025, up 9.3% year-over-year
GAAP operating margin was 26.2% versus 31.8% in Q3 2025; non-GAAP operating margin was 44.1% versus 47.6%
Record backlog of $8.2 billion with revenue expected to be recognized in next 12 months from RPO of $4.2 billion
Raising FY 2026 revenue outlook to $6.387-$6.417 billion (21% growth) from prior $6.260-$6.340 billion (18-20% growth)
FY 2026 non-GAAP EPS raised to $8.37-$8.43 from prior $8.05-$8.15
Board authorized additional $2.5 billion for share repurchases; used $400 million in Q3 2026
Key metrics
Primary source
TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.
Open SEC filingFollow CDNS in real time
Get material earnings, filing, IR, and earnings-call alerts by email.