Cadence Q2 2026 results top guidance, cites record backlog of about $8.1 billion
CDNS•Second-quarter results topped guidance
Cadence topped its second-quarter outlook on revenue, non-GAAP operating margin, and EPS; revenue reached USD 1.58 billion.
Non-GAAP operating margin rose to 45.5%; non-GAAP EPS came in at USD 2.11.
Buybacks remain central to capital returns
Share repurchases remained central to capital returns; about USD 200 million planned for Q3, roughly 50% of annual free cash flow targeted for buybacks.
Record backlog supported a higher full-year outlook
Record backlog of about USD 8.1 billion supported a higher full-year revenue growth outlook of about 19%.
Full-year outlook increased to USD 6.26 billion-USD 6.34 billion revenue; non-GAAP EPS midpoint lifted to USD 8.1.
