These Analysts Boost Their Forecasts On Cadence Design Systems Following Upbeat Q2 Earnings

Cadence Design Systems Inc (NASDAQ:CDNS) reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS and revenue guidance on Monday.

Cadence Design Systems reported second-quarter revenue of $1.28 billion, beating analyst estimates of $1.26 billion. The company reported second-quarter adjusted earnings of $1.65 per share, beating estimates of $1.58 per share, according to Benzinga Pro.

Cadence Design Systems raised its 2025 revenue outlook to 13% year-over-year growth. The company now expects full-year revenue between $5.21 billion and $5.27 billion versus estimates of $5.19 billion.

Cadence also raised its full-year adjusted earnings guidance from a range of $6.73 to $6.83 per share to a new range of $6.85 to $6.95 per share versus estimates of $6.79 per share. The company expects third-quarter adjusted earnings to be in between $1.75 and $1.81 per share versus estimates of $1.72 per ...