Here's What to Expect From Cadence Design Systems' Next Earnings Report

Cadence Design Systems, Inc. (CDNS), headquartered in San Jose, California, is a leading technology company specializing in electronic design automation (EDA) and intelligent system design. With a market cap of $76.93 billion, Cadence provides advanced software, hardware, and IP solutions, enabling innovative electronics development across various industries. Cadence is scheduled to release its Q3 earnings report after the market closes on Monday, Oct. 28.

Ahead of the event, analysts expect CDNS to report a profit of $1.14 per share, up 12.9% from $1.01 in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on other two occasions.