San Jose, California-based Cadence Design Systems, Inc. (CDNS) develops computational, AI-driven software, hardware, and silicon intellectual property (IP) products and solutions. Valued at a market cap of $97.3 billion, the company offers products and tools that help customers design electronic products through the System Design Enablement (SDE) strategy. The company also offers software, hardware, services, and reusable IC design blocks to electronic systems and semiconductor customers.
CDNS is expected to release its Q3 2026 earnings soon. Ahead of this event, analysts anticipate the company will generate earnings of $1.60 per share, representing an increase of 6% from $1.51 per share reported in the same quarter last year. The company has met or surpassed the Street’s bottom-line estimates in three of the past four quarters, while missing on one occasion.