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Elizabeth H. Volk

Should You Grab This ‘Strong Buy’ Semiconductor Stock Ahead of Earnings?

CDNS Semiconductor Cadence NVDA

Cadence Design Systems (CDNS) is in focus this Monday ahead of its upcoming Q2 2025 earnings report, scheduled for release after today’s closing bell. Analysts project non-GAAP earnings per share (EPS) of $1.57 and revenues between $1.25-1.27 billion, representing an impressive 18.7% year-over-year growth. 

Ahead of earnings, the specialized semiconductor design stock set an all-time high price at $335.16 on July 25, reflecting widespread investor optimism going into the Q2 results. CDNS is up 10% year-to-date, outpacing the broader S&P 500 Index ($SPX). The stock ended last week perched above its upper Bollinger Band, suggesting that CDNS shares could be somewhat overbought going into tonight’s earnings.

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