Cadence Design Systems, Inc.
Shortcut
2.11Normalized diluted EPS
+3.0% vs Street
Street
2.05Normalized diluted EPS
October 25 consensus snapshot
Real
2.11Issuer non-GAAP diluted EPS
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
Guidance (2026-07-27): revenue $1,595–1,625M, non-GAAP EPS $2.01–2.07 (mid $2.04), non-GAAP op. margin 43.5–44.5%; consensus $2.05 sits only $0.01 above the midpoint.
Six straight quarters above the non-GAAP EPS guidance midpoint (avg +$0.08, min +$0.04) and above consensus (+$0.05 to +$0.14); model assumes a smaller-than-average beat: revenue $1,623M (+$13M vs mid), non-GAAP margin 44.6% (+0.6 pt).
Product build: Core EDA +16% (tough 3Q25 China comp), IP +30% (Intel deal), SD&A +38% incl. ~$47M Hexagon D&E (FY26 $160M guide less ~$20M in 1Q26).
On the record.
- Reporting period
- Q3 2026 (FQ3 2026 - Sep 2026; quarter ended 2026-09-30)
- Reporting basis
- Normalized (issuer non-GAAP) diluted EPS
- Consensus snapshot
- October 25, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Reviewed workbook
Record history
- Forecast generated
- Oct 25, 2026 at 11:13 PM PDT
- Reviewed revision completed
- Oct 25, 2026 at 11:13 PM PDT
- First published
- Oct 26, 2026 at 2:42 AM PDT
Result basis
Issuer non-GAAP diluted EPS for the quarter ended September 30 was $2.11, versus $1.05 GAAP. The issuer-authored Business Wire release and full reconciliation are reproduced here; the direct IR page was unavailable. Errors use the original unrounded forecasts, including the sub-cent Shortcut error.