Cadence Design Systems (CDNS) Tops Q2 EPS by 12c; Issues Solid Outlook

Cadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $1.08, $0.12 better than the analyst estimate of $0.96. Revenue for the quarter came in at $858 million versus the consensus estimate of $834.51 million.

GUIDANCE:

Cadence Design Systems sees Q3 2022 EPS of $0.94-$0.98, versus the consensus of $0.93. Cadence Design Systems sees Q3 2022 revenue of $860-880 million, versus the consensus of $847.8 million.

Cadence Design Systems sees FY2022 EPS of $4.06-$4.12, versus the consensus of $3.93. Cadence Design Systems sees FY2022 revenue of $3.47-3.51 million, versus the consensus of $3.41 million.

For earnings history and earnings-related data on Cadence Design Systems (CDNS) click here.

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