| CDNS |
Report |
Q2 2026 Revenue |
BEAT |
pred ~$1.605B vs. cons $1.58B |
HIGH |
| CDNS |
Report |
Q2 2026 Non-GAAP EPS |
BEAT |
pred ~$2.09 vs. cons $2.05 |
HIGH |
| CDNS |
Report |
Q2 2026 Non-GAAP Operating Margin |
BEAT |
pred ~45.3% vs. cons 45.0% |
MEDIUM |
| CDNS |
Guide |
FY2026 Revenue Guidance |
BETTER |
guide ~$6.20B (raised midpoint) vs. cons $6.175B (FY2026) |
MEDIUM |
| CDNS |
Guide |
FY2026 Non-GAAP EPS Guidance |
BETTER |
guide ~$7.95 vs. cons $7.90 (FY2026) |
MEDIUM |
| CDNS |
Guide |
FY2026 Non-GAAP Operating Margin Guidance |
BETTER |
guide ~44.7% vs. cons 44.0% (FY2026) |
LOW |
| CDNS |
Return |
Day-1 residual (stock − beta × S&P 500) |
-1.8% |
— |
MEDIUM |
| CDNS |
Return |
5-day cumulative residual |
-3.2% (FADE) |
Even with a headline beat-and-raise, management's 'prudent' 2H framing means the implied Q3/Q4 run-rate is only modestly higher than pre-print estimates once the Q2 beat is backed out — mirroring the Q1 print where CDNS fell 3.3% the next day despite beating. With the stock still carrying a rich multiple and the sector under an AI-capex sentiment overhang (TSMC/hyperscaler capex ROI debate), any hint that full-year raise magnitude is smaller than the quarterly beat, or that 2H bookings/Hexagon dilution commentary is unchanged, invites analysts to trim out-year numbers over the following days rather than chase the print, producing an initial dip that extends into a fade over the week. |
MEDIUM |