| CDNS |
Report |
Backlog (Q2 2026) |
BEAT |
pred ~$8,200M vs. cons $7,894M |
HIGH |
| CDNS |
Report |
Functional Verification Revenue (Q2 2026) |
BEAT |
pred ~$425M vs. cons $416M |
MEDIUM |
| CDNS |
Report |
SDA Revenue (Q2 2026) |
BEAT |
pred ~$275M vs. cons $268M |
MEDIUM |
| CDNS |
Guide |
Q3 2026 Revenue (Q3 2026) |
BETTER |
guide ~$1,600M midpoint vs. cons ~$1,560M (implied) |
MEDIUM |
| CDNS |
Guide |
FY 2026 Revenue (FY 2026) |
BETTER |
guide ~$6,275M midpoint vs. cons $6,205M |
MEDIUM |
| CDNS |
Guide |
FY 2026 Non-GAAP EPS (FY 2026) |
UNCHANGED |
guide ~$8.00 midpoint vs. cons $7.95 |
MEDIUM |
| CDNS |
Guide |
Demand tone / Kimi K3 rebuttal |
BETTER |
Confident rebuttal citing physics-based solvers and sign-off accuracy; bullish AI design activity commentary |
MEDIUM |
| CDNS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+4.5% |
— |
MEDIUM |
| CDNS |
Return |
5-day cumulative residual |
+4.0% (FOLLOW-THROUGH) |
FOLLOW-THROUGH — Kimi K3 discount partially unwinds as investors digest management rebuttal; EPS revision tailwind limited by Hexagon H2 EPS drag keeping H2 implied EPS flat YoY |
MEDIUM |