• Cadence Design Systems’ management commentary raised the 2026 revenue growth outlook for the third time this year to approximately 21%.
• Third-quarter revenue rose 22% year over year to $1.63 billion, exceeding guidance.
• Product and maintenance revenue increased to $1.49 billion from $1.21 billion a year earlier, while services revenue reached $146 million.
• Non-GAAP operating margin fell to 44.1% from 47.6% a year earlier; non-GAAP earnings per share increased to $2.11 from $1.93.
• Backlog reached a record $8.2 billion, while fourth-quarter revenue guidance indicated 18%-20% year-over-year growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cadence Design Systems Inc. published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.