\nCadence (Nasdaq: CDNS) today announced results for the third quarter of 2026.<\/p>\n
Third Quarter 2026 Financial Results<\/b><\/p>\n \n\u201cCadence delivered an outstanding third quarter. With broad-based business momentum, expanding technology leadership and a record backlog, we are raising our 2026 revenue outlook to 21% year-over-year growth,\u201d said Anirudh Devgan, president and chief executive officer. \u201cWith the launch of Maestro, our portfolio of domain specialized AI models for chip and system design, and the accelerating deployment of our AI Super Agents, Cadence is exceptionally well positioned to capitalize on the transformational Agentic AI opportunity.\u201d<\/p>\n \n\u201cQ3 revenue grew 22% year-over-year, with strong double-digit growth across all product categories, driven by growing momentum from AI-driven designs,\u201d said John Wall, senior vice president and chief financial officer. \u201cWith record backlog of $8.2 billion and continued strength in recurring revenue, we are poised to deliver a strong 2026.\u201d<\/p>\n CFO Commentary<\/b><\/p>\n \nCommentary on the third quarter of 2026 financial results by John Wall, senior vice president and chief financial officer, is available at www.cadence.com\/cadence\/investor_relations<\/a>.<\/p>\n Business Outlook<\/b><\/p>\n \nFor fiscal year 2026, the company expects:<\/p>\n \nThe company utilizes a long-term projected non-GAAP tax rate, which reflects currently available information, as well as other factors and assumptions. The non-GAAP tax rate is subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in the company\u2019s geographic earnings mix, or other changes to the company\u2019s strategy or business operations. The company expects to use the current normalized non-GAAP tax rate through fiscal 2026 but will re-evaluate this rate periodically for significant items that may materially affect its projections.<\/p>\n \nReconciliations of the financial results and business outlook from GAAP operating margin, GAAP net income and GAAP diluted net income per share to non-GAAP operating margin, non-GAAP net income and non-GAAP diluted net income per share, respectively, are included in this press release. Revenue growth outlook is based on the midpoint of the range.<\/p>\n Business Highlights<\/b><\/p>\n Audio Webcast Scheduled<\/b><\/p>\n \nAnirudh Devgan, president and chief executive officer, and John Wall, senior vice president and chief financial officer, will host the third quarter 2026 financial results audio webcast today, October 26, 2026, at 2 p.m. (Pacific) \/ 5 p.m. (Eastern). Attendees are asked to register at the website at least 10 minutes prior to the scheduled webcast. An archive of the webcast will be available starting October 26, 2026 at 5 p.m. (Pacific) and ending December 17, 2026 at 5 p.m. (Pacific). Webcast access is available at www.cadence.com\/cadence\/investor_relations<\/a>.<\/p>\n About Cadence<\/b><\/p>\n \nCadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the engineering design of silicon to systems. Our design solutions, based on Cadence\u2019s Intelligent System Design\u2122 strategy, are essential for the world\u2019s leading semiconductor and systems companies to build their next-generation products from chips to full electromechanical systems that serve a wide range of markets, including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics. In 2025, Cadence was recognized by Fortune as one of the world\u2019s top 100 best companies to work for. Cadence solutions offer limitless opportunities\u2014learn more at www.cadence.com<\/a>.<\/p>\n \u00a9 2026 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com\/go\/trademarks<\/a><\/span> are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.<\/i><\/b><\/p>\n \nThis press release and related webcast contain forward-looking statements, including Cadence\u2019s outlook on future operating results, financial condition, strategic objectives, capital allocation and share repurchase program, business model and prospects, technology and product developments and performance, customer adoption and demand, strategic relationships, backlog, industry trends and Cadence’s ability to capitalize on them, market dynamics and market growth, tax rates, legislative and regulatory developments and other statements using words such as \u201canticipates,\u201d \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cwill,\u201d and words of similar import and the negatives thereof. Forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence\u2019s control, and which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements, including, among others: (i) Cadence\u2019s ability to compete successfully in the highly competitive industries in which it operates and realize the benefits of its investments in research and development, including opportunities presented by AI; (ii) the success of Cadence\u2019s efforts to maintain and improve operational efficiency and growth; (iii) the mix of products and services sold, the timing of orders and deliveries and the ability to develop, install or deliver Cadence\u2019s products or services; (iv) changes in customer demands or supply constraints that could result in delays in purchases, development, installations or deliveries of Cadence\u2019s products or services, including those resulting from consolidation, restructurings and other operational efficiency improvements of Cadence\u2019s customers; (v) economic, geopolitical and industry conditions, including export controls, tariffs, other trade restrictions and other government regulations, as well as rising tensions, armed conflicts around the world, increased energy costs and supply chain constraints; (vi) changes in tax laws, interest rate and currency exchange rate fluctuations, inflation rates, Cadence\u2019s increased debt levels and obligations and Cadence\u2019s ability to repay debt or access capital and debt markets in the future; (vii) legislative or regulatory requirements; (viii) Cadence\u2019s acquisition of other companies, businesses or technologies or the failure to successfully integrate and operate them; (ix) harm caused by compromises in cybersecurity and cybersecurity attacks; (x) capital expenditure requirements and events that affect cash flow, liquidity or reserves, or estimates Cadence may take from time to time with respect to accounts receivable, taxes and tax examinations, litigation, regulatory or other matters; (xi) the effects of any litigation, regulatory, tax or other proceedings to which Cadence is or may become a party or to which Cadence or its products, services, technologies or properties are subject, including Cadence\u2019s ongoing obligations under its July 2025 settlement agreements with the U.S. Department of Justice (\u201cDOJ\u201d) and Bureau of Industry and Security (\u201cBIS\u201d), any further inquiries or adverse actions by the DOJ, BIS or other foreign governmental authorities and any impact of the settlements on Cadence\u2019s operations and business dealings; and (xii) Cadence\u2019s ability to successfully meet any environmental, social and governance targets and practices. In addition, the timing and amount of Cadence\u2019s repurchases of its common stock are subject to business and market conditions, corporate and regulatory requirements, stock price, acquisition opportunities and other factors. Cadence’s share repurchase program may be modified, suspended or terminated without prior notice.<\/p>\n \nFor a detailed discussion of these and other cautionary statements related to Cadence and its business, please refer to Cadence\u2019s filings with the U.S. Securities and Exchange Commission, including its most recent report on Form 10-K, subsequent reports on Form 10-Q and future filings.<\/p>\n \nAll forward-looking statements in this press release are based on management’s expectations as of the date of this press release and, except as required by law, Cadence disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.<\/p>\n GAAP to Non-GAAP Reconciliation<\/b><\/p>\n \nNon-GAAP financial measures should not be considered as a substitute for or superior to measures of financial performance prepared in accordance with generally accepted accounting principles, or GAAP. Investors are encouraged to review the reconciliation of non-GAAP measures contained within this press release with their most directly comparable GAAP results. Investors are also encouraged to look at the GAAP results as the best measure of financial performance.<\/p>\n \nTo supplement Cadence\u2019s financial results presented on a GAAP basis, Cadence management uses non-GAAP measures that it believes are helpful in understanding Cadence\u2019s performance. One such measure is non-GAAP net income, which is a financial measure not calculated under GAAP. Non-GAAP net income is calculated by Cadence management by taking GAAP net income and excluding, as applicable, amortization of intangible assets, stock-based compensation expense, acquisition and integration-related costs including retention expenses, income or expenses related to foreign currency forward exchange contract and settlement associated with an acquisition, investments, divestitures and Cadence\u2019s non-qualified deferred compensation plan, restructuring, loss related to contingent liability and other significant items not directly related to Cadence\u2019s core business operations, and the income tax effect of non-GAAP pre-tax adjustments.<\/p>\n \nCadence management uses non-GAAP net income because it excludes items that are generally not directly related to the performance of Cadence\u2019s core business operations and therefore provides supplemental information to Cadence management and investors regarding the performance of the business operations, facilitates comparisons to the historical operating results and allows the review of Cadence’s business from the same perspective as Cadence management, including forecasting and budgeting.<\/p>\n \nThe following tables reconcile the specific items excluded from GAAP operating margin, GAAP net income and GAAP net income per diluted share in the calculation of non-GAAP operating margin, non-GAAP net income and non-GAAP net income per diluted share for the periods shown below:<\/p>\n \nOperating Margin Reconciliation<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nThree Months Ended<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nSeptember 30, 2026<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nSeptember 30, 2025<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(unaudited)<\/p>\n<\/td>\n<\/tr>\n \nGAAP operating margin as a percent of total revenue<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n26.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nReconciling items to non-GAAP operating margin as a percent of total revenue:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAmortization of acquired intangibles<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAcquisition and integration-related costs<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nRestructuring<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNon-qualified deferred compensation expenses (credits)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nNon-GAAP operating margin as a percent of total revenue<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44.1<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n47.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nNet Income Reconciliation<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nThree Months Ended<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nSeptember 30, 2026<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nSeptember 30, 2025<\/p>\n<\/td>\n<\/tr>\n \n(in thousands)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(unaudited)<\/p>\n<\/td>\n<\/tr>\n \nNet income on a GAAP basis<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n289,747<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n287,122<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n144,763<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n116,073<\/p>\n<\/td>\n<\/tr>\n \nAmortization of acquired intangibles<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n79,870<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,984<\/p>\n<\/td>\n<\/tr>\n \nAcquisition and integration-related costs<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,031<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37,295<\/p>\n<\/td>\n<\/tr>\n \nRestructuring<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n42,159<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n27,394<\/p>\n<\/td>\n<\/tr>\n \nNon-qualified deferred compensation expenses (credits)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(42<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,760<\/p>\n<\/td>\n<\/tr>\n \nOther income or expense related to foreign currency forward exchange contract and settlement associated with an acquisition<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18,561<\/p>\n<\/td>\n<\/tr>\n \nOther income or expense related to investments, divestitures and non-qualified deferred compensation plan assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,886<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,741<\/p>\n<\/td>\n<\/tr>\n \nIncome tax effect of non-GAAP adjustments<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,545<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,283<\/p>\n<\/td>\n<\/tr>\n \nNet income on a non-GAAP basis<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n582,187<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n528,213<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nDiluted Net Income Per Share Reconciliation<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nThree Months Ended<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nSeptember 30, 2026<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nSeptember 30, 2025<\/p>\n<\/td>\n<\/tr>\n \n(in thousands, except per share data)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(unaudited)<\/p>\n<\/td>\n<\/tr>\n \nDiluted net income per share on a GAAP basis<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.05<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.05<\/p>\n<\/td>\n<\/tr>\n \nStock-based compensation expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.53<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.42<\/p>\n<\/td>\n<\/tr>\n \nAmortization of acquired intangibles<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.29<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.10<\/p>\n<\/td>\n<\/tr>\n \nAcquisition and integration-related costs<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.09<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.14<\/p>\n<\/td>\n<\/tr>\n \nRestructuring<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.15<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.10<\/p>\n<\/td>\n<\/tr>\n \nNon-qualified deferred compensation expenses (credits)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.02<\/p>\n<\/td>\n<\/tr>\n \nOther income or expense related to foreign currency forward exchange contract and settlement associated with an acquisition<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.07<\/p>\n<\/td>\n<\/tr>\n \nOther income or expense related to investments, divestitures and non-qualified deferred compensation plan assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.01<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.03<\/p>\n<\/td>\n<\/tr>\n \nIncome tax effect of non-GAAP adjustments<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.01<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n \nDiluted net income per share on a non-GAAP basis<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.11<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.93<\/p>\n<\/td>\n<\/tr>\n \nShares used in calculation of diluted net income per share<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n275,278<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,452,020<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,001,317<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n1,110,591<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n944,939<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n448,824<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n303,545<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n342,452<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n419,872<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n3,353,887<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,669,673<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n603,189<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n517,004<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n4,926,955<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,749,143<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n1,792,006<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n718,223<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n789,077<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n917,733<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n759,660<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n581,372<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n12,224,774<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n10,153,148<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n150,000<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n498,809<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n805,365<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n856,856<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n1,012,305<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n778,435<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n2,466,479<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,635,291<\/p>\n<\/td>\n<\/tr>\n 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\n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(88,611<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(22,135<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n118,684<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n89,756<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(2,105<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,702<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n7,266<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,713<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(84,285<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(90,666<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(172,927<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(60,858<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n39,812<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(14,834<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(38,982<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,811<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(263,024<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(23,237<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n148,835<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,456<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n7,295<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,546<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n1,414,436<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,175,286<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(98,481<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(35,182<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n166,529<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,493<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,500<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(163,254<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(100,830<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(6,975<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(2,143,429<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(250,695<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(2,245,610<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(371,714<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n875,000<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(725,000<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n139,073<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n138,069<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(195,608<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(148,130<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(800,025<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(725,025<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(706,560<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(735,086<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(11,563<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,730<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(1,549,297<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n109,216<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n1,452,020<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2,753,246<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n48<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n49<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n43<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n47<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 47<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n45<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n43<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n43<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n11<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n18<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n12<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 13<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n13<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n19<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n19<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n18<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n20<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 19<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n20<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n20<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n19<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 15<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 6<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n71<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n71<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n71<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n69<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 70<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n71<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n68<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n69<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n13<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 14<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n14<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n 16<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n17<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n16<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 100<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n8%<\/p>\n<\/td>\n \n9%<\/p>\n<\/td>\n<\/tr>\n \n5%<\/p>\n<\/td>\n \n4%<\/p>\n<\/td>\n<\/tr>\n \n1%<\/p>\n<\/td>\n \n2%<\/p>\n<\/td>\n<\/tr>\n \n0%<\/p>\n<\/td>\n \n1%<\/p>\n<\/td>\n<\/tr>\n \n0.51<\/p>\n<\/td>\n \n2.07<\/p>\n<\/td>\n<\/tr>\n \n0.29<\/p>\n<\/td>\n \n1.05<\/p>\n<\/td>\n<\/tr>\n \n0.08<\/p>\n<\/td>\n \n0.45<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n0.15<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n0.03<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n(0.01)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n(0.35)<\/p>\n<\/td>\n<\/tr>\n \n0.08<\/p>\n<\/td>\n \n0.14<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n139<\/p>\n<\/td>\n \n569<\/p>\n<\/td>\n<\/tr>\n \n78<\/p>\n<\/td>\n \n289<\/p>\n<\/td>\n<\/tr>\n \n23<\/p>\n<\/td>\n \n122<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n42<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n9<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n(3)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n–<\/p>\n<\/td>\n \n(98)<\/p>\n<\/td>\n<\/tr>\n \n22<\/p>\n<\/td>\n \n40<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nCDNS-IR View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261025459012\/en\/<\/a><\/span><\/p>\n \nFor more information, please contact:<\/p>\n \nCadence Investor Relations \nCadence Newsroom KEYWORDS:<\/b> California United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Electronic Design Automation Semiconductor Apps\/Applications Technology Software Artificial Intelligence Hardware<\/p>\n\n
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\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 273,798<\/td>\n<\/tr>\n<\/table>\n \n
\n Cadence Design Systems, Inc.<\/b><\/td>\n<\/tr>\n \n Condensed Consolidated Balance Sheets<\/b><\/td>\n<\/tr>\n \n September 30, 2026 and December 31, 2025<\/b><\/td>\n<\/tr>\n \n (In thousands)<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n September 30, 2026<\/b><\/td>\n \n December 31, 2025<\/b><\/td>\n<\/tr>\n \n Current assets:<\/td>\n \n \n \n <\/tr>\n \n Cash and cash equivalents<\/td>\n \n \n \n \n \n \n \n Receivables, net<\/td>\n \n \n \n \n \n \n \n Inventories<\/td>\n \n \n \n \n \n \n \n Prepaid expenses and other<\/td>\n \n \n \n \n \n \n \n Total current assets<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Property, plant and equipment, net<\/td>\n \n \n \n \n \n \n \n Goodwill<\/td>\n \n \n \n \n \n \n \n Acquired intangibles, net<\/td>\n \n \n \n \n \n \n \n Deferred taxes<\/td>\n \n \n \n \n \n \n \n Other assets<\/td>\n \n \n \n \n \n \n \n Total assets<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Current liabilities:<\/td>\n \n \n \n <\/tr>\n \n Revolving credit facility<\/td>\n \n \n \n \n \n \n \n Current portion of long-term debt<\/td>\n \n \n \n \n \n \n \n Accounts payable and accrued liabilities<\/td>\n \n \n \n \n \n \n \n Current portion of deferred revenue<\/td>\n \n \n \n \n \n \n \n Total current liabilities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Long-term liabilities:<\/td>\n \n \n \n <\/tr>\n \n Long-term portion of deferred revenue<\/td>\n \n \n \n \n \n \n \n Long-term debt<\/td>\n \n \n \n \n \n \n \n Other long-term liabilities<\/td>\n \n \n \n \n \n \n \n Total long-term liabilities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Stockholders’ equity<\/td>\n \n \n \n \n \n \n \n Total liabilities and stockholders’ equity<\/td>\n \n \n \n \n \n \n \n
\n Cadence Design Systems, Inc.<\/b><\/td>\n<\/tr>\n \n Condensed Consolidated Income Statements<\/b><\/td>\n<\/tr>\n \n For the Three and Nine Months Ended September 30, 2026 and September 30, 2025<\/b><\/td>\n<\/tr>\n \n (In thousands, except per share amounts)<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Three Months Ended<\/b><\/td>\n \n Nine Months Ended<\/b><\/td>\n<\/tr>\n \n \n \n September 30, 2026<\/b><\/td>\n \n September 30, 2025<\/b><\/td>\n \n September 30, 2026<\/b><\/td>\n \n September 30, 2025<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Revenue:<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Product and maintenance<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Services<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Total revenue<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Costs and expenses:<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Cost of product and maintenance<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Cost of services<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Marketing and sales<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Research and development<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n General and administrative<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amortization of acquired intangibles<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss related to contingent liability<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Restructuring<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Total costs and expenses<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Income from operations<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Interest expense<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other income (expense), net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Income before provision for income taxes<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Provision for income taxes<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income per share – basic<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income per share – diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average common shares outstanding – basic<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average common shares outstanding – diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n Cadence Design Systems, Inc.<\/b><\/td>\n<\/tr>\n \n Condensed Consolidated Statements of Cash Flows<\/b><\/td>\n<\/tr>\n \n For the Nine Months Ended September 30, 2026 and September 30, 2025<\/b><\/td>\n<\/tr>\n \n (In thousands)<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Nine Months Ended<\/b><\/td>\n<\/tr>\n \n \n \n September 30,<\/b><\/td>\n \n September 30,<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Cash and cash equivalents at beginning of period<\/td>\n \n \n \n \n \n \n \n \n \n Cash flows from operating activities:<\/td>\n \n \n \n <\/tr>\n \n Net income<\/td>\n \n \n \n \n \n \n \n \n \n Adjustments to reconcile net income to net cash provided by operating activities:<\/td>\n \n \n \n <\/tr>\n \n Depreciation and amortization<\/td>\n \n \n \n \n \n \n \n \n \n Stock-based compensation<\/td>\n \n \n \n \n \n \n \n \n \n Gain on divestitures and investments, net<\/td>\n \n \n \n \n \n \n \n \n \n Deferred income taxes<\/td>\n \n \n \n \n \n \n \n \n \n ROU asset amortization and change in operating lease liabilities<\/td>\n \n \n \n \n \n \n \n \n \n Other non-cash items<\/td>\n \n \n \n \n \n \n \n \n \n Changes in operating assets and liabilities, net of effect of acquired businesses:<\/td>\n \n \n \n <\/tr>\n \n Receivables<\/td>\n \n \n \n \n \n \n \n \n \n Inventories<\/td>\n \n \n \n \n \n \n \n \n \n Prepaid expenses and other<\/td>\n \n \n \n \n \n \n \n \n \n Other assets<\/td>\n \n \n \n \n \n \n \n \n \n Accounts payable and accrued liabilities<\/td>\n \n \n \n \n \n \n \n \n \n Deferred revenue<\/td>\n \n \n \n \n \n \n \n \n \n Other long-term liabilities<\/td>\n \n \n \n \n \n \n \n \n \n Net cash provided by operating activities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Cash flows from investing activities:<\/td>\n \n \n \n <\/tr>\n \n Purchases of investments<\/td>\n \n \n \n \n \n \n \n \n \n Proceeds from the sale and maturity of investments<\/td>\n \n \n \n \n \n \n \n \n \n Proceeds from the sale of IP and other assets<\/td>\n \n \n \n \n \n \n \n \n \n Purchases of property, plant and equipment<\/td>\n \n \n \n \n \n \n \n \n \n Purchases of intangible assets<\/td>\n \n \n \n \n \n \n \n \n \n Cash paid in business combinations, net of cash acquired<\/td>\n \n \n \n \n \n \n \n \n \n Net cash used for investing activities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Cash flows from financing activities:<\/td>\n \n \n \n <\/tr>\n \n Proceeds from revolving credit facility<\/td>\n \n \n \n \n \n \n \n \n \n Payments on revolving credit facility<\/td>\n \n \n \n \n \n \n \n \n \n Proceeds from issuance of common stock<\/td>\n \n \n \n \n \n \n \n \n \n Stock received for payment of employee taxes on vesting of restricted stock<\/td>\n \n \n \n \n \n \n \n \n \n Payments for repurchases of common stock<\/td>\n \n \n \n \n \n \n \n \n \n Net cash used for financing activities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Effect of exchange rate changes on cash and cash equivalents<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Increase (decrease) in cash and cash equivalents<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Cash and cash equivalents at end of period<\/td>\n \n \n \n \n \n \n \n \n \n
\n Cadence Design Systems, Inc.<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Revenue Mix by Geography (% of Total Revenue)<\/b><\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n GEOGRAPHY<\/span><\/b><\/td>\n \n \n Q1<\/b><\/td>\n Q2<\/b><\/td>\n Q3<\/b><\/td>\n Q4<\/b><\/td>\n Year<\/b><\/td>\n \n Q1<\/b><\/td>\n Q2<\/b><\/td>\n Q3<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Americas<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n China<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other Asia<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Europe, Middle East and Africa<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Japan<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total<\/b><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Revenue Mix by Product Category (% of Total Revenue)<\/b><\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PRODUCT CATEGORY<\/span><\/b><\/td>\n \n \n Q1<\/b><\/td>\n Q2<\/b><\/td>\n Q3<\/b><\/td>\n Q4<\/b><\/td>\n Year<\/b><\/td>\n \n Q1<\/b><\/td>\n Q2<\/b><\/td>\n Q3<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Core EDA<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Semiconductor IP<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n System Design and Analysis<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total<\/b><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n Cadence Design Systems, Inc.<\/b><\/td>\n<\/tr>\n \n Impact of Non-GAAP Adjustments on Forward Looking Operating Margin<\/b><\/td>\n<\/tr>\n \n As of October 26, 2026<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Three Months Ending<\/b><\/td>\n \n Year Ending<\/b><\/td>\n<\/tr>\n \n \n December 31, 2026<\/b><\/td>\n \n December 31, 2026<\/b><\/td>\n<\/tr>\n \n \n Forecast<\/b><\/td>\n \n Forecast<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n GAAP operating margin as a percent of total revenue<\/td>\n 30% – 31%<\/b><\/td>\n \n 28.2% – 29.2%<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Reconciling items to non-GAAP operating margin as a<\/td>\n \n \n <\/tr>\n \n percent of total revenue:<\/td>\n \n \n <\/tr>\n \n Stock-based compensation expense<\/td>\n \n \n \n \n Amortization of acquired intangibles<\/td>\n \n \n \n \n Acquisition and integration-related costs<\/td>\n \n \n \n \n Restructuring<\/td>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Non-GAAP operating margin as a percent of total revenue\u2020<\/td>\n 44% – 45%<\/td>\n \n 44.2% – 45.2%<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \u2020The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP.<\/b><\/td>\n<\/tr>\n<\/table>\n \n
\n Cadence Design Systems, Inc.<\/b><\/td>\n<\/tr>\n \n Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share<\/b><\/td>\n<\/tr>\n \n As of October 26, 2026<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Three Months Ending<\/b><\/td>\n \n Year Ending<\/b><\/td>\n<\/tr>\n \n \n December 31, 2026<\/b><\/td>\n \n December 31, 2026<\/b><\/td>\n<\/tr>\n \n \n Forecast<\/b><\/td>\n \n Forecast<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Diluted net income per share on a GAAP basis<\/td>\n $1.23 to $1.29<\/b><\/td>\n \n $4.84 to $4.90<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Stock-based compensation expense<\/td>\n \n \n \n \n Amortization of acquired intangibles<\/td>\n \n \n \n \n Acquisition and integration-related costs<\/td>\n \n \n \n \n Restructuring<\/td>\n \n \n \n \n Non-qualified deferred compensation expenses<\/td>\n \n \n \n \n Other income or expense related to foreign currency forward<\/td>\n \n \n \n \n exchange contract and settlement associated with an acquisition<\/td>\n \n \n \n \n Other income or expense related to investments, divestitures<\/td>\n \n \n \n \n and non-qualified deferred compensation plan assets<\/td>\n \n \n \n \n Income tax effect of non-GAAP adjustments<\/td>\n \n \n \n \n \n \n \n \n \n Diluted net income per share on a non-GAAP basis\u2020<\/td>\n $2.19 to $2.25<\/td>\n \n $8.37 to $8.43<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \u2020The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP.<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Cadence Design Systems, Inc.<\/b><\/td>\n<\/tr>\n \n Impact of Non-GAAP Adjustments on Forward Looking Net Income<\/b><\/td>\n<\/tr>\n \n As of October 26, 2026<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Three Months Ending<\/b><\/td>\n \n Year Ending<\/b><\/td>\n<\/tr>\n \n \n December 31, 2026<\/b><\/td>\n \n December 31, 2026<\/b><\/td>\n<\/tr>\n \n ($ in millions)<\/b><\/td>\n Forecast<\/b><\/td>\n \n Forecast<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income on a GAAP basis<\/td>\n $339 to $355<\/b><\/td>\n \n $1,331 to $1,347<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Stock-based compensation expense<\/td>\n \n \n \n \n Amortization of acquired intangibles<\/td>\n \n \n \n \n Acquisition and integration-related costs<\/td>\n \n \n \n \n Restructuring<\/td>\n \n \n \n \n Non-qualified deferred compensation expenses<\/td>\n \n \n \n \n Other income or expense related to foreign currency forward<\/td>\n \n \n \n \n exchange contract and settlement associated with an acquisition<\/td>\n \n \n \n \n Other income or expense related to investments, divestitures<\/td>\n \n \n \n \n and non-qualified deferred compensation plan assets<\/td>\n \n \n \n \n Income tax effect of non-GAAP adjustments<\/td>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income on a non-GAAP basis\u2020<\/td>\n $601 to $617<\/td>\n \n $2,301 to $2,317<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \u2020The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP.<\/b><\/td>\n<\/tr>\n<\/table>\n
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Category: Financial, Featured<\/p>\n<\/p>\n
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408-944-7100
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investor_relations@cadence.com<\/a><\/span><\/p>\n
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408-944-7039
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newsroom@cadence.com<\/a><\/span><\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20261025459012\/en\/2132320\/3\/Cadence_logo_400x400.jpg\"){kind=logo}
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