Overview
- Cadence reported Q2 revenue of $1.28 billion and adjusted EPS of $1.65, exceeding analysts’ forecasts of $1.26 billion and $1.58.
- The company raised its full-year 2025 revenue outlook to $5.21–5.27 billion and increased adjusted EPS guidance to $6.85–6.95 per share.
- Robust AI-enabled EDA demand drove strong bookings that left Cadence with a $6.4 billion backlog and $2.82 billion in cash at quarter end.
- Cadence took a $140.6 million charge to settle export-related proceedings with the U.S. Department of Justice and Department of Commerce.
- Shares climbed 7.6% after hours to $359 on July 28 and advanced over 9% the next day following the settlement news.