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Cadence Stock Jumps on Q2 Beat, 2025 Guidance Boost and U.S. Legal Settlement

A $140.6 million settlement removes uncertainties over China operations, bolstering confidence in Cadence’s AI-driven momentum.

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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.