🟢 Cadence Design Systems is trading 4% up today after a strong earnings beat and guidance raise

Cadence Design Systems is trading 4% up at $352.30 after reporting a strong second quarter and raising its long-term financial outlook.

• The company posted $1.584B in revenue and $2.11 non-GAAP EPS, beating analyst expectations.
• Management raised its full-year 2026 guidance, forecasting 19% revenue growth supported by a record $8.1B backlog.