Cadence Design Systems Inc (NASDAQ:CDNS) reported financial results for the first quarter of 2026 after the market close on Monday. Here’s a look at the key details from the print.

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Cadence Design Systems Q1 Highlights

Cadence Design Systems reported first-quarter revenue of $1.47 billion, beating analyst estimates of $1.45 billion. The company reported first-quarter adjusted earnings of $1.96 per share, beating estimates of $1.90 per share, according to Benzinga Pro.

Total revenue was up about 18.5% year-over-year, driven by broad-based strength across all businesses. Cadence noted that it’s in a leading position in the agentic AI transformation in semiconductor and system design.

The company ended ...