Cadence Design Systems (CDNS) Tops Q2 EPS by 5c, provides guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $1.28, $0.05 better than the analyst estimate of $1.23. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.04 billion.

GUIDANCE:

Cadence Design Systems sees FY2024 EPS of $5.77-$5.97, versus the consensus of $5.93. Cadence Design Systems sees FY2024 revenue of $4.6-4.66 billion, versus the consensus of $4.595 billion.
For the third quarter of 2024, the company expects:
Revenue in the range of $1.165 billion to $1.195 billion, , versus the consensus of $1.198 billion and Non-GAAP diluted net income per share in the range of $1.39 to $1.49, , versus the consensus of $1.60.

For earnings history and earnings-related data on Cadence Design Systems (CDNS) click here.

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