Cadence Design Systems (CDNS) Tops Q1 EPS by 15c

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $1.17, $0.15 better than the analyst estimate of $1.02. Revenue for the quarter came in at $902 million versus the consensus estimate of $857.32 million.

GUIDANCE:

Cadence Design Systems sees Q2 2022 EPS of $0.95-$0.99, versus the consensus of $0.92. Cadence Design Systems sees Q2 2022 revenue of $825-845 million, versus the consensus of $823.74 million.

Cadence Design Systems sees FY2022 EPS of $3.89-$3.97, versus the consensus of $3.80. Cadence Design Systems sees FY2022 revenue of $3.395-3.435 billion, versus the consensus of $3.36 billion.

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

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