Cadence Design Systems (CDNS) Tops Q2 EPS by 10c, Offers Q3 and FY Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $0.86, $0.10 better than the analyst estimate of $0.76. Revenue for the quarter came in at $728 million versus the consensus estimate of $721.16 million.

GUIDANCE:

Cadence Design Systems sees Q3 2021 EPS of $0.74-$0.76, versus the consensus of $0.74. Cadence Design Systems sees Q3 2021 revenue of $730-750 million, versus the consensus of $722 million.

Cadence Design Systems sees FY2021 EPS of $3.14-$3.20, versus the consensus of $3.02. Cadence Design Systems sees FY2021 revenue of $2.925-2.965 million, versus the consensus of $2.9 million.

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

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