Cadence Design Systems (CDNS) Tops Q3 EPS by 6c; Offers Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q3 EPS of $1.26, $0.06 better than the analyst estimate of $1.20. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1 billion.

GUIDANCE:

Cadence Design Systems sees Q4 2023 EPS of $1.30-$1.36, versus the consensus of $1.37. Cadence Design Systems sees Q4 2023 revenue of $1.039-1.079 billion, versus the consensus of $1.072 billion.

Cadence Design Systems sees FY2023 EPS of $5.07-$5.13, versus the consensus of $5.09. Cadence Design Systems sees FY2023 revenue of $4.06-4.1 billion, versus the consensus of $4.078 billion.

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

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