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

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

Cadence Reports Second Quarter 2021 Financial Results

July 26, 2021 4:05 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the second quarter of 2021.

Cadence reported second quarter 2021 revenue of $728 million, compared to revenue of $638 million for the same period in 2020. On a GAAP basis, Cadence achieved operating margin of 25 percent and recognized net income of $156 million, or $0.56 per share on a diluted basis, in the second quarter of 2021, compared to operating margin of 24 percent and net income of $131 million, or $0.47 per share on a diluted basis for the same period in 2020.

Using the non-GAAP... More