CEO Anirudh Devgan said he expects the trend of companies making their own custom chips to accelerate.
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Cadence Design Systems
stock rose by more than 6% on Wednesday after the chip design software company reported earnings that beat analysts’ expectations.
The San Jose-based company reported financials after the bell Tuesday, posting an adjusted earnings per share of $1.99 on revenue of $1.44 billion in the fourth-quarter of 2025, about 6% higher versus the prior year on both measures.
Analysts surveyed by LSEG were expecting an EPS of $1.91 and revenue of $1.42 billion.
Analysts maintained their long-term bullishness on Cadence Design Systems, calling fears of AI disruption overblown.
Higher prices on chips are boosting margin projections through 2027.
Apple's strong fiscal second-quarter results are likely to boost names like chipmakers Cirrus Logic and Qorvo, among others,…
Shares of Broadcom rose about 5% in extended trading after its earnings report underscored the strength of its custom chip…
Shares of chipmakers AMD and Nvidia popped along with equipment makers like Applied Materials after TSMC reported…
Investors piled into the winning artificial intelligence-adjacent sector following another big year of gains.
