Cadence Design Systems Inc (NASDAQ:CDNS) reported financial results for the second quarter of 2026 after the market close on Monday.

Here’s a rundown of the report.

Cadence Design Systems shares are powering higher.

Why are CDNS shares rallying?

Cadence Design Systems Q2 Highlights Cadence Design Systems reported second-quarter revenue of $1.584 billion, beating analyst estimates of $1.577 billion.