Cadence now expects 2026 revenue to be between $6.26 billion and $6.34 billion, up from its prior projection of $6.13 billion to $6.23 billion. Demand has risen sharply for Cadence's software as chipmakers and technology companies develop increasingly sophisticated systems-on-chip (SoCs) and AI accelerators.

Cadence Design Systems, Inc (NASDAQ: CDNS) will release second quarter earnings on July 27. Analysts expect $2.06 EPS and $1.58B revenue. Stock fell 1.9% on Friday.

July 27 : Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.Shares of…