CADENCE DESIGN SYSTEMS INC (CDNS) Form 10-Q — Oct 27, 2026
Cadence Design Systems reported Q3 FY2026 revenue of $1.63 billion, up 22% year over year, with diluted EPS of $1.05 and net income of $289.7 million. Nine-month revenue reached $4.69 billion (+22%) with net income of $992.5 million. The quarter reflects the integration of the roughly $3.0 billion acquisition of Hexagon's design and engineering business completed in February 2026, which expanded the System Design and Analysis portfolio and lifted goodwill to $4.9 billion. Contracted but unsatisfied performance obligations stand at $8.2 billion.
Key figures
- Eps
- 1.05
- Revenue
- 1633311000
- Net Income
- 289747000
- Total Assets
- 12224774000
- Cash Position
- 1452020000
- Shares Outstanding
- 274379000
- Senior notes
- $2.5 billion aggregate principal (4.200% due 2027, 4.300% due 2029, 4.700% due 2034)
- Nine month revenue
- 4691982000
- Q3 operating margin
- 26%
- Revolver outstanding
- $150.0 million
- Nine month net income
- 992483000
- Nine month diluted eps
- 3.61
- Hexagon acquisition price
- approximately $3.0 billion (net of cash acquired $154.6 million; $2.2B cash plus 3.2M shares valued at $902.2M)
- New buyback authorization
- up to an additional $2.5 billion approved October 23, 2026
- Buyback remaining pre approval
- $601.6 million
- Operating cash flow nine months
- 1414436000
- Remaining performance obligations
- 8200000000
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