Cadence Design Systems stock holds firm after a 2026 raise
Published on 08/19/2026 at 20:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cadence Design Systems Inc. (US12541W1027) is trading on a $316.52 opening print and a $87.17 billion market value as of August 19, 2026, while the latest quarter delivered $1.58 billion in revenue and $2.11 in non-GAAP EPS. The shares are also sitting between a 52-week low of $262.75 and a high of $416.69, with the stock opening at $316.52 and a 1.84 million-share volume reading.
July quarter set the tone
The most recent report dated July 27, 2026 showed revenue up 24.2 percent year over year and EPS ahead of the $2.05 consensus by $0.06. Cadence also lifted its 2026 EPS view to $8.05-$8.15, up from $7.85-$7.95, and raised its revenue outlook to $6.26 billion-$6.34 billion from $6.125 billion-$6.225 billion.
That combination matters because the latest quarter paired growth with a stronger full-year guide. A record $8.1 billion backlog added a second support point for investors watching the cadence of demand in design software.
Consensus stays upbeat
Analyst expectations remain constructive, with a $405.69 average target and a Moderate Buy consensus attached to the shares. The market still prices Cadence at 62.93 times earnings, which leaves valuation in the foreground even after the July report.
The stock has also been moving against its longer trend levels. A 50-day average of $357.82 sits above the current opening print, while the 200-day average of $331.13 is also higher.
What Cadence sells
Cadence builds electronic design automation software, hardware and intellectual property for chip, systems-on-chip and PCB design, which keeps the business tied to semiconductor complexity and AI infrastructure spending. The company said its systems design and analysis business grew 37 percent in the July quarter, while its IP business rose 40 percent.
For investors, the mix of a $1.58 billion quarter, an $8.1 billion backlog and a higher 2026 guide is the main story, with the stock still trading below its $416.69 52-week high.
Fact box
Company: Cadence Design Systems Inc.
ISIN: US12541W1027
Ticker: CDNS
Exchange: NASDAQ
Price (as of August 19, 2026, 04:00 p.m. ET): $316.52 USD
Market cap: $87.17 billion (as of August 19, 2026)
Sector / Industry: Technology / Application Software
Index membership: Nasdaq-100
Next earnings date: October 26, 2026
More on Cadence Design Systems stock
Cadence's software stack spans digital, analog and mixed-signal design, verification and signoff, plus system-level modeling and package analysis. That product set is what turns the July quarter's revenue and backlog figures into a useful lens for the next reporting cycle.
Cadence Design Systems stock at a glance
Cadence Design Systems stock closed the latest session at $316.52 and traded between $315.21 and $323.63 during the session. The shares are down from the 52-week high of $416.69, but the company has now paired that price backdrop with a July 27, 2026 quarter that delivered $1.58 billion in revenue and $2.11 in EPS.
