Erste lifts Cadence forecast to USD 6.40. Cadence Design Systems stock gains 1.87 percent
Published on 10/19/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSForecast and reporting date
- Erste Group Bank lifted its fiscal 2026 earnings forecast to USD 6.40 on October 8, 2026.
- Cadence reported USD 1.58 billion in second-quarter 2026 revenue, up 24.20 percent year over year.
- Cadence Design Systems stock trades at EUR 289.30 at 9:51 a.m. CEST at Lang & Schwarz on October 19, 2026, 1.87 percent above the Xetra close of October 16, 2026.
- Cadence is scheduled to report third-quarter 2026 results on October 26, 2026.
Cadence Design Systems (ISIN US1273871087) was trading at EUR 289.30 at Lang & Schwarz on October 19, 2026 at 9:51 a.m. CEST, up 1.87 percent versus the Xetra close of October 16, 2026 at EUR 284.00. In a report dated October 8, 2026, Erste Group Bank raised its fiscal 2026 earnings forecast for Cadence from USD 6.39 to USD 6.40, according to MarketBeat.
Forecast edges toward consensus
The Erste estimate remains just below the USD 6.41 consensus cited by MarketBeat, leaving a USD 0.01 gap. Cadence's fiscal 2026 adjusted earnings guidance stands at USD 8.05 to USD 8.15, a separate measure from the analyst forecast.
The latest reported operating figures provide the stronger company-specific anchor. Cadence generated USD 1.58 billion in second-quarter 2026 revenue and diluted earnings per share of USD 1.33, while operating margin was 28.00 percent. The standardized financial statement shows second-quarter 2026 net income of USD 367.08 million.
What does the next report test?
The answer is whether the revenue trajectory can support the company's full-year range. Cadence's second-quarter revenue was USD 1.58 billion, compared with USD 1.47 billion in the first quarter of 2026, an increase of USD 110.23 million. MarketBeat reported that second-quarter revenue increased 24.20 percent from the prior-year period and that quarterly earnings exceeded the USD 2.05 consensus by USD 0.06 on an adjusted basis.
Three dated company markers
On July 27, 2026, Cadence reported second-quarter adjusted earnings of USD 2.11 per share and revenue of USD 1.58 billion, according to MarketBeat. On September 15, 2026, Vice President Paul Cunningham sold 2,000 shares for USD 554,240, also reported by MarketBeat. On October 8, 2026, Erste Group Bank lifted its fiscal 2026 earnings forecast from USD 6.39 to USD 6.40, as cited by MarketBeat.
Next reporting date
Cadence is scheduled to publish third-quarter 2026 results on October 26, 2026, according to Simply Wall St. The report should provide the next direct test of the USD 6.26 billion to USD 6.34 billion fiscal 2026 revenue outlook.
Stock gains before the report
At EUR 289.30, the Lang & Schwarz indication stood EUR 5.30 above the EUR 284.00 Xetra close. The 1.87 percent daily increase places the German-market indication below the quoted 52-week high of EUR 359.70 and above the 52-week low of EUR 165.64, both from the October 19, 2026 market snapshot.
The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.
Cadence Design Systems stock facts
- Company: Cadence Design Systems, Inc.
- ISIN: US1273871087
- Ticker: CDNS
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 19, 2026, 9:51 a.m. CEST): EUR 289.30
- Change versus Xetra close: plus 1.87 percent
- Xetra close (October 16, 2026): EUR 284.00
- Market capitalization: EUR 79.0 billion (as of October 19, 2026)
- 52-week range: EUR 165.64-EUR 359.70 (as of October 19, 2026)
- Sector / Industry: Technology / Software - Application
Market context: Market report S&P 500.
