CDNS Cadence (CDNS) Q2 FY26 earnings call
Cadence delivered strong Q2 FY26 results, exceeding guidance with broad-based growth across all product groups, fueled by accelerating AI-driven demand and a record $8.1 billion backlog. The company raised its full-year revenue and profitability outlook, emphasizing its strengthened competitive position and the significant TAM expansion opportunity presented by Agentic AI, while making strategic investments for future growth.
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CDNS operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Backlog | $6.8BWe exited 2024 with a record backlog of $6.8 billion, which is a testament to our compelling AI-driven chip-to-systems portfolio and its growing proliferation among marquee system and semi customers.Source: earnings call transcript | $7.8BWe finished 2025 with a record backlog of $7.8 billion, well ahead of plan, reflecting broad-based portfolio strength and increasing contributions from our AI solutions.Source: earnings call transcript | $8BOur record backlog of $8 billion was ahead of plan, reflecting strong customer confidence in our AI-driven portfolio and its pivotal role in enabling delivery of their increasingly complex chip and system design road maps.Source: earnings call transcript | $8.1BWith strong execution, we generated Q2 operating margin of 45.5% and second quarter bookings resulted in a record backlog of $8.1 billion.Source: earnings call transcript | +1.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.