Filing Flows › Cadence Design Systems (CDNS) › Guidance history
Cadence Design Systems (CDNS) guidance history: what it guided and what it reported
Cadence Design Systems gave guidance in 13 earnings releases on file since Feb 12, 2024. Of 6 guided periods since reported, it met or beat its own guidance 6 times (100%). Revenue: 2 of 2, on average +25.8% against the guided midpoint. Its releases raised guidance 8 times and lowered it once.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $3.8B (Feb 17, 2026) → raised $4.0B (Apr 27, 2026) → raised $4.2B (Jul 27, 2026) → reaffirmed $4.2B (Oct 26, 2026) | — | to be reported | — |
| FY2025 | $5.1B–$5.2B (Feb 18, 2025) → reaffirmed $5.2B–$5.2B (Apr 28, 2025) → raised $5.2B–$5.3B (Jul 28, 2025) → lowered $3.5B (Oct 27, 2025) | $5.3B | above the range | +51.3% |
| FY2024 | $4.5B–$4.6B (Feb 12, 2024) → raised $4.6B–$4.6B (Apr 22, 2024) → raised $4.6B–$4.7B (Jul 22, 2024) → reaffirmed $4.6B–$4.7B (Oct 28, 2024) | $4.6B | within the range | +0.2% |
| Q3 2024 | $1.2B–$1.2B (Jul 22, 2024) | — | — | — |
| Q2 2024 | $1.0B–$1.1B (Apr 22, 2024) | — | — | — |
| Q1 2024 | $990M–$1.0B (Feb 12, 2024) | — | — | — |
GAAP operating margin
Met or beat 2 of 2 periods (0 above, 2 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 31.8%–32.8% (Feb 17, 2026) → lowered 27.5%–28.5% (Apr 27, 2026) → raised 27.8%–28.8% (Jul 27, 2026) → raised 28.2%–29.2% (Oct 26, 2026) | — | to be reported | — |
| FY2025 | 30.2%–31.2% (Feb 18, 2025) → reaffirmed 30.2%–31.2% (Apr 28, 2025) → lowered 28.5%–29.5% (Jul 28, 2025) → lowered 27.9%–28.9% (Oct 27, 2025) | 28.2% | within the range | -0.2 pts |
| FY2024 | 32.0%–33.0% (Feb 12, 2024) → lowered 31.0%–32.0% (Apr 22, 2024) → lowered 29.7%–31.3% (Jul 22, 2024) → lowered 29.0%–30.0% (Oct 28, 2024) | 29.1% | within the range | -0.4 pts |
| Q3 2024 | 27.7%–29.3% (Jul 22, 2024) | — | — | — |
| Q2 2024 | 26.5%–27.5% (Apr 22, 2024) | — | — | — |
| Q1 2024 | 24.5%–25.5% (Feb 12, 2024) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 44.8%–45.8% (Feb 17, 2026) → lowered 43.5%–44.5% (Apr 27, 2026) → raised 44.2% (Jul 27, 2026) → raised 44.2%–45.2% (Oct 26, 2026) | — | to be reported | — |
| FY2025 | 43.2%–44.2% (Feb 18, 2025) → reaffirmed 43.2%–44.2% (Apr 28, 2025) → raised 44.0% (Jul 28, 2025) → raised 43.9%–44.9% (Oct 27, 2025) | — | — | — |
| Q3 2024 | 40.7%–42.3% (Jul 22, 2024) | — | — | — |
| Q2 2024 | 38.5%–39.5% (Apr 22, 2024) | — | — | — |
| Q1 2024 | 36.5%–37.5% (Feb 12, 2024) | — | — | — |
| FY2024 | 42.0%–43.0% (Feb 12, 2024) → reaffirmed 42.0%–43.0% (Apr 22, 2024) → reaffirmed 41.7%–43.3% (Jul 22, 2024) → reaffirmed 42.0%–43.0% (Oct 28, 2024) | — | — | — |
GAAP net income
Met or beat 2 of 2 periods (2 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $317M–$333M (Feb 17, 2026) → lowered $296M–$312M (Apr 27, 2026) → raised $308M–$324M (Jul 27, 2026) → raised $339M–$355M (Oct 26, 2026) | — | to be reported | — |
| FY2025 | $256M–$273M (Feb 18, 2025) → lowered $242M–$259M (Apr 28, 2025) → raised $314M–$330M (Jul 28, 2025) → raised $319M–$335M (Oct 27, 2025) | $1.1B | above the range | +239.1% |
| FY2024 | $228M–$256M (Jul 22, 2024) → raised $300M–$316M (Oct 28, 2024) | $1.1B | above the range | +242.7% |
| Q2 2024 | $200M–$211M (Apr 22, 2024) | — | — | — |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $518M–$534M (Feb 17, 2026) → raised $557M–$573M (Apr 27, 2026) → reaffirmed $558M–$574M (Jul 27, 2026) → raised $601M–$617M (Oct 26, 2026) | — | to be reported | — |
| FY2025 | $402M–$419M (Feb 18, 2025) → raised $422M–$439M (Apr 28, 2025) → raised $480M–$496M (Jul 28, 2025) → raised $514M–$530M (Oct 27, 2025) | — | — | — |
| Q2 2024 | $329M–$340M (Apr 22, 2024) | — | — | — |
| FY2024 | $302M–$313M (Feb 12, 2024) → raised $382M–$410M (Jul 22, 2024) → raised $489M–$505M (Oct 28, 2024) | — | — | — |
Tax rate
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 26.0% (Jul 29, 2026) | — | to be reported | — |
The latest quarter
Cadence Design Systems, Q3 2026: revenue $1.6B (+22% year over year), operating margin 26.2%, net earnings $290M, operating cash flow $424M. The chart follows the revenue to costs, profit and cash.
Questions
Does Cadence Design Systems beat its guidance?
Cadence Design Systems gave guidance in 13 earnings releases on file since Feb 12, 2024. Of 6 guided periods since reported, it met or beat its own guidance 6 times (100%). Revenue: 2 of 2, on average +25.8% against the guided midpoint.
How often does Cadence Design Systems raise guidance?
Its earnings releases raised guidance 8 times and lowered it once since Feb 12, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.