Cadence Design Systems stock completes USD 1.24 billion deal

Published on 10/07/2026 at 17:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cadence Design Systems stock is tied to a USD 1.24 billion BETA CAE acquisition completed on October 6, 2026. Q2 revenue rose 24.2 percent to USD 1.58 billion.

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Cadence Design Systems stock was trading at USD 356.62 on Nasdaq at 11:06 a.m. ET on October 7, 2026, down 0.82 percent from the prior close. The immediate company catalyst is the completed USD 1.24 billion acquisition of BETA CAE Systems International AG, announced in a report dated October 6, 2026.

USD 1.24 billion deal closes

According to AKM on October 6, 2026, Cadence completed the purchase of BETA CAE, a provider of multiphysics modeling and analysis software. The transaction expands Cadence's Intelligent System Design strategy into structural analysis and broadens its reach beyond core electronic design automation.

The financing structure makes the balance-sheet effect visible: USD 744 million, or 60 percent of the consideration, was funded through debt, while the remaining 40 percent was paid with Cadence ordinary shares. Cadence plans to use free cash flow to repay the acquisition-related debt, according to AKM.

Q2 revenue rose 24.2 percent

The latest reported quarter provides the operating benchmark for the deal. Cadence posted USD 1.58 billion of Q2 2026 revenue, up 24.2 percent year over year, while quarterly EPS reached USD 2.11 versus USD 2.05 consensus, according to MarketBeat.

For fiscal 2026, Cadence issued adjusted EPS guidance of USD 8.05-8.15, while Q3 2026 adjusted EPS guidance stood at USD 2.01-2.07. The next results webcast is scheduled for October 26, 2026, according to ScanX.

Consensus target sits higher

Investor expectations remain above the intraday quote. Investing.com reports a Strong Buy consensus from 26 analysts, with an average 12-month target of USD 405.47, a high of USD 470.00 and a low of USD 300.00. The average target lies 13.7 percent above the USD 356.62 price.

Stock remains below yearly high

Cadence Design Systems stock was trading at USD 356.62 on Nasdaq on October 7, 2026, within its USD 262.75 to USD 416.69 52-week range. The company had a market capitalization of USD 98.2 billion and volume of 366,454 shares at the same timestamp.