Cadence Design Systems stock gains 2.30 percent ahead of Q3 results

Cadence Design Systems stock (ISIN US1273871087) was trading at USD 361.61 on NASDAQ on October 6, 2026, at 11:19 a.m. ET, up 2.30 percent from the prior close. The next company checkpoint is the third-quarter results webcast scheduled for October 26, 2026.

Q3 results arrive October 26

According to Business Wire on October 5, 2026, Cadence will hold its third-quarter 2026 financial results webcast on October 26, 2026, beginning at 2:00 p.m. Pacific Time. Chief Executive Officer Anirudh Devgan and Chief Financial Officer John Wall are scheduled to participate.

The date matters because the latest reported quarter delivered a high comparison base. In its report on July 27, 2026, Cadence posted adjusted EPS of USD 2.11 against consensus of USD 2.05, while revenue rose 24.2 percent year over year to USD 1.58 billion, according to MarketBeat.

Guidance sets the earnings bar

Cadence's fiscal 2026 adjusted EPS guidance stands at USD 8.05-8.15, while third-quarter adjusted EPS guidance is USD 2.01-2.07, MarketBeat reported in the same October 4, 2026 article. The Q2 figure therefore gives investors a concrete test for whether the company can sustain double-digit growth into the second half.

The reported Q2 operating margin was 28 percent, and consolidated net income was USD 367.1 million for the quarter ended June 30, 2026. Cadence sells electronic design automation software, hardware and semiconductor intellectual property used to design and verify chips and wider electronic systems.

Analysts see further upside

The analyst consensus remains Strong Buy, based on 26 analysts, with an average 12-month price target of USD 405.47, a high of USD 470 and a low of USD 300, according to Investing.com. The average target lies 12.1 percent above the USD 361.61 price, making the October 26 update the next test of that valuation view.

MarketBeat also reported on October 4, 2026, that Wall Street Zen downgraded Cadence from Buy to Hold, while the broader consensus remained Moderate Buy with an average target of USD 404.12. That contrast leaves the upcoming results responsible for translating the company's revenue growth and guidance into a fresh valuation signal.

Cadence stock trades below its high

Cadence Design Systems stock was trading at USD 361.61 on NASDAQ on October 6, 2026, with a session range of USD 354.29 to USD 361.74. The price was 13.2 percent below the 52-week high of USD 416.69 and above the 52-week low of USD 262.75.

Upcoming dates for Cadence Design Systems stock

• October 26, 2026: Third-quarter 2026 financial results webcast

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