Cadence exceeds expectations in Q1 results, raises full-year revenue forecast

April 28, Gelonghui ｜ Cadence Design Systems announced that its first quarter sales reached $1.474 billion, an increase of 18.7% year-over-year, exceeding analysts' consensus estimate of $1.451 billion. Earnings per share were $1.96, also surpassing analysts' consensus estimate of $1.90. The company revised its full-year revenue forecast upward, now expecting revenue between $6.13 billion and $6.23 billion, higher than the previous estimate of $5.9 billion to $6 billion, while analysts predict $6.17 billion.