Cadence Q3 Revenue Rises 22% to $1.633 Billion and Raises 2026 Outlook
Cadence Design Systems (CDNS) reported third-quarter 2026 revenue of $1.633 billion, up 22% from $1.339 billion a year earlier. GAAP net income was $289.7 million, while GAAP diluted earnings per share were $1.05.
The company raised its 2026 revenue growth outlook to 21% and projected full-year revenue of $6.387 billion to $6.417 billion. Quarter-end backlog was a record $8.2 billion.
- GAAP operating margin was 26.2%, compared with 31.8% in the prior-year quarter.
- Q3 recurring revenue increased 18% year over year.
- Cadence repurchased $400 million of shares and received authorization for an additional $2.5 billion in repurchases.
- Revenue expected in the next 12 months from remaining performance obligations was $4.2 billion.
- Full-year GAAP diluted EPS guidance was $4.84 to $4.90.
$CDNS Insider Trading Activity
$CDNS insiders have traded $CDNS stock on the open market 75 times in the past 6 months. Of those trades, 0 have been purchases and 75 have been sales.
Here’s a breakdown of recent trading of $CDNS stock by insiders over the last 6 months:
- ANIRUDH DEVGAN (President and CEO) has made 0 purchases and 3 sales selling 128,714 shares for an estimated $50,044,955.
- PAUL SCANNELL (Sr. Vice President) has made 0 purchases and 4 sales selling 18,932 shares for an estimated $6,813,255.
- CHIN-CHI TENG (Sr. Vice President) has made 0 purchases and 33 sales selling 18,232 shares for an estimated $6,409,779.
- PAUL CUNNINGHAM (Sr. Vice President) has made 0 purchases and 6 sales selling 11,000 shares for an estimated $3,735,350.
- JOHN M WALL (Sr. VP & CFO) has made 0 purchases and 5 sales selling 5,000 shares for an estimated $1,743,564.
- VINCENTELLI ALBERTO SANGIOVANNI has made 0 purchases and 6 sales selling 2,500 shares for an estimated $838,684.
- JAMES D PLUMMER sold 1,511 shares for an estimated $576,204
- ITA M BRENNAN has made 0 purchases and 17 sales selling 360 shares for an estimated $121,132.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CDNS Hedge Fund Activity
We have seen 767 institutional investors add shares of $CDNS stock to their portfolio, and 678 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 7,865,907 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,952,232,215
- INVESCO LTD. added 5,958,395 shares (+197.2%) to their portfolio in Q2 2026, for an estimated $2,236,304,811
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,192,940 shares (+inf%) to their portfolio in Q2 2026, for an estimated $823,054,240
- JENNISON ASSOCIATES LLC removed 1,258,844 shares (-21.8%) from their portfolio in Q2 2026, for an estimated $472,469,330
- BLACKROCK, INC. added 1,208,252 shares (+4.7%) to their portfolio in Q2 2026, for an estimated $453,481,140
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,189,122 shares (+12942.1%) to their portfolio in Q2 2026, for an estimated $446,301,269
- AMERICAN CENTURY COMPANIES INC added 1,059,557 shares (+86.2%) to their portfolio in Q2 2026, for an estimated $397,672,933
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CDNS Congressional Stock Trading
Members of Congress have traded $CDNS stock 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $CDNS stock by members of Congress over the last 6 months:
- REPRESENTATIVE KEVIN HERN has traded it 2 times. They made 0 purchases and 2 sales worth up to $100,000 on 09/14, 09/02.
- REPRESENTATIVE BYRON DONALDS has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 06/05.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
