Cadence Design Systems (CDNS) reported third-quarter 2026 revenue of $1.633 billion, up 22% year over year. GAAP diluted EPS was $1.05, unchanged from Q3 2025, while non-GAAP diluted EPS was $2.11 versus $1.93. GAAP operating margin was 26.2%, compared with 31.8%, and non-GAAP operating margin was 44.1%, compared with 47.6%. Quarter-end backlog was $8.2 billion; $4.2 billion of revenue from remaining performance obligations was expected to be recognized in the next 12 months.
Cadence raised its fiscal 2026 revenue growth outlook to 21%, with revenue of $6.387 billion to $6.417 billion and non-GAAP diluted EPS of $8.37 to $8.43. Q3 operating cash flow was $424 million, versus $311 million in Q3 2025, and Cadence used $400 million to repurchase shares. The board approved repurchases of up to an additional $2.5 billion under the existing program; future timing and amounts are subject to business and market conditions, corporate and regulatory requirements, stock price, acquisition opportunities and other factors. Permitted methods include open-market and privately negotiated purchases.
Cadence Design Systems (CDNS) Senior Vice President Paul Cunningham exercised options for 1,000 common shares at a $138.02 exercise price and sold 2,000 common shares at $324.13 per share on October 15, 2026. The common-share acquisition and sale were effected under a Rule 10b5-1 Trading Plan adopted March 16, 2026. The reported option balance after the exercise was 5,328 shares.
Cadence Design Systems (CDNS) director Vincentelli Alberto Sangiovanni sold 1,250 shares of common stock at $350.0719 per share on October 1, 2026. The transaction was effected pursuant to a Rule 10b5-1 Trading Plan adopted on May 12, 2026. After the sale, his reported direct holdings were 39,544 shares.
Cadence Design Systems Inc. (CDNS) director Alberto Sangiovanni Vincentelli gave notice of a proposed sale of 1,250 common shares held in the Alberto Sangiovanni-Vincentelli Trust, with an aggregate market value of $437,590 and an approximate sale date of October 1, 2026, through Charles Schwab & Co., Inc. The shares are listed as acquired through a restricted stock lapse on February 9, 2016. The notice also reports 1,250 shares sold during the prior three months, on August 25, 2026, with an aggregate market value of $401,095.
CADENCE DESIGN SYSTEMS INC (CDNS) reported that Sr. Vice President Paul Scannell had 937 shares of common stock withheld on September 17, 2026 to satisfy tax obligations arising from the vesting of a Restricted Stock Unit award. After this tax-withholding disposition, he directly holds 30,783 shares of Cadence common stock.
CADENCE DESIGN SYSTEMS INC (CDNS) reported that President and CEO Anirudh Devgan had 3,779 shares of common stock withheld on September 17, 2026 to satisfy tax obligations arising from the vesting of a Restricted Stock Unit award. After this tax-withholding disposition, he directly holds 247,201 shares of Cadence common stock.
CADENCE DESIGN SYSTEMS INC (CDNS) reported an insider transaction by Sr. Vice President Chin-Chi Teng involving the disposition of shares to cover taxes on equity compensation. On September 17, 2026, 1,181 shares of common stock were withheld to satisfy tax obligations arising from the vesting of Restricted Stock Units. After this withholding transaction, Teng directly held 136,075 shares of Cadence common stock. No Rule 10b5-1 trading plan is reported for this transaction.
CADENCE DESIGN SYSTEMS INC (CDNS) reported that Senior Vice President and Chief Financial Officer John M. Wall had 1,433 shares of common stock withheld on September 17, 2026 to pay tax obligations related to the vesting of Restricted Stock Units. This reduced his directly held stake to 79,459 shares. The transaction was recorded as a share disposition for tax withholding purposes and was not made under a Rule 10b5-1 trading plan.
CADENCE DESIGN SYSTEMS INC (CDNS) reported that Sr. Vice President Paul Cunningham had 1,181 shares of common stock withheld on September 17, 2026 to satisfy tax obligations arising from the vesting of Restricted Stock Units. After this tax-withholding disposition, he directly holds 120,612 shares of Cadence common stock. No Rule 10b5-1 trading plan is reported for this transaction.
CADENCE DESIGN SYSTEMS INC (CDNS) senior vice president Chin-Chi Teng reported an automatic disposition related to equity compensation. On September 15, 2026, 793 shares of common stock were withheld to satisfy tax obligations arising from the vesting of a Performance Stock Award at a price of $273.96 per share. After this withholding, Teng held 137,256 shares of CDNS common stock directly. No Rule 10b5-1 trading plan is indicated.