CDNS

Cadence DesignC

Nasdaq / Software & Services

At close

2026-06-02

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AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

Probability

Target price

$395.00

-5.1% vs current

Most likely

Base case

Probability

Target price

$374.00

-10.2% vs current

B-

Bear case

Probability

Target price

$295.00

-29.2% vs current

AI sentiment snapshot

Latest data as of 2026-04-28

AI commentary

Headline tone turned constructive after the April 27, 2026 earnings release and guidance raise, but the market reaction looks more modest than euphoric: against the April 24, 2026 anchor price of $332.89, CDNS traded at $336.54 on April 28, 2026 00:15 UTC after a wide $324.00-$349.99 session range. Analyst target coverage in the packet is thin, and one direct peer is embedded within Siemens rather than a pure-play public comp, so confidence should stay moderate rather than aggressive.

RankAlpha Sentiment Codex - 2026-04-28

Open full AI memo

Evidence flagged

peer set is too generic or lacks enough direct operating comparators

Impact

tentative

Confidence

AI events

2026-04-27eventQ1 2026 beat with raised full-year revenue outlookMedium impact

Cadence reported Q1 2026 revenue of $1.474B, non-GAAP EPS of $1.96, record backlog of $8.0B, and raised FY2026 revenue guidance to $6.125B-$6.225B from the prior $5.9B-$6.0B range, supporting a constructive near-term reset in estimates even as investors parse the lower EPS range. [#8-K-2026-04-27]

2026-07-27eventQ2 2026 execution checkpoint on raised revenue guideMedium impact

CFO commentary set Q2 revenue guidance at $1.555B-$1.595B and non-GAAP EPS at $2.02-$2.08, making the next print an important check on backlog conversion, hardware demand, and whether revenue upside can offset acquisition-related EPS pressure. [#8-K-2026-04-27]

2026-10-31catalystAI-driven product breadth is translating into broad-based demandHigh impact

Management highlighted accelerating AI demand, 18% Core EDA growth, a record hardware quarter, 22% IP growth, and 18% System Design and Analysis growth, alongside launches of AgentStack, ViraStack, and InnoStack; if these trends persist, Cadence can sustain premium growth versus direct EDA and systems-design competitors. [#8-K-2026-04-27]

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Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-04-28 • Updated nightlySource: Internal modelMethodology