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Cadence DesignD
Nasdaq / Software & Services
Last Price
At close
2026-07-22
View Chart
Current thesis
The cleanest bullish read is that April 27, 2026 results reinforced durable AI-chip design demand: backlog reached $8.0B, FY2026 revenue guidance moved to roughly 17% year-over-year growth at the midpoint, and management cited strength across Core EDA, hardware, IP, and system design.
Posture
Defensive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-07-27 · AMC.
What can break
Cadence’s revenue mix still depends on order timing, deliveries, and large customer design activity, so hardware or advanced-node demand slippage could pressure conversions from backlog.
Momentum
37
Value
50
Sentiment
55
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $374.00 · Bull $395.00 · Bear $295.00
Earnings
57 · Near miss
Next 2026-07-27 · AMC
Data freshness
Prices
As of 2026-07-22
Fundamentals
As of 2026-07-21 • Vendor: Data Vendor v1
Scores
As of 2026-07-22 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-28 • Model: RankAlpha Sentiment Codex
Earnings Setup
As of 2026-07-22 • RankAlpha AI
Investment thesis
As of 2026-07-22
Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Neutral
Target $401.00
Why
Momentum37 · Δ7d -26.0
Value50 · Δ7d +0.3
Sentiment55 · Δ7d +8.4
So what
Weak posture (Net Neutral). Prioritize risk control and patience.
Earnings surprise screen
57Near miss2026-07-27 amc
View setup

Cadence had credible consensus EPS and revenue data, a prior earnings beat, raised revenue guidance, and a recent high-close/high-volume session. However, the company lowered its full-year adjusted EPS outlook, the stock was down roughly 8.5% over five sessions, and the semiconductor complex was under material pressure, leaving no positive EPS revision or whisper confirmation.

Screen as of 2026-07-22. Window 2026-07-22 to 2026-07-28.
Lead driver: Value · See fundamentals
Momentum
37
26% active weight
Current posture
7d trendSoftening
Δ7d
-26.0
Δ21d
-39.6
Value
50
39% active weight
Current posture
7d trendFlat
Δ7d
+0.3
Δ21d
+0.5
Sentiment
55
34% active weight
Current posture
7d trendImproving
Δ7d
+8.4
Δ21d
+6.9
Why this grade

Composite grade D. Momentum 36.5 / Value 49.7 / Sentiment 54.8

Fundamentals (TTM)
As of 2026-07-21
Market Cap
$95.06B
Beta
1.02
Shares Out
275.82M
P/E (TTM)
77.7
P/S (TTM)
15.73
P/FCF (TTM)
55.45
Rev YoY
+18.7%
EPS YoY
+22.7%
Gross Margin
+85.2%
Op Margin
+28.5%
Net Debt
-$489.2M
Current Ratio
1.47
As of 2026-07-22 • Updated nightlySource: Internal modelMethodology