Cadence Design Systems (CDNS) Tops Q3 EPS by 10c; Guides Higher

Cadence Design Systems (NASDAQ: CDNS) reported Q3 EPS of $1.06, $0.10 better than the analyst estimate of $0.96. Revenue for the quarter came in at $903 million versus the consensus estimate of $871.2 million.

GUIDANCE:

Cadence Design Systems sees Q4 2022 EPS of $0.89-$0.93, versus the consensus of $0.87. Cadence Design Systems sees Q4 2022 revenue of $870-890 million, versus the consensus of $866.61 million.

Cadence Design Systems sees FY2022 EPS of $4.20-$4.24, versus the consensus of $4.12. Cadence Design Systems sees FY2022 revenue of $3.532-3.552 billion, versus the consensus of $3.5 billion.

For earnings history and earnings-related data on Cadence Design Systems (CDNS) click here.

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