Cadence Design Systems (CDNS) Tops Q1 EPS by 8c, Offers Q2 and FY Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.83, $0.08 better than the analyst estimate of $0.75. Revenue for the quarter came in at $736 million versus the consensus estimate of $717.79 million.

GUIDANCE:

Cadence Design Systems sees Q2 2021 EPS of $0.74-$0.78, versus the consensus of $0.76. Cadence Design Systems sees Q2 2021 revenue of $705-725 million, versus the consensus of $722.7 million.

Cadence Design Systems sees FY2021 EPS of $2.99-$3.07, versus the consensus of $3.01. Cadence Design Systems sees FY2021 revenue of $2.88-2.93 billion, versus the consensus of $2.9 billion.

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

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