Cadence Design Systems (CDNS) Tops Q1 EPS by 3c; Offers Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $1.29, $0.03 better than the analyst estimate of $1.26. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.01 billion.

GUIDANCE:

Cadence Design Systems sees Q2 2023 EPS of $1.15-$1.19, versus the consensus of $1.26. Cadence Design Systems sees Q2 2023 revenue of $960-980 million, versus the consensus of $1002 million.

Cadence Design Systems sees FY2023 EPS of $4.96-$5.04, versus the consensus of $5.59. Cadence Design Systems sees FY2023 revenue of $4.03-4.07 billion, versus the consensus of $4.463 billion.

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

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