$CDNS

The article reviews Q2 results for PTC, Adobe, and Cadence Design Systems. PTC reported $600M revenue, down 6.8% YoY, missing expectations by 1.3% and billings and ARR estimates, with stock up 15.9% to $153.50. Adobe revenue was $6.62B, up 12.7%, beating by 2.6%, with stock up 22.8% to $268.66. Cadence revenue was $1.58B, up 24.2%, beating by 0.5%, stock down 3.7% to $325.99.

Cadence Design Systems (CDNS) shares fell 12.9% over the past month despite Q2 results. According to the company, Q2 revenue rose 24.2% to $1.584B and non-GAAP EPS rose 27.9% to $2.11. The company raised 2026 guidance to $6.26-$6.34B revenue and $8.05-$8.15 EPS, with backlog at a record $8.1B. Valuation remains at 36.3x forward earnings.

Cadence Design Systems (CDNS) reported Q2 revenue of $1.584B (+24.2% YoY) and non-GAAP EPS of $2.11 (+27.9%), both above consensus. It raised 2026 revenue to $6.26-$6.34B and non-GAAP EPS to $8.05-$8.15, citing broader AI agent demand. Backlog hit a record $8.1B.

Cadence Design Systems (CDNS) reported Q2 2026 revenue of $1,584.45M and net income of $367.08M, and said it has retired 37,521,853 shares for $5.21B since 2017. The company raised 2026 guidance to about 19% revenue growth and GAAP operating margins in the upper 20s, citing execution and an AI design roadmap update.

Barclays said S&P 500 returns have been positive in every Fed rate hike cycle since the 1990s, with annualized gains from 0.1% to 7.8% and a median of 5.6%. It noted sector performance depends on whether markets view the Fed as ahead or behind the curve. Barclays also updated a Resilient Software Basket including Palantir, Datadog, Adobe, Intuit, Salesforce, and others.

ISG reported global technology services spending grew fastest on record in Q2 2026. Combined annual contract value rose 43% year on year to $42.4 billion, citing the ISG Index published July 9. Business process outsourcing totaled $2.3 billion, up 34% YoY but down 8% QoQ. ISG said growth was strongest in HR, facilities, and supply chain work.

The article says U.S. lawmakers urged Apple to avoid using CXMT and YMTC memory chips in China-only devices. It also cites CHIPS Act incentives totaling $874 million for seven AI and HPC semiconductor firms, and DOT changes granting Zoox a temporary autonomous-vehicle exemption. It reports Apple Q3 EPS $2.02 vs $1.89, and Amazon Q2 revenue $200.61B vs $196.46B, EPS $5.75 vs $1.82, plus multiple other company earnings and guidance updates.

Cadence Design Systems (CDNS) reported Q2 2026 revenue of $1,584.45 million and GAAP net income of $367.08 million, raised full-year 2026 guidance, and completed a $5.21 billion share repurchase covering 13.52% of shares since 2017, citing record backlog and AI-focused demand. Raised 2026 outlook to revenue $6.26–$6.34B and GAAP net income $1.316–$1.344B.

Cadence (Nasdaq: CDNS) reported Q2 2026 revenue of $1.584B versus $1.275B a year earlier. GAAP diluted EPS was $1.33 versus $0.59. Quarter-end backlog was $8.1B, with $4.2B expected to be recognized in 12 months. The company raised its 2026 revenue outlook to 19% growth, non-GAAP EPS to $8.10, and operating cash flow to $2B at the midpoint.

Cadence Design Systems reported Q2 2026 revenue up 24% year over year, citing broad demand, AI transformation, and record backlogs. Management raised full-year 2026 revenue guidance to 19% growth, assuming export controls stay similar. IP grew over 40%, Hexagon integration added about four points to recurring revenue growth, and margins are expected slightly lower in H2 due to Intel and Hexagon investments.