Cadence Design Systems (CDNS) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.11
- Estimate
- $2.05
- Surprise
- +2.8%
- Revenue (period 2026-09-30)
- $1.63B
- Score at report (before → after)
- 6.3 → 5.7/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
Cadence Design Systems (CDNS) beat the $2.05 estimate with adjusted EPS of $2.11 — a modest 2.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.3/10) to Sell at 5.7/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CDNS Sell at 5.8/10.
4 of the last 4 quarters beat the estimate; this quarter's +2.8% surprise compares with a +3.4% four-quarter average. Next scheduled report: 2027-02-18.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.3 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Supplier: single supplier for certain hardware components
- Thin upside margin: 8.2%
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $342.38
- Price target
- $370.58
- Stop
- $318.42
- Upside to target
- +8.2%
- Reward-to-risk
- 0.8:1
The stock trades at 68.1× trailing but 34.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
CDNS at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $94.46B
- P/E (fwd)
- 34.8
- P/E (ttm)
- 68.1
- 52-week range
- $262.75–$416.69
- Off 52-week high
- 17.8%
- RSI (14)
- 45
- Volume vs avg
- 0.04×
- Score today
- 5.8/10