Cadence Design Systems shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 guidance above estimates. Also, the company issued Q3 EPS guidance above estimates.

Cadence Design Systems, Inc.

Cadence Design Systems, Inc.

CDNS

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Cadence Design Systems shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 guidance above estimates. Also, the company issued Q3 EPS guidance above estimates.