🟢 Cadence Design Systems is trading 4.2% up today after strong Q2 earnings beat and raised full-year guidance

Cadence Design Systems is trading 4.2% up at $352.98 in pre-market after reporting a strong second quarter earnings beat and raising its full-year 2026 guidance.

• The company reported revenue of $1.584 billion and non-GAAP EPS of $2.11, both exceeding analyst expectations.
• Management highlighted a record $8.1 billion backlog and an improved outlook driven by momentum in its new agentic AI AuraStack platform.