Post-earnings recap
Reported
Mon, Apr 27, 2026
EPS actual
$1.96
EPS est.
$1.53
EPS surprise
+28.44%
1-day move
+1.10%
Cadence Design Systems reported a strong earnings per share that exceeded expectations, which contributed to a 1.1% increase in stock price. While revenue figures were not disclosed, the positive EPS surprise indicates strong operational performance. Investors may view the management's comments as a sign of stability and potential growth despite the lack of specific guidance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.96 | $1.89 | +28.44% |
| Revenue | N/A | $1.5B | N/A |
Overall, management expressed confidence in the company's strategic direction while acknowledging market challenges. They remain focused on growth and innovation.
Management highlighted strong demand in key markets.
They noted ongoing investments in innovation and technology.
There was an emphasis on maintaining operational efficiency.
Cadence Design Systems, Inc. is a leader in electronic design automation (EDA) software, helping companies design and test complex electronic systems. As part of the Information Technology sector, its tools are crucial for industries like semiconductor manufacturing and automotive technology, especially as demand for advanced electronics continues to grow.
Last quarter
In the last quarter, Cadence reported an EPS of $1.99, significantly beating expectations. However, the stock experienced a decline of 5.34% the following day, indicating market skepticism despite strong earnings.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+32.48%
Avg 1-day reaction
+0.06%
Analysts expect Cadence to continue its strong performance with a consensus EPS of $1.89 and revenue of $1.5B. The market is watching closely for any signs of growth in key segments.
Bull case
If Cadence exceeds EPS and revenue expectations, it could signal robust demand for its software solutions, leading to increased investor confidence and potential stock price appreciation.
Bear case
Conversely, if the company fails to meet expectations, it may raise concerns about future growth prospects, especially in a competitive tech landscape.
Key metrics to watch
EPS
$1.89Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.
Revenue
$1.5BTotal revenue reflects the company's sales performance and growth, which is vital for assessing overall business health.
The print will turn on these.
Q1
Will Cadence's EPS exceed the consensus estimate of $1.89?
A beat on EPS could reinforce the company's growth narrative and boost investor confidence.
Q2
What is the outlook for revenue growth in key segments?
Insights into revenue growth will help investors gauge the company's ability to capitalize on market trends.
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Why consensus could be wrong
The consensus may underestimate Cadence's ability to leverage new technologies in AI and machine learning, which could drive higher demand than anticipated.
Supporting evidence
The options market is pricing in a 9.2% move, suggesting expectations of volatility that may not align with historical performance.
Cadence's recent track record of beating EPS estimates indicates potential for continued strong performance.
Key risk
If the company reports an EPS below $1.82, it could challenge the current growth narrative.
Pre-commit to what would confirm each case.
The market is focused on Cadence's ability to maintain its growth momentum in a competitive environment.
Bull confirmed if
An EPS of $1.95 or higher would confirm strong demand and effective cost management.
Bear confirmed if
An EPS below $1.82 would raise concerns about the company's growth trajectory.
What the market is pricing for the move.
Implied Move
±9.20%
Historical Avg
±2.2%
The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings announcement.
Options are pricing ±9.0% while CDNS has averaged ±2.2% over the last 8 prints — setup is pricing rich.
ATM IV
1.0%
30d HV
46.3%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$437,589.88
1,250 sh
1 insider
Net
$437,589.88
Net selling
Most Active Insiders· 1 open-market trade
Smart-money positioning from the most recent 13F filings.
Institutional
91.60%
of float
Insider
0.33%
of float
Holders
2,212
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
26,660,845 sh · $9.5B
9.68%
4.8%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Cadence beats expectations, history suggests a potential stock increase of around 2.1%, confirming strong demand for its products.
In line / cautious
If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.
Miss
A miss could lead to a decline of around 1.3%, indicating market disappointment and concerns about future performance.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
3
0 buys·3 sells
Members
2
House only
Est. Notional
$31,003.00–$115,000.00
disclosed dollar ranges
Most Active Members
2 trades
The lines on the call that would change the story.
$437,589.88
Net selling
Recent Transactions
Oct 1, 2026 · @ $350.07
1,250 sh
$437,589.88
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Vanguard Capital Management LLC
18,016,381 sh · $6.4B
6.54%
1.1%
State Street Corporation
13,031,391 sh · $4.6B
4.73%
4.3%
FMR, LLC
9,554,947 sh · $3.4B
3.47%
4.4%
Invesco Ltd.
8,980,518 sh · $3.2B
3.26%
1.9%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net selling
1 trade
Net selling
Recent Transactions
Traded Sep 14, 2026 · disclosed Sep 25, 2026
$15,001.00–$50,000.00
Traded Sep 2, 2026 · disclosed Sep 25, 2026
$15,001.00–$50,000.00
Traded Jun 5, 2026 · disclosed Jul 15, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.