Cadence Design Systems (CDNS) reported Q2 adjusted earnings late Monday of $2.11 per diluted share, up from $1.65 a year earlier.

Analysts polled by FactSet expected $2.05.

Revenue for the three months ended June 30 was $1.58 billion, up from $1.28 billion a year earlier.

Analysts expected $1.58 billion.

The company now expects full-year 2026 adjusted EPS of $8.05 to $8.15 on revenue of $6.26 billion to $6.34 billion, up from its prior guidance of adjusted EPS of $7.85 to $7.95 on revenue of $6.13 billion to $6.23 billion.

Analysts expect $7.94 and $6.21 billion, respectively.