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Cadence Design raises annual outlook on AI chip demand

Reuters +13 ·

CDNS Cadence Design Systems Inc
$359.55 +1.72%
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  1. 1Cadence Design Systems (CDNS) raised its annual guidance, buoyed by strong demand for its AI chip design software.
  2. 2The company lifted its full-year revenue outlook to $6.26 billion–$6.34 billion and its adjusted EPS guidance to $8.05–$8.15.
  3. 3Second-quarter revenue climbed 24.2% to $1.584 billion, and adjusted EPS came in at $2.11, beating the consensus estimate of $2.05.

Source Reuters +13 · View original ↗

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