Cadence Design Systems, Inc.’s CDNS has maintained a long-standing partnership with Taiwan Semiconductor Manufacturing Company (“TSMC”), which continues to strengthen over time. A couple of years back ...

Cadence reported a powerhouse first quarter to start 2026, with revenue growing 19% year over year and a record backlog of $8 billion. The firm raised its full-year revenue growth outlook to 17%.

I maintain my buy rating on Cadence Design Systems as Q2 results affirm a robust, diversified growth trajectory. Recurring revenue is accelerating, now less dependent on hardware, with high-teens to ...