Cadence(CDNS) - 2024 Q1 - Quarterly Results

Exhibit 99.02 CADENCE REPORTS FIRST QUARTER 2024 CADENCE DESIGN SYSTEMS, INC. CFO COMMENTARY Q1 2024 KEY Key Takeaways Q2 2024 Outlook METRICS • Record Q1 bookings and record Q1 • Revenue : $1.03 billion - $1.05 billion backlog of approximately $6.0 • Revenue $1.009 billion • GAAP operating margin: 26.5% - 27.5% billion • Non-GAAP operating margin: 38.5% - 39.5% • GAAP operating margin 25% • Raising 2024 revenue outlook • GAAP EPS: $0.73 - $0.77 • Non-GAAP operating margin • The pending acquisition of BETA ...