Cadence (CADE) Q2 Earnings and Revenues Beat Estimates

Core Insights - Cadence (CADE) reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and showing an increase from $0.69 per share a year ago, resulting in an earnings surprise of +5.80% [1] - The company achieved revenues of $476.32 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.60% and up from $456.98 million year-over-year [2] - Cadence has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.75 on revenues of $517.25 million, while for the current fiscal year, the estimate is $2.92 on revenues of $1.95 billion [7] - The trend of estimate revisions for Cadence was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Southeast industry, to which Cadence belongs, is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]