Cadence Q3 Earnings Top on Upbeat AI Trends, Backlog Remains Robust

Key Takeaways Cadence reported Q3 EPS of $1.93 and revenues of $1.339B, both topping consensus estimates.Backlog hit a record $7B, powered by AI, HPC and automotive design demand.Full-year outlook was raised with 2025 EPS guided at $7.02-$7.08 on $5.26-$5.29B revenuesCadence Design Systems (CDNS) , a well-known player in the electronic design automation (“EDA”) space, recently reported better-than-expected third-quarter 2025 results and exceeded management’s guidance.Non-GAAP earnings per share (EPS) of $1. ...