CDNS · Cadence Design Systems Q2 FY2026 earnings call record财报电话会记录

“Given the growing business momentum and accelerating demand, we are raising our guidance for the year to 19% revenue growth and with higher profitability as we become more central to our customers as a strategic and trusted partner.”

“Customers are investing aggressively in these opportunities, led by AI and HPC, and we are also seeing continued signs of improvement across the more traditional analog and consumer verticals.”

“Demand remains especially strong from AI and HPC customers, including hyperscalers and leading semiconductor companies.”

“With our 3D IC technology and collaboration with TSMC's 3DFabric advanced packaging solutions, we are enabling customers to confidently design cutting-edge silicon for increasingly demanding AI workloads.”

“Robust design activity and customer demand drove 24% year-over-year revenue growth for Q2, with double-digit growth across all our product groups.”

“Our cash balance was $1,440 million, while the principal value of debt outstanding was $2,500 million.”

“For our updated outlook for 2026, we now expect revenue in the range of $6,260 to 6,340 million.”

“GAAP operating margin in the range of 27.75% to 28.75%.”

“Non-GAAP operating margin in the range of 43.75% to 44.75%.”

“At the midpoint, we now expect revenue growth of 19%, operating margin of 44.25%, EPS of $8.10, and operating cash flow of $2 billion for the year.”

“To about 19% revenue growth with improved profitability.”

“Yeah, I was looking at the implied operating margin near 43% and R&D expenses up probably 19% year-over-year based on implied guidance for the full year versus around 10% growth last year.”