Ac t i o n | 28 Jul 2026 03:11:09 ET │ 19 pages Cadence Design Systems, Inc. (CDNS.O) Beat and Raise; Revenue Momentum to Continue through 2027 CITI'S TAKE CDNS reported a solid beat-and-raise quarter and raised FY26 revenue guidance by $125M to $6.30B (up 19% YoY), its largest upward revision since 2023, driven by strong IP growth from hyperscaler chip design activity and record EDA hardware growth amid rising chip complexity. We see revenue momentum extending through 2027, supported by record backlog of $ ...