{"id":289158,"date":"2026-02-18T01:43:09","date_gmt":"2026-02-18T01:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/289158\/"},"modified":"2026-02-18T01:43:09","modified_gmt":"2026-02-18T01:43:09","slug":"cadence-beats-quarterly-profit-and-revenue-estimates-on-strong-ai-linked-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/289158\/","title":{"rendered":"Cadence beats quarterly profit and revenue estimates on strong AI-linked demand"},"content":{"rendered":"\n<p class=\"yf-vbsvxt\">Feb 17 (Reuters) &#8211; Cadence Design Systems beat quarterly revenue estimates on Tuesday, as strong demand for complex \u200c<a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> processors lifted sales of its chip design \u200csoftware.<\/p>\n<p class=\"yf-vbsvxt\">Shares of the San Jose, California-based company were up nearly 4% in \u200bextended trading.<\/p>\n<p class=\"yf-vbsvxt\">Elevated demand for chips that can handle complex AI processes has benefited the company, which offers specialized design software for mapping out intricate circuits and blueprints for common components \u200csuch as memory connectors. \u2060It also sells tools that check for overheating or electrical glitches.<\/p>\n<p class=\"yf-vbsvxt\">CFO John Wall said strong fourth-quarter \u2060contract bookings have left the company with a record $7.8 billion worth of work under contract to be delivered in future periods, \u200bgiving it \u200bstrong momentum heading into 2026.<\/p>\n<p class=\"yf-vbsvxt\">Cadence, \u200bwhose customers include <a href=\"https:\/\/www.yahoo.com\/organizations\/apple\/\" data-ylk=\"slk:Apple;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Apple<\/a> \u200cand Amazon, introduced a virtual AI &#8220;agent&#8221; earlier this month to help companies such as <a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:Nvidia;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a> accelerate the design of complex chips, an increasingly important battleground in the U.S.-China technology race.<\/p>\n<p class=\"yf-vbsvxt\">Cadence&#8217;s fourth-quarter revenue rose 6.2% from a year earlier to $1.44 billion, \u200cbeating analysts&#8217; average estimate of $1.42 \u200bbillion, according to data compiled by \u200bLSEG. Adjusted profit came \u200bin at $1.99 per share for the quarter, exceeding \u200cestimates of $1.91 per share.<\/p>\n<p class=\"yf-vbsvxt\">Cadence expects \u200b2026 revenue between $5.9 \u200bbillion and $6.0 billion, largely in line with analysts&#8217; expectations. For 2025, the company reported revenue of $5.30 billion.<\/p>\n<p class=\"yf-vbsvxt\">It also \u200bforecast adjusted profit \u200cper share of $8.05 to $8.15 for the year, largely in \u200bline with estimates of $8.05.<\/p>\n<p class=\"yf-vbsvxt\">(Reporting by Anhata Rooprai in \u200bBengaluru; Editing by Jonathan Ananda)<\/p>\n","protected":false},"excerpt":{"rendered":"Feb 17 (Reuters) &#8211; Cadence Design Systems beat quarterly revenue estimates on Tuesday, as strong demand for complex&hellip;\n","protected":false},"author":2,"featured_media":289159,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,149655,79346,78617,160548,111,139,69,138581,145],"class_list":{"0":"post-289158","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-cadence-design-systems","12":"tag-chip-design","13":"tag-fourth-quarter-revenue","14":"tag-john-wall","15":"tag-new-zealand","16":"tag-newzealand","17":"tag-nz","18":"tag-revenue-estimates","19":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/289158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=289158"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/289158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/289159"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=289158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=289158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=289158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}