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Cadence Design Systems Reports Q1, Guides Below Q2 Estimates

Cadence Design Systems, Inc. (NASDAQ:CDNS) reported its first-quarter financial results after the bell Monday. Here's a look at the details.  The Details: The company reported quarterly earnings of $1.17 per share which beat the analyst consensus estimate of $1.13 by 3.54%. Quarterly sales clocked in at $1.009 billion which beat the analyst consensus estimate of $1.002 billion by 0.67%. Cadence Design reported Non-GAAP operating margin of 38%, compared to 42% from the same quarter in 2023. “Q1 was a ...