Movement Alert｜Cadence Design Overnight Rise 3.36%, raised full-year outlook and launched Maestro AI model suite

Market Focus10-27 13:08

On October 27, Cadence Design rose 3.36% Overnight, trading at $333.0 per share, with turnover of $719,700.

The move was linked to the company’s latest upward revision to full-year guidance and the recent launch of its Maestro AI model suite for agentic chip and system design.

Earlier results showed quarterly revenue of $1.584 billion, up 24% year over year, and adjusted EPS of $2.11, above expectations. The company lifted its full-year adjusted EPS outlook to $8.05-$8.15 and revenue guidance to $6.26-$6.34 billion. Separately, the Maestro AI model suite is scheduled to reach select early customers in the fourth quarter, reinforcing the company’s AI-driven EDA growth narrative. Prior product updates also included expanded Chipstack AI capabilities in RTL generation and early PPA optimization.

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