Movement Alert｜Cadence Design Pre-Market Rise 3.05%, Raised full-year outlook and launched Maestro AI model portfolio

Market Focus10-27 17:22

On October 27, Cadence Design rose 3.05% in Pre-Market Trading, trading at $330.55/share, with turnover of $1.6155 million.

The move followed updated company disclosures pointing to a higher full-year outlook, while the recently introduced Maestro AI model portfolio for agentic chip and system design added to the near-term catalyst.

Cadence previously reported quarterly revenue of $1.584 billion, up 24% year over year, and adjusted EPS of $2.11. It also raised full-year adjusted EPS guidance to $8.05-$8.15 and revenue guidance to $6.26-$6.34 billion. Separately, the new Maestro portfolio combines domain-specialized post-trained large language models, decision models, and self-improving agent capabilities, with initial access planned for select early customers in the fourth quarter. Recent collaboration progress with Socionext on AI-driven physical design for a large-scale 3nm SoC further supports its AI-focused EDA growth narrative.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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