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Cadence Design Systems, whose software chipmakers use to design AI accelerators, reported $1.584 billion of revenue in its second quarter of 2026, up 24.2% from $1.275 billion a year earlier, with quarter-end backlog reaching a record $8.1 billion as CEO Anirudh Devgan cited accelerating demand for AI-driven design tools Cadence's Q2 2026 revenue: $1.584 billion, up 24.2% year-over-year
Verified 2026-08-25
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