The Daily Tech Brief

Cadence Design Systems lifted its full year 2026 revenue forecast, signaling that investment in AI focused chip design is still accelerating across the industry.

Show Notes

Today’s story: Cadence lifts annual revenue forecast on sustained AI chip-design boom.

  • Cadence raised its fiscal 2026 revenue forecast to $6.13B–$6.23B, up from $5.9B–$6.0B.
  • It reported first-quarter revenue of $1.47B and adjusted profit of $1.96 per share.

Source: Reuters

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