Cadence Design Systems, Inc. (CDNS) Q2 2026 Earnings Call Transcript

Cadence Design Systems, Inc. (CDNS) Q2 2026 Earnings Call July 27, 2026 5:00 PM EDT Company Participants Richard Gu - Vice President of Investor Relations Anirudh Devgan - CEO, President & Director John Wall - Senior VP & CFO Conference Call Participants Joseph Quatrochi - Wells Fargo Securities, LLC, Research Division Joseph Vruwink - Robert W. Baird & Co. Incorporated, Research Division Vivek Arya - BofA Securities, Research Division Sitikantha Panigrahi - Mizuho Securities USA LLC, Research Division James Schneider - Goldman Sachs Group, Inc., Research Division Harlan Sur - JPMorgan Chase & Co, Research Division Yu Shi - Needham & Company, LLC, Research Division Lee Simpson - Morgan Stanley, Research Division Jason Celino - KeyBanc Capital Markets Inc., Research Division Gianmarco Conti - Deutsche Bank AG, Research Division Ruben Roy - Stifel, Nicolaus & Company, Incorporated, Research Division Wei Chia - Citigroup Inc., Research Division Jay Vleeschhouwer - Griffin Securities, Inc., Research Division Joshua Tilton - Wolfe Research, LLC Gary Mobley Presentation Operator Ladies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Cadence Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Thank you. And I will now turn the call over to Richard Gu, Vice President of Investor Relations for Cadence. Please go ahead. Richard Gu Vice President of Investor Relations Thank you, operator. I would like to welcome everyone to our second quarter of 2026 earnings conference call. I'm joined today by Anirudh Devgan, President and Chief Executive Officer; and John Wall, Senior Vice President and Chief Financial Officer. The webcast of this call and a copy of today's prepared remarks will be available on our website, cadence.com. Today's discussion will contain forward-looking statements, including our outlook on future business and operating results. Due to risks and uncertainties, actual results may differ materially from those projected