Cadence raises annual forecasts as demand booms for AI chip design

Cadence ​now expects 2026 revenue to be ⁠between $6.26 billion ‌and $6.34 billion, up from its prior ​projection of $6.13 ​billion to $6.23 billion. Demand ​has risen sharply for Cadence's software as chipmakers and technology companies ​develop increasingly sophisticated systems-on-chip (SoCs) and AI accelerators.