Cadence raises 2026 outlook after record quarter, flags major Intel deal as revenue driver

<p class="P1" data-sourcepos="5:1-5:321;128-448">Cadence Design Systems posted stronger-than-expected second-quarter results on July 27 and raised its full-year revenue growth outlook to 19%, citing broad demand for its AI-driven chip design tools and a landmark new agreement with Intel that executives described as a historic shift in the two companies' relationship.