04:15 PM EDT, 04/28/2025 (MT Newswires) -- Cadence Design Systems ( CDNS ) reported Q1 non-GAAP earnings late Monday of $1.57 per diluted share, up from $1.17 a year earlier.

Analysts polled by FactSet expected $1.49.

Revenue for the quarter ended March 31 was $1.24 billion, up from $1.01 billion a year earlier.

Analysts surveyed by FactSet expected $1.24 billion.

The company adjusted its full-year 2025 non-GAAP diluted EPS guidance to $6.73 to $6.83 from $6.65 to $6.75 earlier. Analysts expect $6.71.

It also adjusted its 2025 revenue guidance to $5.15 billion to $5.23 billion from $5.14 billion to $5.22 billion earlier. Analysts expect $5.19 billion.