{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"Cadence Stock: It Beat, Raised Guidance & Set a Record Backlog — So Why We Say HOLD (CDNS Q2 2026)","slug":"cadence-stock-it-beat-raised-guidance-set-a-record-backlog-so-why-we-say-hold-cdns-q2-2026","published_at":"2026-07-28T02:42:22+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/cadence-stock-it-beat-raised-guidance-set-a-record-backlog-so-why-we-say-hold-cdns-q2-2026","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/cadence-stock-it-beat-raised-guidance-set-a-record-backlog-%e2%80%94-so-why-we-say-hold-cdns-q2-2026/","audio_url":"https://mcdn.podbean.com/mf/web/msjaklom7o7s8b0k/audio_a.mp3","summary":"Cadence Design Systems (CDNS) Q2 2026 — Cadence Design Systems (CDNS), one half of the electronic-design-automation duopoly with Synopsys, delivered another clean beat-and-raise for Q2 2026: non-GAAP EPS of $2.11 topped the ~$2.06 estimate (+28% YoY) on revenue of $1.584B (+24% YoY), with an 88% non-GAAP gross margin and 45.5% operating margin. Bookings drove a record $8.1B backlog, and growth was double-digit across every product group — Core EDA +18%, Semiconductor IP +23%, and System Design & Analysis +37% (aided by the Hexagon D&E integration). Management raised full-year guidance to $6.26-6.34B revenue (~19% growth) and $8.05-8.15 non-GAAP EPS. The stock jumped ~4% to ~$339, still ~19% below its $417 high. But at ~42x forward earnings, ~52x free cash flow and a sub-2% FCF yield — with ~$570M/yr of stock comp partly flattering the cash — even our optimistic, AI-supercycle-leaning owner-earnings DCF lands near $290. Our call: HOLD. Cadence Design Systems is one of the most quietly essential companies in all of technology — one half of the electronic-design-automation (EDA) duopoly, alongside Synopsys, whose software every chipmaker on earth uses to design and verify semiconductors. Q2 2026 was another excellent quarter: non-GAAP EPS of $2.11 beat the ~$2.06 estimate (+28% YoY), revenue rose 24% to $1.584B, non-GAAP gross margin hit 88% and operating margin 45.5%. Bookings produced a record $8.1B backlog, growth was double-digit across every product group (Core EDA +18%, Semiconductor IP +23%, System Design & Analysis +37%), and management raised full-year guidance to $6.26-6.34B revenue (~19% growth) and $8.05-8.15 non-GAAP EPS. The AI chip boom is a powerful tailwind — more, and more complex, chips to design means more Cadence software. So the debate is…","meta_description":"Cadence Design Systems (CDNS) Q2 2026 — Cadence Design Systems (CDNS), one half of the electronic-design-automation duopoly with Synopsys, delivered anoth…","key_points":[],"chapters":[],"topics":[],"duration_seconds":859,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/cadence-stock-it-beat-raised-guidance-set-a-record-backlog-so-why-we-say-hold-cdns-q2-2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/cadence-stock-it-beat-raised-guidance-set-a-record-backlog-so-why-we-say-hold-cdns-q2-2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}