CDNS · PEAD ↑ 51

Cadence Design Systems reported Q3 2026 EPS of $1.59 on 2026-10-26, missing the $1.61 consensus by $0.02 (–1.2%).

Print-day reaction was +1.8% versus the prior close, a measured initial lift despite the modest EPS miss. The overnight gap to the T+1 open added a further +1.2%, indicating that after-hours sentiment held constructive rather than fading. Over days 1–3 the drift was effectively flat at –0.1%, meaning the stock consolidated its post-earnings gains without giving them back. Cumulative abnormal return of +7.1% versus SPY.US over the full three-day window puts this firmly in PEAD long territory; the read holds through 2027-01-21.