Cadence Design Systems Inc. reported its second-quarter earnings for 2025 with revenue of $1.275 billion, surpassing the estimated $1.25 billion. The company posted a net income of $160.05 million and an adjusted net income of $449.88 million, exceeding the expected $411 million. Earnings per share (EPS) stood at $0.59, while adjusted EPS was $1.65, beating the estimate of $1.55. Cadence raised its full-year revenue guidance to a range of $5.21 billion to $5.27 billion and projected an adjusted EBIT margin between 43.5% and 44.5%. The company, which provides core software and simulation tools essential for semiconductor, chiplet, and PCB design amid the AI hardware wave, saw its shares rise 7.9% in after-hours trading. Following the earnings beat, several analysts raised their price targets for Cadence Design Systems, including KeyBanc and Wells Fargo, with targets now reaching as high as $405. Additionally, other technology and industrial companies such as Boeing, Amazon, and Starbucks also received analyst price target increases in the same period.