v3.26.1
NET INCOME PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Basic and diluted net income per share
The calculations for basic and diluted net income per share for the three and six months ended June 30, 2026 and June 30, 2025 are as follows:
 Three Months Ended Six Months Ended
 June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
 (In thousands, except per share amounts)
Net income$367,076 $160,051 $702,736 $433,630 
Weighted average common shares used to calculate basic net income per share273,955 271,294 273,012 271,633 
Stock-based awards2,208 1,605 1,936 1,631 
Weighted average common shares used to calculate diluted net income per share276,163 272,899 274,948 273,264 
Net income per share - basic$1.34 $0.59 $2.57 $1.60 
Net income per share - diluted$1.33 $0.59 $2.56 $1.59 
Potential shares of Cadence's common stock excluded
The following table presents shares of Cadence’s common stock outstanding for the three and six months ended June 30, 2026 and June 30, 2025 that were excluded from the computation of diluted net income per share because the effect of including these shares in the computation of diluted net income per share would have been anti-dilutive:
 Three Months Ended Six Months Ended
 June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
 (In thousands)
Market-based awards
1,536 1,472 1,532 830 
Options to purchase shares of common stock9 206 101 220 
Non-vested shares of restricted stock3 22 595 106 
Total potential common shares excluded1,548 1,700 2,228 1,156