Operator (Abby)
Conference Operator
0.00Ladies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Cadence First Quarter 2026 Earnings Conference Call. (operator instructions) Thank you. And I will now...
Richard Gu
Vice President, Investor Relations
0.00Thank you, operator. I'd like to welcome everyone to our first quarter of 2026 earnings conference call. I'm joined today by Anirudh Devgan, President and Chief Executive Officer; and John Wall, Senior Vice President and Chief Financial Officer. The webcast of...
Anirudh Devgan
President and Chief Executive Officer
0.90Thank you, Richard. Good afternoon, everyone, and thank you for joining us today. I'm pleased to report that Cadence had a strong start to 2026 with accelerating AI demand and disciplined execution, delivering one of the best Q1s in the company's history. Our...
John Wall
Senior Vice President and Chief Financial Officer
0.70Thanks, Anirudh, and good afternoon, everyone. I'm pleased to report that Cadence delivered excellent results for the first quarter of 2026, with accelerating momentum and broad-based strength across all our businesses. Robust design activity, coupled with our...
Operator (Abby)
Conference Operator
0.00(operator instructions) And our first question comes from the line of Charles Shi with Needham.
Charles Shi
Analyst, Needham
-0.10Anirudh, I have a pretty high-level question that's probably on many investors' minds. We obviously see agentic AI as something that can help with EDA and increase license consumption, but there are still concerns about AI's ability to actually write software....