Cadence Design Systems Inc's Q2 results beat estimates with revenue of $976.58 million and EPS of $1.22. The company sees strong ongoing customer demand for its AI technologies. Cadence expects H2 revenue between $2.052 billion and $2.092 billion, and full-year revenue of $4.05 billion to $4.09 billion. Keybanc maintained an Overweight rating and raised the price target from $265 to $270, while Rosenblatt reiterated a Buy rating with a $250 price target. Despite the positive results, Cadence shares were down 2.16% at $236.05.