The company’s updated guidance places full-year revenue between $6.39 billion and $6.42 billion, a notable step up from its prior forecast of $6.26 billion to $6.34 billion. This optimism follows a third-quarter performance where revenue climbed to $1.63 billion, beating the $1.61 billion consensus estimate from FactSet analysts. On an adjusted basis, the firm reported earnings of $2.11 per share, topping the $2.05 expectation.

Chief Financial Officer John Wall attributed this trajectory to the introduction of Maestro, a suite of domain-specialized AI models designed to optimize complex chip architecture. Beyond new software, the company’s AI Super Agents saw significant adoption, recording over 100 customer engagements during the quarter. With a robust backlog of $8.2 billion, the firm’s board has authorized a $2.5 billion stock repurchase program, signaling confidence in its long-term cash flow and market position.