This webcast contains forward-looking statements and non-GAAP measures.

Forward-looking Statements

This webcast contains forward-looking statements, including our outlook on future business and operating results. Due to risks, uncertainties and other factors, many of which are outside our control, actual results may differ materially from expectations expressed or implied in the forward-looking statements. You should not rely on forward-looking statements as predictions of future events. All forward-looking statements in this webcast are made only as of July 24, 2023, are based on estimates and information available to us at that time, and we do not intend, and disclaim any obligation, to update them.

Additional information concerning factors that could cause actual results to differ can be found in our SEC filings, including our most recent Forms 10-K and 10-Q, and the cautionary statements regarding forward-looking statements in our July 24, 2023 earnings release, as well as our future filings.

Non-GAAP Measures

In addition, this webcast contains certain non-GAAP measures, which should not be considered in isolation from, or as a substitute for, GAAP results. Reconciliations of non-GAAP measures with their most directly comparable GAAP results, including those set forth in our July 24, 2023 earnings release and CFO Commentary for the quarter ended June 30, 2023, are available in the quarterly earnings section of the investor relations portion of our website at cadence.com.