Synopsys Beats Q2 Estimates with $2.276B Revenue, Raises Full-Year Guidance
SNPS•Synopsys posted fiscal Q2 revenue of $2.276 billion and non-GAAP EPS of $3.35, both above guidance, then raised full-year revenue midpoint to $9.665 billion and non-GAAP EPS midpoint to $14.76. The company also appointed Elliott partner Jesse Cohn to its board, expanding membership to 11 under a cooperation agreement.
1. Q2 Financial Results
Synopsys reported second-quarter revenue of $2.276 billion, up 42% from $1.604 billion in the year-ago period. GAAP net income was $17.1 million, or $0.09 per share, while non-GAAP net income reached $643.7 million, or $3.35 per share, both topping guidance.
2. Guidance and Outlook
For the quarter ending July, Synopsys projects revenue of $2.41 billion to $2.46 billion and non-GAAP EPS of $3.63 to $3.69. Full-year revenue midpoint was lifted to $9.665 billion with non-GAAP EPS guidance midpoint raised to $14.76.
3. Board Appointment
Effective June 1, Jesse Cohn—Managing Partner at Elliott Management—will join as an independent director, increasing the board to 11 members. Elliott’s cooperation agreement includes customary standstill, voting and confidentiality commitments.
4. Investor Day Scheduled
Synopsys will host an Investor Day on Sept. 30 to detail its long-term financial targets and strategy to capitalize on AI-driven demand for engineering solutions from silicon through systems.
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