Synopsys Q1 Revenue Rises 66% to $2.409B, Approves $2B Buyback
Synopsys reported first-quarter fiscal 2026 revenue of $2.409 billion, up from $1.455 billion a year earlier, with non-GAAP EPS of $3.77 surpassing guidance. The board authorized a $2.0 billion stock repurchase program while maintaining a full-year revenue outlook of $9.61 billion at midpoint.
1. Strong Q1 Financial Results
Synopsys generated $2.409 billion in Q1 fiscal 2026 revenue, a 66% increase from $1.455 billion a year earlier, with GAAP EPS of $0.34 and non-GAAP EPS of $3.77 exceeding the high end of the guided range.
2. Guidance Reaffirmed
The company reiterated its full-year revenue target of $9.61 billion at the midpoint, including $2.9 billion from the Ansys acquisition, and forecast Q2 revenue of $2.225 billion to $2.275 billion with non-GAAP EPS of $3.11 to $3.17.
3. $2 Billion Stock Repurchase Program
The board approved replenishing the existing buyback program with authorization to purchase up to $2.0 billion of common stock, aimed at offsetting dilution and enhancing shareholder returns.