Synopsys Q3 2026 results beat guidance, citing EDA strength and Ansys outperformance
SNPS•Full-year outlook raised
Synopsys increased full-year guidance to $9.69 billion-$9.74 billion in revenue, $15.04-$15.10 in non-GAAP EPS, and free cash flow near $2.6 billion.
EDA and design IP both showed strength
EDA revenue rose 8.5%, supported by robust software results and record hardware-assisted verification. Management expects double-digit EDA growth in Q4.
Design IP revenue rose 11% to $474 million as the portfolio shifted toward higher-value opportunities; management expects sequential growth in Q4.
Q3 results top guidance on revenue and margins
Synopsys posted fiscal third-quarter revenue of $2.48 billion, up 42%, driven by EDA outperformance and strong Ansys demand.
Non-GAAP operating margin reached 41.6% on lower-than-expected costs, helped by operational efficiency and Ansys cost synergies.
