Synopsys rises as FY27 outlook tops estimates
SNPS•Synopsys forecast fiscal 2027 revenue of $11.10 billion-$11.20 billion and adjusted EPS of $19.04-$19.12, above analysts’ average estimates of $10.81 billion and $17.81. The company also plans about $1 billion in share buybacks and announced deals involving OpenAI and Amazon Web Services.
1. Outlook exceeds estimates
Synopsys shares rose 11.6% after the chip-design software maker issued fiscal 2027 revenue guidance of $11.10 billion-$11.20 billion and adjusted EPS guidance of $19.04-$19.12. Analysts’ average estimates were $10.81 billion in revenue and $17.81 in adjusted EPS.
2. Buyback and deals
Synopsys plans to repurchase roughly $1 billion of stock over the coming months. It said it struck a revenue-sharing deal with OpenAI to develop an AI model for the chip business, while Amazon Web Services signed a multi-year licensing deal worth more than $1 billion for Synopsys chip-design intellectual property.
