Synopsys sees FY2027 revenue rising about 15% to $11.15 billion midpoint
SNPS•Synopsys projected FY2027 revenue of $11.1 billion to $11.2 billion, or about 15% growth at the $11.15 billion midpoint. It also set operating margin, EPS, cash flow and long-term targets.
1. FY2027 outlook
Synopsys forecast FY2027 non-GAAP operating margin of about 44.0% at the midpoint and GAAP operating margin of about 20.7%. Non-GAAP EPS is expected to be $19.04 to $19.12, and GAAP EPS $8.16 to $8.61; operating cash flow is projected at about $3.6 billion and free cash flow at about $3.1 billion, with capital expenditures of about $500 million. Its long-term model targets about 15% revenue growth through FY2030, a non-GAAP operating margin near 50% by FY2030, and returning up to 50% of free cash flow through buybacks.
