---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-040255"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:41:56.912377+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Synopsys Q1 FY2023 revenue $1.361B, GAAP EPS $1.75, non-GAAP EPS $2.62; reaffirms FY guidance

## Summary
- Revenue $1.361B vs $1.270B YoY; GAAP EPS $1.75 (down from $1.99), non-GAAP EPS $2.62 (up from $2.40).
- Changed reportable segments to three: Design Automation, Design IP, Software Integrity effective Q1 FY2023.
- Reaffirmed FY2023 targets: 14-15% revenue growth, non-GAAP operating margin expansion, non-GAAP EPS growth 18-19%.
- Updated annual non-GAAP tax rate to 16% for FY2023 from 18% due to R&D capitalization rules.
- CEO Aart de Geus cited robust design activity as driver of confidence and guidance reaffirmation.

## SEC filing metadata
- accession: 0001193125-23-040255
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883241/000119312523040255/0001193125-23-040255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312523040255/d436307d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-040255
- JSON: https://secwatch.observer/filing/0001193125-23-040255.json
- Plain text: https://secwatch.observer/filing/0001193125-23-040255.txt

## Key facts
- Earnings Releases
  SYNOPSYS INC reported Q1 FY23 results: net income $406.7 million, EPS $2.62.
  - Period: Q1 FY23
  - Net income: $406.7 million
  - EPS: $2.62
  - Result: reported results
  source text: Synopsys Posts Financial Results for First Quarter Fiscal Year 2023 Q1 FY 2023 Financial Highlights • Revenue: $1.361 billion • GAAP earnings per diluted share: $1.75 • Non-GAAP earnings per diluted share: $2.62
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312523040255/0001193125-23-040255-index.htm
- Earnings Releases
  SYNOPSYS INC reported Q1 FY23 results: net income $406.7 million, EPS $2.62.
  - Period: Q1 FY23
  - Net income: $406.7 million
  - EPS: $2.62
  - Result: reported results
  source text: On a non-GAAP basis, net income for the first quarter of fiscal year 2023 was $406.7 million, or $2.62 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312523040255/0001193125-23-040255-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.