secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001193125-23-040255
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523040255/0001193125-23-040255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523040255/d436307d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-040255

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