earnings
confidence high
sentiment positive
materiality 0.85
Synopsys Q2 revenue $1.395B, non-GAAP EPS $2.54; raises FY guidance
SYNOPSYS INC
2023-Q2 EPS reported
$3.51
revenue$2,756,203,000
- Revenue $1.395B, up 9% YoY from $1.279B; exceeded all guidance targets.
- GAAP diluted EPS $1.76 (down from $1.89); non-GAAP diluted EPS $2.54 (up from $2.50).
- FY2023 guidance raised: expects revenue growth 14-15%, non-GAAP op margin 34.5%, non-GAAP EPS growth 21-22%.
- CEO cited Synopsys.ai AI-driven design platform as next growth driver.
- CFO highlighted resilient business model, confidence in raising full-year guidance.