---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-147052"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:54:45.881122+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Synopsys Q2 revenue $1.395B, non-GAAP EPS $2.54; raises FY guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-147052
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883241/000119312523147052/0001193125-23-147052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312523147052/d503668d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-147052
- JSON: https://secwatch.observer/filing/0001193125-23-147052.json
- Plain text: https://secwatch.observer/filing/0001193125-23-147052.txt

## Key facts
- Earnings Releases
  SYNOPSYS INC reported second quarter of fiscal year 2023 results: revenue $1.395 billion, net income net income for the second quarter of fiscal year 2023 was $272.9 million, EPS $1.76 per diluted share. Guidance raised.
  - Period: second quarter of fiscal year 2023
  - Revenue: $1.395 billion
  - Net income: net income for the second quarter of fiscal year 2023 was $272.9 million
  - EPS: $1.76 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Jim Brady Synopsys, Inc. 408-482-4719 jim.brady@synopsys.com Synopsys Posts Financial Results for Second Quarter Fiscal Year 2023 Q2 FY 2023 Financial Highlights • Revenue: $1.395 billion • GAAP earnings per diluted share: $1.76 • Non-GAAP earnings per diluted share: $2.54 MOUNTAIN VIEW, Calif. – May 17, 2023 – Synopsys, Inc. (Nasdaq: SNPS ) today reported results
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312523147052/0001193125-23-147052-index.htm

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