secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001193125-23-147052
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523147052/0001193125-23-147052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523147052/d503668d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-147052

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