---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-214350"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T09:02:34.702590+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Synopsys Q3 revenue $1.487B (+19% YoY), non-GAAP EPS $2.88 beats guidance; CEO transition to Ghazi in Jan 2024

## Summary
- Record quarterly revenue of $1.487B, up 19% YoY; GAAP EPS $2.17 vs $1.43 last year.
- Non-GAAP EPS $2.88, exceeding high end of guidance and up 37% YoY from $2.10.
- Non-GAAP operating margin expanded ~4 points to 35.3%; FY2023 revenue and EPS guidance raised.
- Aart de Geus to step down as CEO Jan 1, 2024; President & COO Sassine Ghazi appointed as successor.

## SEC filing metadata
- accession: 0001193125-23-214350
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2023-08-16T23:59:59+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/883241/000119312523214350/0001193125-23-214350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312523214350/d411101d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-214350
- JSON: https://secwatch.observer/filing/0001193125-23-214350.json
- Plain text: https://secwatch.observer/filing/0001193125-23-214350.txt

## Key facts
- Earnings Releases
  SYNOPSYS INC reported third quarter of fiscal year 2023 ended July 31, 2023 results: revenue $1.487 billion, net income $336.3 million, or $2.17 per diluted share, EPS $2.17 per diluted share. Guidance raised.
  - Period: third quarter of fiscal year 2023 ended July 31, 2023
  - Revenue: $1.487 billion
  - Net income: $336.3 million, or $2.17 per diluted share
  - EPS: $2.17 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Results for Third Quarter Fiscal Year 2023 Announces Sassine Ghazi to Assume President and CEO Role Effective Jan. 1, 2024 Q3 FY 2023 Summary • Record quarterly revenue of $1.487 billion, up 19% year over year. • GAAP earnings per diluted share of $2.17; non-GAAP earnings per diluted share of $2.88, exceeded high end of guidance. • Raising full-year 2023 revenue,
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312523214350/0001193125-23-214350-index.htm

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