---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-285209"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2023-11-29T23:59:59+00:00"
generated_at: "2026-06-07T20:40:07.144618+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Synopsys Q4 revenue $1.599B (+25% YoY), non-GAAP EPS $3.17 beats guidance

## Summary
- Record quarterly revenue of $1.599B, up ~25% YoY; FY revenue $5.843B, up ~15% YoY.
- GAAP diluted EPS $2.26 (Q4)/$7.92 (FY); non-GAAP EPS $3.17 (Q4)/$11.19 (FY), beat high end of guidance.
- Backlog grew to $8.6B; Design Automation, Design IP, Software Integrity segments all contributed.
- FY2024 guidance: expects double-digit revenue growth; non-GAAP tax rate set at 15%.
- Sassine Ghazi to become CEO; Aart de Geus remains chairman.

## SEC filing metadata
- accession: 0001193125-23-285209
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2023-11-29T23:59:59+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/883241/000119312523285209/0001193125-23-285209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312523285209/d613884d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-285209
- JSON: https://secwatch.observer/filing/0001193125-23-285209.json
- Plain text: https://secwatch.observer/filing/0001193125-23-285209.txt

## Key facts
- Earnings Releases
  SYNOPSYS INC reported fourth quarter of fiscal year 2023 results: revenue record quarterly revenue of $1.599 billion, up approximately 25% year over year, net income GAAP net income for the fourth quarter of fiscal year 2023 was $349.2 million, or $2.26 per diluted share, EPS quarterly GAAP earnings per diluted share of $2.26; non-GAAP earnings per diluted share of $3.17.
  - Period: fourth quarter of fiscal year 2023
  - Revenue: record quarterly revenue of $1.599 billion, up approximately 25% year over year
  - Net income: GAAP net income for the fourth quarter of fiscal year 2023 was $349.2 million, or $2.26 per diluted share
  - EPS: quarterly GAAP earnings per diluted share of $2.26; non-GAAP earnings per diluted share of $3.17
  - Result: reported results
  source text: Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2023 Results Summary • Record quarterly revenue of $1.599 billion, up approximately 25% year over year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312523285209/0001193125-23-285209-index.htm
- Earnings Releases
  SYNOPSYS INC reported fiscal year 2023 results: revenue Record fiscal-year revenue of $5.843 billion, up approximately 15% year over year., net income GAAP net income for fiscal year 2023 was $1.230 billion, or $7.92 per diluted share, EPS Fiscal year GAAP earnings per diluted share of $7.92; non-GAAP earnings per diluted share of $11.19.
  - Period: fiscal year 2023
  - Revenue: Record fiscal-year revenue of $5.843 billion, up approximately 15% year over year.
  - Net income: GAAP net income for fiscal year 2023 was $1.230 billion, or $7.92 per diluted share
  - EPS: Fiscal year GAAP earnings per diluted share of $7.92; non-GAAP earnings per diluted share of $11.19
  - Result: reported results
  source text: Record fiscal-year revenue of $5.843 billion, up approximately 15% year over year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312523285209/0001193125-23-285209-index.htm

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