---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-041524"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:32:49.201905+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Synopsys Q1 FY2024 revenue $1.65B (+21% YoY); GAAP EPS $2.89; non-GAAP EPS $3.56 above guidance

## Summary
- Record quarterly revenue of $1.649B, up ~21% YoY; GAAP net income $449.1M ($2.89 diluted EPS).
- Non-GAAP net income $553.7M ($3.56 diluted EPS) exceeded high end of guidance range.
- Reaffirmed full-year 2024 revenue and non-GAAP operating margin targets; raised non-GAAP EPS guidance.
- Q1 included favorable impact of one extra week vs. prior year; robust design activity cited by CFO.
- CEO highlights AI driving customer investments in silicon and systems for pervasive intelligence.

## SEC filing metadata
- accession: 0001193125-24-041524
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883241/000119312524041524/0001193125-24-041524-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312524041524/d759623d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-041524
- JSON: https://secwatch.observer/filing/0001193125-24-041524.json
- Plain text: https://secwatch.observer/filing/0001193125-24-041524.txt

## Key facts
- Earnings Releases
  SYNOPSYS INC reported first quarter of fiscal year 2024 results: revenue $1.649 billion, net income $449.1 million, or $2.89 per diluted share. Guidance raised.
  - Period: first quarter of fiscal year 2024
  - Revenue: $1.649 billion
  - Net income: $449.1 million, or $2.89 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Synopsys, Inc. (Nasdaq: SNPS ) today reported results for its first quarter of fiscal year 2024. Revenue for the first quarter of fiscal year 2024 was $1.649 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312524041524/0001193125-24-041524-index.htm

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