secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001193125-24-145001
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys Q2 revenue $1.455B (+15% YoY), non-GAAP EPS $3.00 (+26%); raises FY2024 targets
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- GAAP net income $299.1M ($1.92/diluted share); non-GAAP net income $466.9M ($3.00/diluted share), beating guidance.
- Revenue up ~15% YoY to $1.455B, at high end of guidance; Design Automation and Design IP segments drove growth.
- Full-year FY2024 revenue and non-GAAP EPS targets raised; Q3 guidance implies continued momentum.
- Ansys shareholder approved planned acquisition; Synopsys expects deal to close in H1 2025.
- Software Integrity business classified as discontinued operation following planned sale; results on continuing operations basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312524145001/0001193125-24-145001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312524145001/d740550d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-145001

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