Synopsys Q3 FY2024 revenue record $1.526B, non-GAAP EPS $3.43 beat guidance

SYNOPSYS INC

2024-Q3 EPS reported $7.37 revenue$4,491,450,000

Record Q3 revenue $1.526B (+13% YoY); GAAP EPS $2.73; non-GAAP EPS $3.43 (+27% YoY).
Non-GAAP EPS exceeded guidance; full-year revenue growth ~15% expected with margin expansion.
Software Integrity business classified as discontinued ops after May 2024 sale agreement.
Design Automation and Design IP segments both contributed to strong performance.
CEO Sassine Ghazi cited AI-driven demand; CFO Shelagh Glaser noted record revenue and momentum.

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