Core Viewpoint - Synopsys (SNPS.US) stock price plummeted after third-quarter performance and guidance fell short of expectations, leading to downgrades from several Wall Street analysts [1][2] Group 1: Analyst Ratings and Price Targets - Baird downgraded Synopsys from "Outperform" to "Neutral" and reduced the target price from $670 to $535, citing significant changes in the design intellectual property (IP) outlook, including restrictions in China and changes in customer behavior [1] - Morgan Stanley maintained an "Overweight" rating with a target price of $715, noting strong performance in core electronic design automation (EDA) despite unexpected weakness in the design IP business [1] - Needham kept a "Buy" rating but lowered the target price from $660 to $550, highlighting mixed results post-Ansys acquisition and questioning whether the IP issues are structural or temporary [2] - Wells Fargo reiterated a "Hold" rating while reducing the target price from $630 to $550 [2] Group 2: Financial Performance and Guidance - Synopsys completed the $35 billion acquisition of Ansys in July, but the subsequent financial report showed mixed results, particularly poor performance in the IP business, which has historically influenced stock volatility [2] - Analysts indicated that the fourth-quarter revenue guidance exceeded market expectations, primarily due to the inclusion of Ansys, which offset the weakness in the IP business [1] - Concerns were raised about the potential challenges in financial reporting following the Ansys acquisition, with analysts noting that the company's performance is significantly below historical standards [2] Group 3: Market and Business Outlook - Analysts expressed surprise at the ongoing challenges from the Chinese market and Intel, but remain optimistic that these headwinds will eventually subside [2] - The transition of the IP business model towards "larger IP" (such as subsystems and chips) and its impact on profitability is a key focus for analysts moving forward [2]

Core Viewpoint - Synopsys (SNPS.US) experienced a significant intraday drop of 35%, reaching a five-month low of $390.15 following the release of its Q3 earnings report, which fell short of market expectations [1] Financial Performance - For the third fiscal quarter ending July 31, Synopsys reported a revenue increase of 14% year-over-year to $1.74 billion, but this was below the expected $1.77 billion [1] - The adjusted earnings per share (EPS) for the quarter were $3.39, which also missed market expectations of $3.80 [1] Future Guidance - For the fourth fiscal quarter, Synopsys expects an adjusted EPS in the range of $2.76 to $2.80, significantly lower than the market expectation of $4.50 [1] - The company projects revenue for the fourth quarter to be between $2.23 billion and $2.26 billion, compared to the market expectation of $2.1 billion [1]

周三，新思科技(SNPS.US)开盘暴跌超35%，创下自2004年以来最大跌幅，报392.55美元。消息面上， 此前该公司公布的第三财季业绩及指引均逊于预期。新思科技表示，在截至7月31日的第三财季，其营 收同比增长14%，达到17.4亿美元;调整后每股收益为3.39美元。分析师此前预计该公司营收为17.7亿美 元，调整后每股收益为3.80美元。展望未来，新思科技预计第四财季调整后每股收益在2.76美元至2.80 美元之间，营收预计在22.3亿美元至22.6亿美元之间。此前分析师预计该公司每股收益为4.50美元，营 收为21亿美元。 新思科技首席财务官Shelagh Glaser表示，在设计知识产权业务表现不佳的情况下，公司"对第四季度持 更为谨慎的态度，同时预计今年仍将连续实现盈利增长"。 ...

智通财经APP获悉，周三，新思科技(SNPS.US)开盘暴跌超35%，创下自2004年以来最大跌幅，报 392.55美元。消息面上，此前该公司公布的第三财季业绩及指引均逊于预期。新思科技表示，在截至7 月31日的第三财季，其营收同比增长14%，达到17.4亿美元;调整后每股收益为3.39美元。分析师此前预 计该公司营收为17.7亿美元，调整后每股收益为3.80美元。展望未来，新思科技预计第四财季调整后每 股收益在2.76美元至2.80美元之间，营收预计在22.3亿美元至22.6亿美元之间。此前分析师预计该公司每 股收益为4.50美元，营收为21亿美元。 新思科技首席财务官Shelagh Glaser表示，在设计知识产权业务表现不佳的情况下，公司"对第四季度持 更为谨慎的态度，同时预计今年仍将连续实现盈利增长"。 ...

Group 1 - The core viewpoint of the article highlights that Synopsys, a leading EDA software company, experienced a significant stock decline of 35% following disappointing third-quarter earnings and guidance that fell short of expectations [1] Group 2 - The company's third-quarter performance was below market expectations, leading to a sharp drop in stock price [1] - The guidance provided by the company for future performance also did not meet investor forecasts, contributing to the negative market reaction [1]

来源：滚动播报 新思科技股价暴跌 31%，创 2004 年以来最大跌幅。 ...

每经AI快讯，9月10日，EDA软件龙头新思科技股价暴跌31%，创下自2004年以来最大跌幅。此前公司 季度业绩报告不及预期。 ...

格隆汇9月10日｜STIFEL将新思科技目标价从650美元大幅下调至550美元。 ...

Core Viewpoint - Synopsys reported disappointing Q3 earnings, attributing the decline to a slowdown in its design IP business and challenges faced by major foundry clients [1][2] Financial Performance - For Q3, Synopsys achieved a revenue of $1.74 billion, a 14% year-over-year increase, but below the expected $1.77 billion; adjusted EPS was $3.39, down from $3.43 a year ago [1] - The design automation business revenue grew by 23% year-over-year to $1.31 billion, exceeding market expectations of $1.18 billion; however, the design IP business revenue fell by 7.7% to $427.6 million, below the expected $552.1 million [1] - The adjusted operating profit for the quarter was $669.8 million [1] Future Guidance - For Q4, Synopsys expects adjusted EPS between $2.76 and $2.80, significantly lower than the market expectation of $4.50; revenue is projected to be between $2.23 billion and $2.26 billion, compared to the market expectation of $2.1 billion [2] - For the full year, the company anticipates EPS between $12.76 and $12.80, and revenue between $7.03 billion and $7.06 billion, while analysts had expected EPS of $15.13 and revenue of $6.74 billion [2] Industry Context - Synopsys, along with Cadence and Siemens EDA, constitutes the "big three" in the EDA market, collectively holding over 70% market share [2] - In May, the U.S. Department of Commerce imposed export restrictions on the big three, requiring licenses for sales to customers in mainland China, which has impacted business operations [2] - By July, the companies announced the lifting of temporary bans, allowing full access for Chinese customers to their software and technology [2]

Core Viewpoint - Synopsys (SNPS.US) experienced a significant pre-market drop of nearly 20% to $485.75 following the release of its Q3 earnings report, which showed revenue growth but fell short of market expectations [1] Financial Performance - For the third fiscal quarter ending July 31, Synopsys reported a revenue increase of 14% year-over-year, reaching $1.74 billion, but this was below the expected $1.77 billion [1] - The adjusted earnings per share (EPS) for the quarter were $3.39, which also fell short of market expectations of $3.80 [1] Future Guidance - For the fourth fiscal quarter, Synopsys projected an adjusted EPS of $2.76 to $2.80, significantly lower than the market expectation of $4.50 [1] - The company anticipates revenue for the fourth quarter to be between $2.23 billion and $2.26 billion, compared to the market expectation of $2.1 billion [1]