UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JULY 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 000-19807 SYNOPSYS, INC. (Exact name of registrant as specified in its charter) Delaware 56-1546236 (State or other jurisdiction of ...

Synopsys, Inc. (NASDAQ:SNPS) Q3 2023 Earnings Conference Call August 16, 2023 5:00 PM ET Company Participants Trey Campbell - SVP & IR Aart de Geus - Chairman & CEO Sassine Ghazi - President & COO Shelagh Glaser - CFO Conference Call Participants Jason Celino - KeyBanc Capital Markets Gary Mobley - Wells Fargo Joshua Tilton - Wolfe Research Joseph Vruwink - Robert W. Baird Vivek Arya - BofA Securities Ruben Roy - Stifel Jay Vleeschhouwer - Griffin Securities Charles Shi - Needham & Company Gianmarco Conti - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 000-19807 SYNOPSYS, INC. (Exact name of registrant as specified in its charter) Delaware 56-1546236 (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - GAAP earnings per share was $1.76, while non-GAAP earnings per share was $2.54, exceeding the high end of the target range [26] - Revenue for the quarter reached $1.395 billion, above the high end of guidance, with non-GAAP operating margin at 33.3% [49][65] - Operating cash flow generated was $703 million, with a backlog increase to $7.3 billion [26][66] - Full year revenue guidance raised to between $5.79 billion and $5.83 billion, with non-GAAP earnings per share growth expectation increased to 21% to 22% [40][67] Business Line Data and Key Metrics Changes - Design Automation segment revenue was $928 million, up 13%, driven by strength in EDA software and hardware, with an adjusted operating margin of 38.8% [42] - Design IP segment revenue was $335 million, down 4% due to a tough comparison to an exceptionally strong Q2 '22 [42] - Software Integrity segment revenue was $132 million, up 17%, with an adjusted operating margin of 13.9% [90] Market Data and Key Metrics Changes - Demand for Smart Everything is driving significant long-term growth for semiconductors, with a focus on performance-per-watt and security becoming mandatory [29][40] - The market is experiencing weaker demand for semiconductors overall, particularly in consumer markets, but R&D investments in new chip designs remain a priority [50][67] - The adoption of AI in chip design is accelerating, with over 200 AI-driven commercial tapeouts reported [31][34] Company Strategy and Development Direction - The company is embedding AI across its product offerings, with significant advancements in design flow automation and a focus on multi-die systems [30][57] - Collaborations with TSMC and Ansys aim to deliver advanced EDA solutions, enhancing the company's position in the semiconductor design market [35][36] - The vision of Smart Everything is expected to create substantial opportunities for both the company and its customers [27][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business outlook, citing strong design activity and a healthy industry despite macroeconomic challenges [50][67] - The company anticipates a strong second half of the year, driven by increased renewals and IP consumption [73][96] - The management highlighted the importance of AI in enhancing design productivity and addressing the shortage of top designers [72][84] Other Important Information - The company has doubled its customer base every quarter this year, with the SaaS model accounting for 70% of users [34] - The Software Integrity segment is expected to grow by 15% to 20% in revenue with expanding margins [90] - The company is committed to maximizing its positive impact and driving change in the industry through its technology [62] Q&A Session All Questions and Answers Question: What is the outlook for renewals and growth into next year? - Management confirmed strong investment in chip design during downturns to prepare for future demand, emphasizing the importance of productivity enhancements through AI [71] Question: Are larger software renewals expected in the second half? - Management noted that while renewals vary across the industry, there is a healthy outlook for the coming decade, driven by software demand [75][76] Question: What is driving the expansion of operating margins this year? - The expansion is attributed to rigorous financial control and the ability to scale effectively in response to opportunities [146] Question: How is AI transforming the core EDA market? - AI is enhancing automation and efficiency in chip design, leading to significant productivity improvements and potentially encouraging more companies to pursue custom semiconductor designs [138][162]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 000-19807 SYNOPSYS, INC. (Exact name of registrant as specified in its charter) Delaware 56-1546236 (State or other jurisdiction ...

Synopsys, Inc. (NASDAQ:SNPS) Q1 2023 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Phil Lee - Director, IR Aart de Geus - Chairman & CEO Shelagh Glaser - CFO Conference Call Participants Joe Vruwink - Robert W. Baird Jason Celino - KeyBanc Capital Markets Charles Shi - Needham & Company Gary Mobley - Wells Fargo Jay Vleeschhouwer - Griffin Securities Vivek Arya - Bank of America Merrill Lynch Ruben Roy - Stifel Giani Conti - Deutsche Bank Blair Abernethy - Rosenblatt Securit ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-19807 SYNOPSYS, INC. (Exact name of registrant as specified in its charter) Delaware 56-1546236 (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JULY 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 000-19807 SYNOPSYS, INC. (Exact name of registrant as specified in its charter) Delaware 56-1546236 (State or other jurisdiction of ...

Synopsys, Inc. (NASDAQ:SNPS) Q3 2022 Results Conference Call August 17, 2022 5:00 PM ET Company Participants Lisa Ewbank - VP, IR Aart de Geus - Chairman and CEO Trac Pham - CFO Conference Call Participants Joe Vruwink - Baird Gary Mobley - Wells Fargo Securities Gal Munda - Wolfe Research Harlan Sur - JPMorgan Charles Shi - Needham & Company Jason Celino - KeyBanc Jay Vleeschhouwer - Griffin Sachin Jain - Bank of America Blair Abernethy - Rosenblatt Operator Ladies and gentlemen, welcome to the Synopsys Ea ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Corporate Overview | | | | | | | | | | | MAY 2022 for Investors | | | | | | | | | | | | | | | | | | | | | F o r w a r d - L o o k i n g S t a t e m e n t s This presentation contains forward-looking statements, including, but not limited to, statements regarding Synopsys' short-term ...