Synopsys (SNPS) reported $1.53 billion in revenue for the quarter ended July 2024, representing a year-overyear increase of 2.6%. EPS of $3.43 for the same period compares to $2.88 a year ago. The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $3.28, the EPS surprise was +4.57%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Synopsys (SNPS) came out with quarterly earnings of $3.43 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $2.88 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4.57%. A quarter ago, it was expected that this maker of software used to test and develop chips would post earnings of $3.03 per share when it actually produced earnings of $3, delivering a surprise of -0.99%. Over the l ...

Adjusted Segment Operating Income - Total adjusted segment operating income for the three months ended July 31, 2024, was $610.6 million, compared to $492.8 million for the same period in 2023[32] - Total adjusted segment operating income for the nine months ended July 31, 2024, was $1,758.8 million, compared to $1,380.5 million for the same period in 2023[32] Stock-Based Compensation - Stock-based compensation for the three months ended July 31, 2024, was $164.4 million, compared to $131.5 million for the same period in 2023[32] - Stock-based compensation for the nine months ended July 31, 2024, was $492.6 million, compared to $384.5 million for the same period in 2023[32] Acquisition/Divestiture Related Items - Acquisition/divestiture related items for the three months ended July 31, 2024, were $41.7 million, compared to $4.8 million for the same period in 2023[32] - Acquisition/divestiture related items for the nine months ended July 31, 2024, were $91.8 million, compared to $9.8 million for the same period in 2023[32] Amortization of Acquired Intangible Assets - Amortization of acquired intangible assets for the three months ended July 31, 2024, was $18.6 million, compared to $13.0 million for the same period in 2023[32] - Amortization of acquired intangible assets for the nine months ended July 31, 2024, was $53.3 million, compared to $38.6 million for the same period in 2023[32] Non-Qualified Deferred Compensation Plan - Non-qualified deferred compensation plan for the three months ended July 31, 2024, was $25.8 million, compared to $21.5 million for the same period in 2023[32] - Non-qualified deferred compensation plan for the nine months ended July 31, 2024, was $76.3 million, compared to $44.1 million for the same period in 2023[32]

Results Summary1 Record quarterly revenue of $1.526 billion, up approximately 13% year over year. Quarterly GAAP earnings per diluted share of $2.73; non-GAAP earnings per diluted share of $3.43, up approximately 27% year over year and exceeding guidance. Expecting record full-year revenue with growth of approximately 15% driven by continued, strong execution and business momentum. SUNNYVALE, Calif., Aug. 21, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its third quarter of ...

The upcoming report from Synopsys (SNPS) is expected to reveal quarterly earnings of $3.28 per share, indicating an increase of 13.9% compared to the year-ago period. Analysts forecast revenues of $1.53 billion, representing an increase of 2.6% year over year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company's earnings annou ...

Synopsys, Inc. (SNPS) is slated to report third-quarter fiscal 2024 results on Aug 21 after market close. The company anticipates revenues between $1.51 billion and $1.54 billion for the fiscal third quarter. The Zacks Consensus Estimate is pegged at $1.53 billion, which suggests growth of 2.6% from the year-ago period's reported figure. Synopsys expects non-GAAP earnings per share between $3.25 and $3.30. The Zacks Consensus Estimate for third-quarter earnings has remained unchanged at $3.26 per share over ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Synopsys (SNPS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Synopsys currently has an average brokera ...

The most recent trading session ended with Synopsys (SNPS) standing at $528.64, reflecting a +1.5% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 1.69%. At the same time, the Dow added 1.04%, and the tech-heavy Nasdaq gained 2.43%. The maker of software used to test and develop chips's stock has dropped by 15.45% in the past month, falling short of the Computer and Technology sector's loss of 9.75% and the S&P 500's loss of 4.78%. The investment community will b ...

The U.K. antitrust regulator has confirmed that it's carrying out an early-stage inquiry into Synopsys's plans to buy Ansys. The Competition and Markets Authority (CMA) has opened an "invitation to comment," meaning any stakeholders or interested parties can file their objections to the transaction, after which the regulator will decide whether to progress the investigation to a formal merger inquiry. The CMA hasn't provided any deadline for comment submissions. Chip design software maker Synopsys revealed ...

In the latest market close, Synopsys (SNPS) reached $489.97, with a -1.89% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 1.05%. The the stock of maker of software used to test and develop chips has fallen by 17.86% in the past month, lagging the Computer and Technology sector's loss of 12.91% and the S&P 500's loss of 5.85%. The investment commu ...