Synopsys Analysts Cut Their Forecasts Following Q1 Results

Synopsys Inc (NASDAQ:SNPS) on Wednesday reported upbeat financial results for the first quarter and cut its FY26 GAAP EPS guidance below estimates.Synopsys reported quarterly earnings of $3.77 per share which beat the analyst consensus estimate of $3.56 per share. The company reported quarterly sales of $2.409 billion which beat the analyst consensus estimate of $2.390 billion.Synopsys lowered its FY2026 GAAP EPS guidance from $2.49-$2.90 to $2.21-$2.62.“Synopsys enters 2026 with an expanded portfolio, lead ...