Can Synopsys' Design IP Business Return to Growth in Fiscal 2026?

Key Takeaways Synopsys' IP revenues fell 6% YoY to $407M in Q1 FY2026, with recovery expected later in FY26.SNPS sees strong AI-driven design starts boosting demand for PCIe, SerDes, HBM and LPDDR solutions.Over 40 PCIe wins and 224G SerDes traction highlight improving demand and long-term IP opportunity.Synopsys’ (SNPS) Design IP business remained soft in the first quarter of fiscal 2026. Revenues from the segment were $407 million, down 6% year over year and flat sequentially. Synopsys expects fiscal 2026 ...