Synopsys jumps on fiscal Q3 earnings beat and raised full-year outlook
+13.39% to $464.89 from $410.00
What moved SNPS
- Adjusted EPS of $3.91 beat the $3.67 consensus estimate, with revenue up 42% year over year to $2.48 billion, above the $2.44 billion Street estimate.
- The company raised its fiscal 2026 adjusted EPS guidance to $15.04-$15.10 (from $14.72-$14.80) and revenue guidance to $9.69 billion-$9.74 billion.
- CEO Sassine Ghazi said AI is creating unprecedented complexity, driving stronger demand for the silicon IP and engineering tools needed for next-generation AI computing and physical AI systems.
- Growth was also tied to the ongoing integration of Ansys following Synopsys’ acquisition of the simulation software maker.
Sources: The Motley Fool · Benzinga · Yahoo Finance · Barchart