Synopsys Inc. (NASDAQ:SNPS) posted its second-quarter results after Wednesday’s closing bell, beating analysts’ estimates. Here's a look at the details inside the report.
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Synopsys Q2 Details
Synopsys reported quarterly earnings of $3.35 per share, which beat the Street estimate of $3.15, according to Benzinga Pro data.
Quarterly revenue came in at $2.28 billion, which beat the consensus estimate of $2.25 billion and was up from $1.6 billion in the same period last year.
“Synopsys delivered a strong second quarter with solid execution and strength across the business,” said Sassine Ghazi, Synopsys CEO.
“AI is scaling semiconductor demand, architectural diversity and complexity of chips and the systems they power — driving demand across our portfolio,” Ghazi added.
Looking Ahead
Synopsys raised its fiscal 2026 EPS guidance to $14.72 to $14.80, versus the $14.45 analyst estimate, and raised its revenue outlook to a new range of $9.63 billion to $9.71 billion, versus the $9.63 billion estimate.
SNPS Stock Price Activity: According to data from Benzinga Pro, Synopsys stock was down 2.45% to $513 in Wednesday's extended trading.
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