SNPS Stock Recent News

Synopsys' (SNPS) first-quarter results gain from the momentum across the 3DIC Compiler platform, digital EDA, 2nm and 3nm projects and analog/mixed-signal customers.

Synopsys (SNPS) jumps after better-than-expected 1Q earnings and strong guidance. Its 1Q adjusted EPS came in at $3.56 versus an estimated $3.43 and revenue came in at $1.65B versus an estimated $1.65B.

Synopsys, Inc. (SNPS) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Synopsys (SNPS) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Synopsys (SNPS) came out with quarterly earnings of $3.56 per share, beating the Zacks Consensus Estimate of $3.43 per share. This compares to earnings of $2.62 per share a year ago.

Synopsys forecast second-quarter revenue and profit above Wall Street estimates on Wednesday, anticipating a surge in demand for its software to design complex and artificial intelligence-compatible chips.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Synopsys (SNPS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2024.

Synopsys (SNPS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NVIDIA is the best example. After soaring 239% last year, the semiconductor leader is up almost 50% year-to-date.

Synopsys is demonstrating robust revenue growth as it benefits from increased demand for chip design technology.