Synopsys Reports Strong Q3 Earnings with Revenue Growth Driven by Ansys Integration
Synopsys reported third-quarter revenue of $2.477 billion, a 42% year-over-year increase driven primarily by the integration of Ansys and strong performance in its Design Automation segment. Non-GAAP earnings per share came in at $3.91, surpassing guidance due to operational efficiency gains. The company raised full-year revenue guidance to between $9.69 billion and $9.74 billion with non-GAAP EPS expected to range from $15.04 to $15.10. Ansys contributed significantly at $711 million in Q3, while the Design Automation segment grew by 8.5%. Synopsys also reported record revenue for hardware-assisted verification and a backlog of $10.9 billion. Management highlighted strong demand from AI infrastructure and multidie architectures as key drivers across segments like IP design wins and die-to-die solutions.
Topics: Ansys acquisition Design Automation EDA software growth non-GAAP EPS revenue