Synopsys reports Q1 non-GAAP EPS $3.03, consensus $2.79

Reports Q1 revenue $1.46B, consensus $1.45B. “In Q1, Synopsys (SNPS)’ relentless focus on execution and innovation was evident across the business. We launched industry-leading silicon IP and hardware-assisted verification solutions while expanding generative AI capabilities in EDA,” said Sassine Ghazi, CEO. “We are continuing to see strong design activity at advanced nodes, fueled by the AI-driven reinvention of compute. As the pace and complexity of technology innovation increases, new silicon-to-systems design paradigms are essential, and Synopsys is well-positioned to deliver.” “We delivered a solid start to the year, with non-GAAP earnings above guidance, and revenue in the upper end of our guided range,” said Shelagh Glaser, CFO. “These results are a product of our resilient business model, strong operational execution, and leading technology that is mission-critical to customers. We are reaffirming our full-year guidance including expectations for double-digit revenue growth.”