Synopsys reports Q2 adjusted EPS $3.67, consensus $3.40

Reports Q2 revenue $1.6B, consensus $1.6B. “We delivered a strong quarter, which demonstrates the mission-critical nature of our products and the resiliency of our business,” said Sassine Ghazi, president and CEO of Synopsys (SNPS). “The mega trends of AI, software-defined systems, and silicon proliferation continue to drive our growth. These trends are increasing design complexity and costs, while also increasing compute performance and energy demands. Synopsys is a trusted partner in addressing these challenges and a leader in applying AI to help customers innovate faster.” “In a dynamic macro environment, Synopsys continues to execute with strong Q2 results on the top and bottom line,” said Shelagh Glaser, CFO of Synopsys. “We’re poised to deliver a solid second half, and we’re reaffirming our full-year revenue and operating margin guidance, reflecting our confidence in the business and continued healthy demand for our products.”