Strong Revenue Growth
Revenue for Q2 was $1.6 billion, up 10% year over year, exceeding the midpoint of guidance. The design IP segment revenue increased by 21% year over year.
Resilient Business Model
The company's backlog increased by $400 million quarter over quarter, reaching $8.1 billion, reflecting consistent execution and market resilience.
AI and HPC Sector Strength
The AI and HPC sectors remained robust, with Synopsys leading in AI for chip design, driving multiple design wins for flagship CPU and GPU cores.
Strong Performance in Design IP
Design IP revenue saw a significant increase of 21% year over year, driven by strong demand for high-speed SerDes IP and leadership in PCIe 7.0 and UCIe Link.
Successful Product Launches
New hardware-assisted verification products, HAPS 200 and ZeBu 200, are off to a strong start, offering high performance and flexibility.