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Synopsys (SNPS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 19, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

3.67

Last Year’s EPS

3.39

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 13 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:May 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented multiple material positive developments: a quarter that beat on revenue and non‑GAAP profitability, raised full‑year guidance, strong free cash flow, broad AI-driven demand across EDA/IP/ANSYS, early productivity gains from multiphysics fusion, and concrete IP/connectivity wins. Offsetting items include a YoY decline in IP revenue (though sequentially recovering), one‑time GAAP headwinds from restructuring that depressed GAAP EPS, significant debt, and the fact that several strategic initiatives (multiphysics fusion, agentic EDA, GPU‑accelerated monetization) are still largely in evaluation with monetization yet to fully convert. Overall, the positives (operational execution, raised guidance, cash flow, and clear AI tailwinds) materially outweigh the negatives, though execution and monetization of new technology and channel accounting nuances will be key watch points.

Company Guidance

Synopsys raised its fiscal 2026 outlook to revenue of $9.625B–$9.705B (including roughly $2.96B of ANSYS revenue and a $60M ANSYS channel accounting uplift), with GAAP EPS of $2.49–$2.91 and non‑GAAP EPS of $14.72–$14.80 (non‑GAAP operating margin ~41% at the midpoint); total GAAP costs are guided to $8.469B–$8.599B and total non‑GAAP costs to $5.675B–$5.725B, it expects cash flow from operations of ~ $2.3B, CapEx of ~ $300M and free cash flow of ~ $2.0B (a $100M raise versus prior), and management said it will have realized roughly half of the committed ANSYS cost synergies by year‑end; quarterly targets for Q3 are revenue $2.41B–$2.46B, GAAP costs $2.075B–$2.125B, non‑GAAP costs $1.44B–$1.47B, GAAP EPS $0.84–$0.98 and non‑GAAP EPS $3.63–$3.69 (after a Q2 beat: revenue $2.276B, non‑GAAP EPS $3.35 and non‑GAAP operating margin 39.5%).

Quarterly Revenue and Earnings Beat

Q2 revenue of $2.276 billion exceeded guidance; non-GAAP operating margin of 39.5% and non-GAAP EPS of $3.35 also beat expectations.

Upgraded Full-Year Guidance

Raised FY26 revenue guidance to $9.625B–$9.705B; non-GAAP EPS guidance increased to $14.72–$14.80 (a $0.34 increase at the midpoint); non-GAAP operating margin raised to ~41% at the midpoint (up 50 basis points).

Strong Cash Generation and Capital Return

Q2 free cash flow ~ $575 million; cash & short-term investments $2.48 billion; raised FY26 cash from operations guide to ~$2.3 billion and free cash flow to ~$2.0 billion (up $100 million vs prior). Initiated a $250 million accelerated share repurchase and completed ~$50 million open market repurchase.

AI-Driven Demand and Product Momentum

Management cited broad AI-driven demand across EDA, IP and multiphysics simulation, with EDA strength including >30 full-flow technical wins for advanced nodes in Q2 and sustained hardware-assisted verification demand.

Multiphysics Fusion Early Productivity Gains

Early results for multiphysics fusion showed up to 3x faster design closure, higher ECO success rates, and up to 2x faster turnaround for complex analog designs; commercial rollout expected in second half of FY26.

Agentic EDA Traction

Agentic/AI-driven EDA traction: 20 customers evaluating solutions across more than 25 specialized AI agents spanning front-end, verification, implementation and analog flows—representing a long-term monetization opportunity.

Design IP and Connectivity Wins

PCIe 7.0 IP achieved >90% win rate with 18 new licenses in Q2; UCIE lifetime wins exceeded 150; delivered industry's first HBM4 IP test chip and achieved a 64‑gig tapeout on a 2nm process.

ANSYS Integration Progress

ANSYS contributed approximately $652 million in Q2 (including a $12.5 million channel accounting impact); integration is on track with synergies being realized and management expects to achieve about half of committed synergies by end of FY26.

Synopsys (SNPS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SNPS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 19, 2026	2026 (Q3)	3.67 / -	3.39	―	―	―
May 27, 2026	2026 (Q2)	3.15 / 3.35	3.67	-8.72% (-0.32)
Feb 25, 2026	2026 (Q1)	3.56 / 3.77	3.03	24.42% (+0.74)
Dec 10, 2025	2025 (Q4)	2.78 / 2.90	3.4	-14.71% (-0.50)
Sep 09, 2025	2025 (Q3)	3.80 / 3.39	3.43	-1.17% (-0.04)
May 28, 2025	2025 (Q2)	3.40 / 3.67	3	22.33% (+0.67)
Feb 26, 2025	2025 (Q1)	2.79 / 3.03	3.56	-14.89% (-0.53)
Dec 04, 2024	2024 (Q4)	3.30 / 3.40	3.17	7.26% (+0.23)
Aug 21, 2024	2024 (Q3)	3.28 / 3.43	2.88	19.10% (+0.55)
May 22, 2024	2024 (Q2)	2.95 / 3.00	2.54	18.11% (+0.46)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SNPS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 27, 2026	$525.92	$480.64	-8.61%
Feb 25, 2026	$449.17	$426.00	-5.16%
Dec 10, 2025	$475.83	$477.26	+0.30%
Sep 09, 2025	$604.37	$387.78	-35.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.