SNPS

MKT CAP:$96B

Synopsys, Inc.

Market Cap

$96B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Technology·Software Infra·🇺🇸·NASDAQ

Stock Price

$500.85+$20.43 (+4.25%)

Apr 24, 2026

Company Details

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Plat...

CEO

Sassine Ghazi

IPO Date

Feb 26, 1992

Website

www.synopsys.com

Key Metrics TTM

Revenue

$8.0B

+68.3% YoY

Net Income

$1.1B

EPS (Diluted)

$6.53

Free Cash Flow

$2.3B

Revenue / Share

$49.53

Gross Margin

75.1%

Operating Margin

10.8%

Net Margin

13.8%

FCF Margin

28.5%

P/S

12.0x

P/E

87.0x

Earnings Reports

Q1 2026

Feb 25, 2026

$2.4BEPS $0.40

FY 2025

Dec 19, 2025

$7.1BEPS $8.04

Q4 2025

Dec 19, 2025

$2.3BEPS $2.39

Q3 2025

Sep 9, 2025

$1.7BEPS $1.50

Q2 2025

May 28, 2025

$1.6BEPS $2.24

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$853M	$666M	$128M
Q4 19	$851M	$668M	$130M
Q1 20	$834M	$642M	$88M
Q2 20	$861M	$677M	$126M
Q3 20	$964M	$771M	$211M
Q4 20	$1.0B	$801M	$196M
Q1 21	$970M	$762M	$148M
Q2 21	$1.0B	$810M	$194M
Q3 21	$1.1B	$852M	$202M
Q4 21	$1.2B	$918M	$190M
Q1 22	$1.3B	$1.0B	$347M
Q2 22	$1.3B	$1.0B	$364M
Q2 25	$1.6B	$1.3B	$376M
Q3 25	$1.7B	$1.4B	$165M
Q4 25	$2.3B	$1.6B	$121M
Q1 26	$2.4B	$1.8B	$203M

Valuation

Quarter	P/S	P/E
Q3 19	6.2x	32.7x
Q4 19	6.1x	38.8x
Q1 20	6.7x	46.9x
Q2 20	6.8x	48.9x
Q3 20	8.8x	49.2x
Q4 20	8.9x	49.5x
Q1 21	10.5x	55.7x
Q2 21	9.4x	46.3x
Q3 21	10.8x	58.4x
Q4 21	12.0x	66.7x
Q1 22	10.6x	52.3x
Q2 22	9.3x	44.1x
Q2 25	13.0x	59.5x
Q3 25	16.1x	79.3x
Q4 25	10.4x	53.6x
Q1 26	9.2x	66.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 19	$370M	$316M
Q4 19	$221M	$143M
Q1 20	$10M	-$46M
Q2 20	$380M	$353M
Q3 20	$399M	$359M
Q4 20	$202M	$167M
Q1 21	$174M	$145M
Q2 21	$526M	$510M
Q3 21	$422M	$399M
Q4 21	$371M	$343M
Q1 22	$156M	$113M
Q2 22	$750M	$724M
Q2 25	$275M	$220M
Q3 25	$671M	$632M
Q4 25	$640M	$605M
Q1 26	$857M	$822M

Capital Expenditures

Quarter	CapEx
Q3 19	$54M
Q4 19	$78M
Q1 20	$56M
Q2 20	$27M
Q3 20	$40M
Q4 20	$35M
Q1 21	$29M
Q2 21	$17M
Q3 21	$23M
Q4 21	$27M
Q1 22	$42M
Q2 22	$26M
Q2 25	$56M
Q3 25	$39M
Q4 25	$35M
Q1 26	$35M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+9.4%	+1.3%
Q4 19	+7.0%	-1.7%
Q1 20	+1.7%	+11.0%
Q2 20	+3.0%	+2.0%
Q3 20	+13.0%	+3.9%
Q4 20	+20.5%	+15.0%
Q1 21	+16.3%	+10.1%
Q2 21	+18.9%	+12.9%
Q3 21	+9.6%	+13.5%
Q4 21	+12.4%	+16.0%
Q1 22	+30.9%	+12.3%
Q2 22	+24.9%	+10.3%
Q2 25	+51.8%	+43.6%
Q3 25	+51.0%	+63.6%
Q4 25	+77.5%	+131.1%
Q1 26	+88.3%	+140.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 19	$39M	4.6%
Q4 19	$40M	4.7%
Q1 20	$52M	6.2%
Q2 20	$56M	6.6%
Q3 20	$62M	6.4%
Q4 20	$78M	7.6%
Q1 21	$84M	8.6%
Q2 21	$80M	7.8%
Q3 21	$85M	8.1%
Q4 21	$97M	8.4%
Q1 22	$96M	7.5%
Q2 22	$110M	8.6%
Q2 25	$202M	12.6%
Q3 25	$268M	15.4%
Q4 25	$237M	10.5%
Q1 26	$259M	10.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 19	$285M	$67M	$157M
Q4 19	$291M	$63M	$161M
Q1 20	$314M	$69M	$153M
Q2 20	$303M	$62M	$146M
Q3 20	$323M	$74M	$156M
Q4 20	$340M	$80M	$176M
Q1 21	$357M	$77M	$171M
Q2 21	$362M	$73M	$173M
Q3 21	$371M	$84M	$171M
Q4 21	$414M	$89M	$198M
Q1 22	$384M	$81M	$181M
Q2 22	$390M	$74M	$192M
Q2 25	$554M	$136M	$215M
Q3 25	$625M	$281M	$259M
Q4 25	$747M	$186M	$390M
Q1 26	$715M	$183M	$396M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 19	9.4%	21.6%	31.0
Q4 19	7.0%	21.4%	28.5
Q1 20	1.7%	18.4%	20.1
Q2 20	3.0%	19.1%	22.1
Q3 20	13.0%	30.3%	43.3
Q4 20	20.5%	23.7%	44.2
Q1 21	16.3%	23.5%	39.8
Q2 21	18.9%	26.0%	44.9
Q3 21	9.6%	25.1%	34.7
Q4 21	12.4%	21.9%	34.3
Q1 22	30.9%	30.7%	61.6
Q2 22	24.9%	30.5%	55.4
Q2 25	51.8%	33.6%	85.4
Q3 25	51.0%	25.9%	76.8
Q4 25	77.5%	51.5%	129.0
Q1 26	88.3%	20.3%	108.6

Rule of 40

Revenue Segments

Quarter	License	License and Maintenance	Technology Service
Q3 19	$178M	$538M	$138M
Q4 19	$168M	$548M	$134M
Q1 20	$151M	$556M	$127M
Q2 20	$130M	$590M	$141M
Q3 20	$211M	$612M	$141M
Q4 20	$244M	$607M	$175M
Q1 21	$174M	$631M	$165M
Q2 21	$209M	$649M	$166M
Q3 21	$203M	$666M	$188M
Q4 21	$274M	$688M	$190M
Q1 22	$368M	$707M	$194M
Q2 22	$337M	$724M	$219M
Q2 25	$511M	$828M	$265M
Q3 25	$516M	$892M	$331M
Q4 25	$615M	$941M	$699M
Q1 26	$742M	$952M	$716M

Revenue by Geography

Quarter	Asia Pacific And Other	Europe	Japan	United States	Korea, Republic Of	China	Other Countries
Q3 19	$290M	$90M	$66M	$407M	—	—	—
Q1 20	$170M	$94M	$72M	$408M	$90M	—	—
Q2 20	$182M	$89M	$81M	$404M	$105M	—	—
Q3 20	$263M	$94M	$78M	$433M	$96M	—	—
Q1 21	$182M	$105M	—	$469M	$98M	$116M	—
Q2 21	$216M	$106M	—	$472M	$105M	$126M	—
Q3 21	—	$113M	—	$477M	$111M	$164M	$192M
Q1 22	—	$133M	—	$610M	$114M	$213M	$200M
Q2 22	—	$116M	—	$578M	$119M	$216M	$250M
Q2 25	—	$195M	—	$649M	$258M	$158M	$345M
Q3 25	—	$179M	—	$816M	$202M	$247M	$296M
Q4 25	—	$361M	—	$1.0B	$237M	$236M	$397M
Q1 26	—	$467M	—	$1.1B	$247M	$211M	$388M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.6B	$147M	$1.7B
Q3 22	$1.4B	$148M	$1.5B
Q4 22	$1.4B	$148M	$1.6B
Q1 23	$1.2B	$147M	$1.3B
Q2 23	$1.5B	$151M	$1.7B
Q3 23	$1.7B	$148M	$1.8B
Q4 23	$1.4B	$152M	$1.6B
Q1 24	$1.1B	$154M	$1.3B
Q2 24	$1.5B	$157M	$1.7B
Q3 24	$1.8B	$154M	$2.0B
Q4 24	$3.9B	$154M	$4.1B
Q1 25	$3.7B	$155M	$3.8B
Q2 25	$14.1B	$145M	$14.3B
Q3 25	$2.5B	$67M	$2.6B
Q4 25	$2.9B	$73M	$3.0B
Q1 26	$2.1B	$74M	$2.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	155M	+0.5%	+1.3%
Q4 19	155M	-0.0%	+1.0%
Q1 20	155M	-0.0%	+1.2%
Q2 20	154M	-0.1%	+0.3%
Q3 20	156M	+1.0%	+0.9%
Q4 20	157M	+0.5%	+1.5%
Q1 21	157M	+0.3%	+1.8%
Q2 21	157M	-0.1%	+1.7%
Q3 21	157M	-0.1%	+0.6%
Q4 21	157M	+0.2%	+0.3%
Q1 22	157M	+0.0%	-0.0%
Q2 22	156M	-0.7%	-0.6%
Q2 25	156M	-0.1%	-0.5%
Q3 25	162M	+3.6%	+2.8%
Q4 25	162M	0.0%	+2.8%
Q1 26	162M	0.0%	+3.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 19	$64.4K	13K
Q4 19	$61.2K	14K
Q1 20	$60.0K	14K
Q2 20	$62.0K	14K
Q3 20	$69.4K	14K
Q4 20	$68.2K	15K
Q1 21	$64.5K	15K
Q2 21	$68.1K	15K
Q3 21	$70.3K	15K
Q4 21	$70.4K	16K
Q1 22	$77.6K	16K
Q2 22	$78.2K	16K
Q2 25	$80.2K	20K
Q3 25	$87.0K	20K
Q4 25	$80.5K	28K
Q1 26	$86.0K	28K

Revenue / Employee