Synopsys Lifts FY Revenue and EPS Guidance on AI Demand
SNPS is trading near its 52-week low of $366 (12% above the low).
Summary
Synopsys raised its full-year total revenue guidance to $9.715 billion at the midpoint and non-GAAP EPS guidance to $15.07 at the midpoint, citing continued AI-driven demand strength. The company's Q3 revenue and profit beat expectations on AI demand, and it lifted its full-year outlook. This is a material upward revision from prior guidance and signals stronger-than-expected business momentum, particularly in AI-related design tools. The company's Q2 results already showed strong revenue growth driven by the Ansys integration, and this guidance raise suggests that momentum is accelerating. Traders will likely reprice the stock higher on the improved outlook.
At the time of this announcement, SNPS was trading at $408.56 on NASDAQ in the Technology sector, with a market capitalization of approximately $78.3B. The 52-week trading range was $366.00 to $615.79. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.