Synopsys (SNPS)
Market Price (6/5/2026): $490.4 | Market Cap: $93.9 BilSector: Information Technology | Industry: Application Software
Synopsys (SNPS)
Market Price (6/5/2026): $490.4Market Cap: $93.9 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%, CFO LTM is 2.8 Bil, FCF LTM is 2.6 Bil Megatrend and thematic driversMegatrends include Artificial Intelligence, Autonomous Technologies, Cybersecurity, Electric Vehicles & Autonomous Driving, Show more. | Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -74% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 66x, P/EPrice/Earnings or Price/(Net Income) is 122x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% Key risksSNPS key risks include [1] securities class action lawsuits over underperformance in its Design IP business and [2] significant challenges in successfully integrating the Ansys merger. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%, CFO LTM is 2.8 Bil, FCF LTM is 2.6 Bil |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Autonomous Technologies, Cybersecurity, Electric Vehicles & Autonomous Driving, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -74% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 66x, P/EPrice/Earnings or Price/(Net Income) is 122x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% |
| Key risksSNPS key risks include [1] securities class action lawsuits over underperformance in its Design IP business and [2] significant challenges in successfully integrating the Ansys merger. |
Qualitative Assessment
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Synopsys (SNPS) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Synopsys reported strong Q1 and Q2 Fiscal Year 2026 earnings, consistently beating analyst estimates and raising full-year guidance, largely driven by robust AI-driven demand.
For Q1 FY26, the company announced revenue of $2.409 billion, which was at the high end of prior guidance and surpassed the Street consensus by approximately 0.8%. Non-GAAP EPS reached $3.77, exceeding previous guidance. Following these results, Synopsys reiterated its full-year FY26 revenue guidance and raised non-GAAP EPS guidance to a range of $14.38 to $14.46. In Q2 FY26, Synopsys again beat expectations with revenue of $2.276 billion, surpassing the consensus of $2.25 billion, and non-GAAP EPS of $3.35, exceeding the $3.15 analyst consensus. The company further lifted its full-year revenue target to $9.665 billion at the midpoint and increased its non-GAAP EPS guidance to $14.76, representing a $0.34 increase at the midpoint from prior guidance. This performance was explicitly attributed to strong execution and the increasing demand for AI and semiconductor design solutions.
2. The ongoing integration of the Ansys acquisition and expansion into AI-driven engineering workflows significantly contributed to growth and market positioning.
The Ansys acquisition delivered a strong performance in Q1 FY26, contributing approximately $886 million in revenue, fueled by robust demand in system-level digital engineering, multi-physics simulation, and AI-enabled design workflows. Synopsys is progressing ahead of schedule with the Ansys integration, anticipating achieving roughly half of its committed cost synergy target by the fiscal year-end. Analysts highlighted the Ansys acquisition, alongside strong Electronic Design Automation (EDA) demand and AI chip design activity, as key drivers for the company's performance. Furthermore, Synopsys is enhancing its strategic advantage by integrating AI capabilities across its portfolio and was noted as a partner in building autonomous AI engineers using NVIDIA's NemoClaw platform.
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Stock Movement Drivers
Fundamental Drivers
The 19.4% change in SNPS stock from 2/28/2026 to 6/4/2026 was primarily driven by a 71.8% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6042026 | Change |
|---|---|---|---|
| Stock Price ($) | 414.00 | 494.48 | 19.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,008 | 8,679 | 8.4% |
| Net Income Margin (%) | 13.8% | 8.9% | -35.2% |
| P/E Multiple | 71.3 | 122.4 | 71.8% |
| Shares Outstanding (Mil) | 190 | 191 | -1.0% |
| Cumulative Contribution | 19.4% |
Market Drivers
2/28/2026 to 6/4/2026| Return | Correlation | |
|---|---|---|
| SNPS | 19.4% | |
| Market (SPY) | 10.7% | 48.4% |
| Sector (XLK) | 39.4% | 57.3% |
Fundamental Drivers
The 18.3% change in SNPS stock from 11/30/2025 to 6/4/2026 was primarily driven by a 265.3% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6042026 | Change |
|---|---|---|---|
| Stock Price ($) | 418.01 | 494.48 | 18.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,435 | 8,679 | 34.9% |
| Net Income Margin (%) | 31.0% | 8.9% | -71.3% |
| P/E Multiple | 33.5 | 122.4 | 265.3% |
| Shares Outstanding (Mil) | 160 | 191 | -16.3% |
| Cumulative Contribution | 18.3% |
Market Drivers
11/30/2025 to 6/4/2026| Return | Correlation | |
|---|---|---|
| SNPS | 18.3% | |
| Market (SPY) | 11.4% | 53.0% |
| Sector (XLK) | 35.4% | 61.8% |
Fundamental Drivers
The 6.6% change in SNPS stock from 5/31/2025 to 6/4/2026 was primarily driven by a 268.4% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6042026 | Change |
|---|---|---|---|
| Stock Price ($) | 463.98 | 494.48 | 6.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,221 | 8,679 | 39.5% |
| Net Income Margin (%) | 34.8% | 8.9% | -74.4% |
| P/E Multiple | 33.2 | 122.4 | 268.4% |
| Shares Outstanding (Mil) | 155 | 191 | -19.1% |
| Cumulative Contribution | 6.6% |
Market Drivers
5/31/2025 to 6/4/2026| Return | Correlation | |
|---|---|---|
| SNPS | 6.6% | |
| Market (SPY) | 29.9% | 36.5% |
| Sector (XLK) | 68.3% | 37.4% |
Fundamental Drivers
The 8.7% change in SNPS stock from 5/31/2023 to 6/4/2026 was primarily driven by a 85.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6042026 | Change |
|---|---|---|---|
| Stock Price ($) | 454.96 | 494.48 | 8.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,690 | 8,679 | 85.0% |
| Net Income Margin (%) | 19.6% | 8.9% | -54.6% |
| P/E Multiple | 75.2 | 122.4 | 62.8% |
| Shares Outstanding (Mil) | 152 | 191 | -20.5% |
| Cumulative Contribution | 8.7% |
Market Drivers
5/31/2023 to 6/4/2026| Return | Correlation | |
|---|---|---|
| SNPS | 8.7% | |
| Market (SPY) | 88.3% | 53.7% |
| Sector (XLK) | 140.1% | 58.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SNPS Return | 42% | -13% | 61% | -6% | -3% | 6% | 92% |
| Peers Return | 51% | -36% | 33% | 23% | 17% | 61% | 200% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| SNPS Win Rate | 67% | 42% | 75% | 50% | 50% | 33% | |
| Peers Win Rate | 65% | 38% | 58% | 62% | 60% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SNPS Max Drawdown | -25% | -29% | -10% | -25% | -41% | -29% | |
| Peers Max Drawdown | -17% | -46% | -31% | -28% | -35% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CDNS, KEYS, OTEX, FTNT, AIP. See SNPS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/4/2026 (YTD)
How Low Can It Go
| Event | SNPS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.0% | -18.8% |
| % Gain to Breakeven | 31.5% | 23.1% |
| Time to Breakeven | 35 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -21.3% | -7.8% |
| % Gain to Breakeven | 27.0% | 8.5% |
| Time to Breakeven | 358 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.8% | -24.5% |
| % Gain to Breakeven | 38.4% | 32.4% |
| Time to Breakeven | 78 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.3% | -33.7% |
| % Gain to Breakeven | 52.1% | 50.9% |
| Time to Breakeven | 58 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.6% | -19.2% |
| % Gain to Breakeven | 22.8% | 23.8% |
| Time to Breakeven | 42 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.3% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 141 days | 62 days |
In The Past
Synopsys's stock fell -24.0% during the 2025 US Tariff Shock. Such a loss loss requires a 31.5% gain to breakeven.
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| Event | SNPS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.0% | -18.8% |
| % Gain to Breakeven | 31.5% | 23.1% |
| Time to Breakeven | 35 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -21.3% | -7.8% |
| % Gain to Breakeven | 27.0% | 8.5% |
| Time to Breakeven | 358 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.8% | -24.5% |
| % Gain to Breakeven | 38.4% | 32.4% |
| Time to Breakeven | 78 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.3% | -33.7% |
| % Gain to Breakeven | 52.1% | 50.9% |
| Time to Breakeven | 58 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.3% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 141 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -44.9% | -53.4% |
| % Gain to Breakeven | 81.4% | 114.4% |
| Time to Breakeven | 741 days | 1085 days |
In The Past
Synopsys's stock fell -24.0% during the 2025 US Tariff Shock. Such a loss loss requires a 31.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Synopsys (SNPS)
AI Analysis | Feedback
Synopsys is like Autodesk, but for designing and testing the complex microchips that power almost all electronic devices.
Synopsys provides the foundational intellectual property (IP) and software development tools for chip design, similar to how Arm Holdings licenses its chip architectures and designs, but with a broader suite of tools.
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- Electronic Design Automation (EDA) Software: Provides a suite of software tools, including the Fusion Design Platform and Verification Continuum Platform, used for designing, implementing, and testing integrated circuits.
- Semiconductor Intellectual Property (IP) Solutions: Offers a broad portfolio of pre-designed, reusable circuit components covering connectivity (e.g., USB, PCIe), analog, memory, processor cores, and security functions for chip development.
- System Design and Prototyping Tools: Delivers solutions like Platform Architect and HAPS FPGA-based systems for SoC architecture analysis, virtual prototyping, and hardware-accelerated validation of complex chip designs.
- Software Integrity and Security Services: Provides security testing, managed services, professional services, and training to help customers identify and remediate security vulnerabilities and defects in their software development lifecycle.
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Based on the provided company description, Synopsys (SNPS) primarily sells its electronic design automation (EDA) software, intellectual property (IP) solutions, and security testing services to other companies, not to individuals.
The description does not explicitly name specific major customer companies or their symbols. However, it indicates that Synopsys serves companies across various sectors:
- Companies involved in the electronics industry, particularly those designing and testing integrated circuits (ICs), system-on-chips (SoCs), and electronic systems.
- Organizations in the financial services sector that develop and secure software.
- Enterprises within the automotive industry, likely those involved in designing embedded systems, autonomous driving components, and secure vehicle software.
- Firms in the medicine (medical devices and healthcare technology), energy, and industrial areas that develop and utilize complex electronic systems and software, requiring EDA tools, IP, and security solutions.
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Here is the management team of Synopsys (SNPS):Sassine Ghazi, President and Chief Executive Officer
Sassine Ghazi was named CEO of Synopsys in January 2024, having previously served in various leadership capacities at the company since joining in 1998 as an applications engineer. His roles prior to CEO included Chief Operating Officer and President, where he was instrumental in achieving record revenue growth and profitability. He also led the EDA Design group, overseeing the launch of key solutions such as the Fusion Design Platform™ and Synopsys.ai. Before his tenure at Synopsys, Ghazi worked as a design engineer at Intel.
Shelagh Glaser, Chief Financial Officer
Shelagh Glaser was appointed Chief Financial Officer of Synopsys on December 2, 2022. Before joining Synopsys, she served as the CFO of Zendesk, a software-as-a-service CRM company that was acquired by a consortium led by Hellman & Friedman and Permira in 2022. Glaser also spent nearly 30 years at Intel, where she held significant leadership positions, including Corporate Vice President and CFO/COO of the Data Platform and Client Computing Groups.
Ravi Subramanian, Chief Product Management Officer
Ravi Subramanian serves as the Chief Product Management Officer at Synopsys. He has held leadership positions within the company, including General Manager of the Systems Design Group. His background includes extensive experience in EDA and IP.
Shankar Krishnamoorthy, Chief Product Development Officer
Shankar Krishnamoorthy is the Chief Product Development Officer at Synopsys. He has held various leadership roles at Synopsys, including General Manager of the Electronic Design Automation (EDA) Group. His expertise lies in product development within the semiconductor and EDA industries.
Jill Larsen, Chief People Officer
Jill Larsen is the Chief People Officer at Synopsys, responsible for all aspects of the company's People and Workplace Experience globally. She has a background in human resources leadership, including previous roles at Cisco and Broadcom.
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Key Risks to Synopsys (SNPS)
- Intense Competition and Rapid Technological Change: Synopsys operates in the Electronic Design Automation (EDA) market, which is characterized by continuous innovation and fierce competition. Key rivals include Cadence Design Systems and Siemens EDA, which collectively with Synopsys, command a significant portion of the global EDA market. The demand for increasingly complex and advanced chips, driven by trends like AI, 5G, and autonomous vehicles, requires Synopsys to constantly innovate and develop cutting-edge design tools. Failure to keep pace with rapid technological advancements or to effectively compete with other industry giants could erode its market position and impact revenue.
- Geopolitical Risks and Export Restrictions: Synopsys faces risks related to geopolitical tensions, particularly regarding export restrictions to certain regions like China. China has accounted for a notable portion of Synopsys's revenue (10-11% of total revenue). Restrictions on EDA software sales to Chinese entities could significantly impact the company's income and disrupt its IP business. Such restrictions have already led to revised expectations and potential material loss of income for the company.
- Cyclicality of the Semiconductor Industry: While Synopsys's revenue streams are often described as recurring and resilient due to high switching costs for its customers, the company is still exposed to the inherent cyclicality of the broader semiconductor market. Periods of high demand can be followed by downturns, which could lead to reduced R&D spending by semiconductor companies, potentially impacting Synopsys's demand for design tools. Although some analysts suggest that EDA is more dependent on R&D budgets than on semiconductor volume, severe economic or "Growth & Demand Scare" events have historically led to disproportionate declines in SNPS stock.
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Synopsys (SNPS) operates in several significant addressable markets for its main products and services, primarily in electronic design automation (EDA) software, semiconductor intellectual property (IP), and application security testing.
Electronic Design Automation (EDA) Software
The global electronic design automation software market was valued at approximately USD 14.55 billion in 2025 and is projected to grow to about USD 34.71 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 9.08% from 2026 to 2035. Other estimates show the global EDA market at USD 17.59 billion in 2025, with an anticipated rise to USD 32.88 billion by 2032, at a CAGR of 9.4%.
Semiconductor Intellectual Property (IP)
The global semiconductor IP market size was valued at USD 8.17 billion in 2025 and is projected to reach approximately USD 17.06 billion by 2034, growing at a CAGR of 8.52% from 2024 to 2034. Another report estimates the global semiconductor IP market at USD 6.25 billion in 2025, increasing to USD 12.60 billion by 2034, with a CAGR of 8.10%. In a more recent estimate, the global market size for semiconductor IP was approximately USD 8.8 billion in 2024 and is expected to reach around USD 35.7 billion by 2034, driven by a CAGR of 15.1% from 2025 to 2034.
Application Security Testing (AST)
The global Application Security Testing (AST) platforms market size is expected to grow from USD 3.2 billion in 2023 to USD 8.5 billion by 2032, with a CAGR of 11.2%. Other projections indicate the global Application Security Testing Market was valued at USD 11.05 billion in 2025 and is projected to reach USD 25.82 billion by the end of 2030, growing at a CAGR of 18.5%. The application security market size is expected to increase from USD 13.61 billion in 2025 to USD 28.11 billion by 2031, with a CAGR of 13.64% over 2026-2031.
Overall Total Addressable Market (TAM)
Following its acquisition of Ansys, Synopsys' total addressable market (TAM) is expected to increase by 1.5 times to approximately USD 28 billion globally, growing at roughly an 11% CAGR. More recent information suggests this combined addressable market has expanded to approximately USD 31 billion globally.
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Here are 3-5 expected drivers of future revenue growth for Synopsys (SNPS) over the next 2-3 years: * Ansys Acquisition and Integration: Synopsys' acquisition of Ansys, completed in July 2025, is a significant driver, expanding its total addressable market to an estimated $31 billion by offering a comprehensive "silicon to systems" solution. The integration is expected to generate $400 million in revenue synergies by year four and has already substantially contributed to Synopsys' revenue. * AI-driven Design Capabilities: Synopsys is heavily investing in and pioneering AI-powered electronic design automation (EDA) solutions, including its Synopsys.ai and AgentEngineer technologies. These AI-driven capabilities enhance customer productivity and accelerate chip design, acting as a major growth catalyst as AI fuels innovation across various industries, thereby increasing demand for Synopsys' tools. * Expansion into System-Level Design and Simulation: Driven by the Ansys acquisition and its strategic vision, Synopsys is expanding its offerings beyond traditional chip design to provide end-to-end "silicon to systems" solutions. This approach addresses the growing complexity of electronic systems by integrating co-design of software and hardware, and electronics and physics, maximizing customers' R&D capabilities. * Strong Performance in the Design Automation Segment: The Design Automation segment remains a significant revenue driver for Synopsys. Analysts anticipate this segment will continue to experience double-digit growth, supported by robust investment in semiconductor and system-level research and development.AI Analysis | Feedback
Share Repurchases
- Synopsys' board of directors approved a replenishment of the existing stock repurchase program with authorization to purchase up to $2.0 billion of its common stock in late February 2026.
- In 2023, Synopsys' annual share buybacks amounted to $1.161 billion.
- In March 2026, Synopsys initiated a $250 million accelerated share repurchase (ASR) agreement.
Share Issuance
- As part of the acquisition of Ansys, Ansys stockholders received 0.3450 shares of Synopsys common stock for each Ansys share they owned.
Inbound Investments
- NVIDIA made a $2 billion investment in Synopsys.
Outbound Investments
- Synopsys completed the acquisition of Ansys on July 17, 2025, for an enterprise value of approximately $35 billion, combining leaders in silicon design, IP, simulation, and analysis.
- The company completed the sale of its Software Integrity business on September 30, 2024.
Capital Expenditures
- Capital expenditures were $95 million in fiscal year 2025, $123 million in fiscal year 2024, and $192 million in fiscal year 2023.
- These expenditures are primarily focused on funding long-term assets and infrastructure.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 246.39 |
| Mkt Cap | 76.8 |
| Rev LTM | 5,603 |
| Op Inc LTM | 1,022 |
| FCF LTM | 1,386 |
| FCF 3Y Avg | 1,251 |
| CFO LTM | 1,535 |
| CFO 3Y Avg | 1,395 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.6% |
| Rev Chg 3Y Avg | 14.5% |
| Rev Chg Q | 21.7% |
| QoQ Delta Rev Chg LTM | 5.1% |
| Op Inc Chg LTM | 10.5% |
| Op Inc Chg 3Y Avg | 7.8% |
| Op Mgn LTM | 18.9% |
| Op Mgn 3Y Avg | 19.0% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 27.4% |
| CFO/Rev 3Y Avg | 24.6% |
| FCF/Rev LTM | 24.8% |
| FCF/Rev 3Y Avg | 21.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 76.8 |
| P/S | 13.2 |
| P/Op Inc | 57.6 |
| P/EBIT | 47.5 |
| P/E | 59.0 |
| P/CFO | 36.6 |
| Total Yield | 1.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.7% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.0% |
| 3M Rtn | 28.9% |
| 6M Rtn | 43.1% |
| 12M Rtn | 43.6% |
| 3Y Rtn | 93.6% |
| 1M Excs Rtn | 3.5% |
| 3M Excs Rtn | 17.9% |
| 6M Excs Rtn | 38.9% |
| 12M Excs Rtn | 15.9% |
| 3Y Excs Rtn | 13.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Design Automation | 4,221 | 3,775 | 3,300 | ||
| Design Intellectual Property (IP) | 1,906 | 1,543 | 1,316 | ||
| Software Integrity | 466 | 394 | 358 | ||
| Semiconductor & System Design | 3,810 | 3,327 | |||
| Total | 6,127 | 5,318 | 5,082 | 4,204 | 3,685 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Design Automation | 1,632 | 1,414 | 1,207 | ||
| Design Intellectual Property (IP) | 730 | 514 | 422 | ||
| Restructuring charges | 0 | -53 | -12 | ||
| Deferred compensation plan | -85 | -20 | 69 | -72 | |
| Amortization of acquired intangible assets | -124 | -55 | -97 | -82 | -91 |
| Acquisition/divestiture related items | -139 | -14 | |||
| Stock-based compensation expense | -658 | -513 | -459 | -345 | -249 |
| Other | -14 | -47 | -72 | ||
| Software Integrity | 47 | 38 | 41 | ||
| Semiconductor & System Design | 1,243 | 991 | |||
| Total | 1,356 | 1,273 | 1,162 | 735 | 620 |
Price Behavior
| Market Price | $494.48 | |
| Market Cap ($ Bil) | 94.7 | |
| First Trading Date | 02/26/1992 | |
| Distance from 52W High | -23.4% | |
| 50 Days | 200 Days | |
| DMA Price | $466.77 | $466.61 |
| DMA Trend | down | up |
| Distance from DMA | 5.9% | 6.0% |
| 3M | 1YR | |
| Volatility | 43.4% | 56.4% |
| Downside Capture | 199.12 | 191.33 |
| Upside Capture | 161.54 | 139.58 |
| Correlation (SPY) | 48.9% | 36.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.62 | 1.54 | 1.44 | 1.76 | 1.72 | 1.54 |
| Up Beta | 0.47 | 1.49 | 1.28 | 1.36 | 1.78 | 1.42 |
| Down Beta | 0.48 | 0.04 | 1.12 | 1.50 | 2.01 | 1.45 |
| Up Capture | 26% | 154% | 167% | 235% | 147% | 350% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 25 | 34 | 68 | 131 | 401 |
| Down Capture | 127% | 226% | 156% | 180% | 148% | 112% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 16 | 29 | 56 | 118 | 348 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SNPS | |
|---|---|---|---|---|
| SNPS | 3.4% | 56.3% | 0.30 | - |
| Sector ETF (XLK) | 64.6% | 20.9% | 2.29 | 37.8% |
| Equity (SPY) | 28.6% | 11.8% | 1.82 | 37.0% |
| Gold (GLD) | 33.3% | 26.6% | 1.05 | 2.7% |
| Commodities (DBC) | 39.4% | 18.8% | 1.63 | -5.3% |
| Real Estate (VNQ) | 12.0% | 13.3% | 0.60 | 12.8% |
| Bitcoin (BTCUSD) | -40.5% | 42.3% | -1.11 | 18.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SNPS | |
|---|---|---|---|---|
| SNPS | 13.6% | 40.6% | 0.44 | - |
| Sector ETF (XLK) | 23.8% | 24.9% | 0.84 | 66.0% |
| Equity (SPY) | 14.1% | 17.0% | 0.65 | 60.6% |
| Gold (GLD) | 18.3% | 18.0% | 0.82 | 7.4% |
| Commodities (DBC) | 9.9% | 19.4% | 0.40 | 8.4% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 33.1% |
| Bitcoin (BTCUSD) | 10.4% | 54.7% | 0.39 | 25.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SNPS | |
|---|---|---|---|---|
| SNPS | 25.1% | 35.0% | 0.74 | - |
| Sector ETF (XLK) | 25.7% | 24.5% | 0.94 | 71.4% |
| Equity (SPY) | 15.6% | 17.9% | 0.74 | 64.6% |
| Gold (GLD) | 13.4% | 16.0% | 0.69 | 8.0% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 14.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 40.0% |
| Bitcoin (BTCUSD) | 63.9% | 66.9% | 1.03 | 19.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/27/2026 | -8.6% | -5.3% | |
| 2/25/2026 | -5.2% | -4.0% | -10.5% |
| 12/10/2025 | 0.3% | -4.8% | 12.1% |
| 9/9/2025 | -35.8% | -29.5% | -19.0% |
| 5/28/2025 | -1.6% | 2.3% | 8.7% |
| 2/26/2025 | -3.3% | -4.8% | -5.2% |
| 12/4/2024 | -12.4% | -12.9% | -14.8% |
| 8/21/2024 | -2.9% | -9.7% | -10.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 12 |
| # Negative | 13 | 13 | 11 |
| Median Positive | 5.4% | 4.9% | 10.4% |
| Median Negative | -4.4% | -4.8% | -10.3% |
| Max Positive | 10.3% | 11.8% | 17.0% |
| Max Negative | -35.8% | -29.5% | -19.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 05/27/2026 | 10-Q |
| 01/31/2026 | 02/25/2026 | 10-Q |
| 10/31/2025 | 12/22/2025 | 10-K |
| 07/31/2025 | 09/09/2025 | 10-Q |
| 04/30/2025 | 05/28/2025 | 10-Q |
| 01/31/2025 | 02/26/2025 | 10-Q |
| 10/31/2024 | 12/19/2024 | 10-K |
| 07/31/2024 | 08/23/2024 | 10-Q |
| 04/30/2024 | 05/24/2024 | 10-Q |
| 01/31/2024 | 02/23/2024 | 10-Q |
| 10/31/2023 | 12/12/2023 | 10-K |
| 07/31/2023 | 08/18/2023 | 10-Q |
| 04/30/2023 | 05/19/2023 | 10-Q |
| 01/31/2023 | 02/17/2023 | 10-Q |
| 10/31/2022 | 12/12/2022 | 10-K |
| 07/31/2022 | 08/19/2022 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q2 2026 Earnings Reported 5/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 2.41 Bil | 2.44 Bil | 2.46 Bil | 8.2% | Raised | Guidance: 2.25 Bil for Q2 2026 | |
| Q3 2026 GAAP EPS | 0.84 | 0.91 | 0.98 | 175.8% | Raised | Guidance: 0.33 for Q2 2026 | |
| Q3 2026 Non-GAAP EPS | 3.63 | 3.66 | 3.69 | 16.6% | Raised | Guidance: 3.14 for Q2 2026 | |
| 2026 Revenue | 9.62 Bil | 9.66 Bil | 9.71 Bil | 0.6% | Raised | Guidance: 9.61 Bil for 2026 | |
| 2026 GAAP EPS | 2.49 | 2.7 | 2.91 | 11.8% | Raised | Guidance: 2.42 for 2026 | |
| 2026 Non-GAAP EPS | 14.7 | 14.8 | 14.8 | 2.4% | Raised | Guidance: 14.4 for 2026 | |
| 2026 Free Cash Flow | 2.00 Bil | 5.3% | Raised | Guidance: 1.90 Bil for 2026 | |||
| 2026 Capital Expenditures | 300.00 Mil | 0 | Affirmed | Guidance: 300.00 Mil for 2026 | |||
Prior: Q1 2026 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 2.23 Bil | 2.25 Bil | 2.27 Bil | ||||
| Q2 2026 GAAP EPS | 0.23 | 0.33 | 0.43 | ||||
| Q2 2026 Non-GAAP EPS | 3.11 | 3.14 | 3.17 | ||||
| 2026 Revenue | 9.56 Bil | 9.61 Bil | 9.66 Bil | 0 | Affirmed | Guidance: 9.61 Bil for 2026 | |
| 2026 GAAP EPS | 2.21 | 2.42 | 2.62 | -10.4% | Lowered | Guidance: 2.69 for 2026 | |
| 2026 Non-GAAP EPS | 14.4 | 14.4 | 14.5 | 0.4% | Raised | Guidance: 14.4 for 2026 | |
| 2026 Free Cash Flow | 1.90 Bil | 0 | Affirmed | Guidance: 1.90 Bil for 2026 | |||
| 2026 Capital Expenditures | 300.00 Mil | 0 | Affirmed | Guidance: 300.00 Mil for 2026 | |||
Insider Activity
Updated 5/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lee, Janet | GC & Corporate Secretary | Direct | Sell | 1132026 | 530.00 | 250 | 132,500 | 6,338,270 | Form |
| 2 | Glaser, Shelagh | CFO | Direct | Sell | 12222025 | 460.77 | 3,657 | 1,685,036 | 8,221,058 | Form |
| 3 | Kankanwadi, Sudhindra | Chief Accounting Officer | Direct | Sell | 9232025 | 500.90 | 9,873 | 4,945,408 | 10,278,515 | Form |
| 4 | Kankanwadi, Sudhindra | Chief Accounting Officer | Direct | Sell | 9232025 | 482.00 | 6,000 | 2,892,000 | 9,890,640 | Form |
| 5 | Painter, Robert G | Direct | Buy | 9152025 | 425.44 | 350 | 148,904 | 974,682 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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