SNPS Synopsys (SNPS) Q1 FY25 earnings call
Synopsys delivered a solid Q1 FY25, surpassing revenue and non-GAAP EPS expectations, driven by robust demand in AI and HPC. The company reaffirmed its full-year guidance, confident in its technology leadership and execution despite ongoing headwinds in China and certain end markets. Strategic initiatives like the Ansys acquisition and advancements in AI-driven EDA are expected to fuel future innovation and productivity gains.
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SNPS operating KPIs by quarter
| KPI | This call Jan 2025 Q1 FY25 | Apr 2025 Q2 FY25 | Jul 2025 Q3 FY25 | Oct 2025 Q4 FY25 | Jan 2026 Q1 FY26 | Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Backlog | $7.7BThe backlog exiting Q1 is $7.7 billion.Source: earnings call transcript | $8.1BBacklog came in at $8.1 billion, up $400 million quarter-on-quarter.Source: earnings call transcript | $10.1BBacklog came in at $10.1 billion, including Ansys, underscoring the resilience of our business.Source: earnings call transcript | $11.4BBacklog came in at $11.4 billion, up from $10.1 billion last quarter, driven by strength in bookings across the business.Source: earnings call transcript | $11.3BBacklog ended at $11.3 billion, underscoring our strong and resilient business model.Source: earnings call transcript | $11BBacklog ended at $11 billion.Source: earnings call transcript | $10.9BBacklog remained very strong at $10.9 billion, modestly down quarter-over-quarter due to the divestiture of the processor IP solutions business that closed in Q3.Source: earnings call transcript | -0.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.