SNPS Synopsys (SNPS) Q2 FY26 earnings call
Synopsys delivered a strong quarter, exceeding guidance across key financial metrics, driven by robust AI-driven demand for its EDA, IP, and multiphysics simulation solutions. The company is strategically positioned to capitalize on increasing chip complexity and system-level design requirements, leading to raised full-year guidance. Management is focused on value capture through new business models and operational efficiency, with further details expected at the upcoming Investor Day.
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SNPS operating KPIs by quarter
| KPI | Jan 2025 Q1 FY25 | Apr 2025 Q2 FY25 | Jul 2025 Q3 FY25 | Oct 2025 Q4 FY25 | Jan 2026 Q1 FY26 | This call 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.