Jul 2026 (Q3 FY26) — Aug 26, 2026
Synopsys Q3 FY26 — Strong Outperformance Driven by EDA, ANSYS, and IP Growth
Read the full callSynopsys (SNPS) earnings
- Jul 2026
- Jul 2026 (Q3 FY26)
- Oct 2025
Synopsys earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,477 | +42.4% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 14.4 | +4.9 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 546 | +125.1% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
29 of 35 judged targets kept · 23 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly non-GAAP EPS (Q2 FY26) | $3.11 to $3.17 per share | Jan 2026 | Non-GAAP earnings per share were $3.35, ahead of our expectations on the strong operational beat. | Achieved |
| Quarterly GAAP EPS (Q2 FY26) | $0.23 to $0.43 per share | Jan 2026 | Total GAAP costs and expenses were $2.156 billion coming in higher than expectations, primarily due to the accelerated timing of restructuring costs. As a result, GAAP earnings per share were $0.09. | Missed |
| Full-year cash flow from operations (FY26) | approximately $2.2 billion | Oct 2025 | We are raising our cash flow from operations guidance to approximately $2.3 billion. | Revised Up |
6 of SYNOPSYS INC's 58 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 55 more targets are in the full ledger.
Claimed
- Revenue, non-GAAP operating margin, and EPS all exceeded the high end of guidance, with Q3 revenue at $2.477 billion, non-GAAP operating margin at 41.6%, and non-GAAP EPS at $3.91.
- EDA growth is expected to accelerate to double digits in Q4 and for the full year 2026, driven by strong software performance and record hardware revenue.
- Design IP returned to growth, up approximately 11% year-on-year to $474 million, fueled by AI infrastructure demand and strong design wins.
- ANSYS continues strong performance, contributing approximately $711 million in Q3 revenue, and cost synergies are ahead of schedule.
- Full-year cash flow from operations guidance raised by $500 million to approximately $2.8 billion, and free cash flow guidance raised by $600 million to approximately $2.6 billion.
Qualified
- Backlog modestly down quarter-over-quarter to $10.9 billion due to the divestiture of the processor IP solutions business.
- GAAP EPS guidance for Q4 FY26 is significantly lower than non-GAAP, ranging from $0.60 to $0.85 per share, indicating ongoing non-GAAP adjustments.
Price
$454.58 −0.01% · −$0.05
Performance +1.6% 1Y
1Y: $447.64 on 17 Oct 2025 → $454.58. High $534.56 (26 May 2026), low $367.7 (15 Sept 2026).
- Previous close
- $454.63
- 52-week range
- $367.7 – $534.56
- One year
- +0.27%
Overview
- Symbol
- SNPS
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
29 of 35 judged targets kept · 23 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly non-GAAP EPS (Q2 FY26) | $3.11 to $3.17 per share | Jan 2026 | Non-GAAP earnings per share were $3.35, ahead of our expectations on the strong operational beat. | Achieved |
| Quarterly GAAP EPS (Q2 FY26) | $0.23 to $0.43 per share | Jan 2026 | Total GAAP costs and expenses were $2.156 billion coming in higher than expectations, primarily due to the accelerated timing of restructuring costs. As a result, GAAP earnings per share were $0.09. | Missed |
| Full-year cash flow from operations (FY26) | approximately $2.2 billion | Oct 2025 | We are raising our cash flow from operations guidance to approximately $2.3 billion. | Revised Up |
Claimed
- Revenue, non-GAAP operating margin, and EPS all exceeded the high end of guidance, with Q3 revenue at $2.477 billion, non-GAAP operating margin at 41.6%, and non-GAAP EPS at $3.91.
- EDA growth is expected to accelerate to double digits in Q4 and for the full year 2026, driven by strong software performance and record hardware revenue.
- Design IP returned to growth, up approximately 11% year-on-year to $474 million, fueled by AI infrastructure demand and strong design wins.
- ANSYS continues strong performance, contributing approximately $711 million in Q3 revenue, and cost synergies are ahead of schedule.
- Full-year cash flow from operations guidance raised by $500 million to approximately $2.8 billion, and free cash flow guidance raised by $600 million to approximately $2.6 billion.
Qualified
- Backlog modestly down quarter-over-quarter to $10.9 billion due to the divestiture of the processor IP solutions business.
- GAAP EPS guidance for Q4 FY26 is significantly lower than non-GAAP, ranging from $0.60 to $0.85 per share, indicating ongoing non-GAAP adjustments.
The full ledger
Open SYNOPSYS INC’s full ledger
A free account opens 5 company ledgers a month. All 58 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q2 FY26) — May 27, 2026
Synopsys Q2 FY26 — Strong AI-driven Demand and Raised Full-Year Guidance
Read the full callJan 2026 (Q1 FY26) — Feb 25, 2026
Synopsys Q1 FY26 — Strong Start with Ansys Integration and AI-Driven Design Momentum
Read the full callEvery analysed call
Synopsys earnings calls (SNPS)
Financials
What the filings say
Net profit, year on year: +125% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,636 | 1,455 | 1,604 | 1,740 | 2,255 | 2,409 | 2,276 | 2,477 |
| Operating profit | 311 | 252 | 376 | 165 | 121 | 203 | 120 | 357 |
| Operating margin | 19.0% | 17.3% | 23.5% | 9.5% | 5.4% | 8.4% | 5.3% | 14.4% |
| Other income | 12 | 50 | 114 | 171 | 590 | 39 | 32 | 460 |
| Interest | — | 11 | 94 | 147 | 195 | 163 | 133 | 133 |
| Profit before tax | 323 | 291 | 396 | 189 | 517 | 79 | 19 | 684 |
| Tax rate | 19.2% | −2.2% | 11.9% | −28.0% | 13.2% | 18.1% | 12.5% | 20.2% |
| Net profit | 1,114 | 296 | 345 | 243 | 449 | 65 | 17 | 546 |
| EPS ($ per share) | — | 1.91 | 2.23 | 1.51 | — | 0.34 | 0.09 | 2.85 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 2,544 | 3,164 | 3,795 | 4,550 | 5,534 | 6,742 | 8,984 | 10,315 |
| Total liabilities | 2,661 | 2,316 | 3,118 | 3,453 | 3,859 | 4,149 | 4,050 | 19,897 |
| Fixed assets | 309 | 430 | 484 | 472 | 483 | 550 | 563 | 697 |
| Investments | — | — | 0 | 148 | 148 | 152 | 154 | 73 |
| Total assets | 6,146 | 6,405 | 8,030 | 8,752 | 9,418 | 10,333 | 13,074 | 48,224 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 424 | 801 | 991 | 1,493 | 1,739 | 1,703 | 1,407 | 1,519 |
| Cash from investing | -744 | -236 | -360 | -549 | -573 | -482 | 1,223 | -15,881 |
| Cash from financing | 5 | -562 | -141 | -749 | -1,116 | -1,197 | -181 | 13,356 |
| Net cash flow | -325 | 6 | 507 | 197 | -15 | 21 | 2,458 | -1,005 |
| Capital expenditure | -99 | -198 | -155 | -94 | -137 | -190 | -139 | -169 |
| Free cash flow | 325 | 602 | 837 | 1,399 | 1,602 | 1,514 | 1,268 | 1,349 |
SNPS revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Design Automation | — | 70% | 70% | 75% | 82% | 83% | 80% | 81% | +52.6% |
| Design IP | — | 30% | 30% | 25% | 18% | 17% | 20% | 19% | +10.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
SNPS operating KPIs by quarter
| KPI | 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 | $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.
Revenue by region
Q3 FY2026 · share of revenue
- Other Countries 19% ↑ 2 pt
- Europe 15% ↑ 6 pt
- KR 13%
- CN 10% ↓ 7 pt
As SNPS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
119 filings between Dec 1, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$61.54M
15 sales by 5 insiders
73% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 12
- Award — granted as compensation
- 47
- Option exercise — converted options into shares
- 37
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DE GEUS AART | — | $32.52M | Sep 1, 2026 |
| Ghazi Sassine | — | $18.94M | Oct 15, 2026 |
| Kankanwadi Sudhindra | — | $6.04M | Oct 6, 2026 |
| Glaser Shelagh | — | $3.21M | Jun 12, 2026 |
| LEE JANET | — | $834.7K | Oct 6, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Sale 10b5-1 plan | 14,604 | $6.76M |
| Oct 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Option exercise 10b5-1 plan | 14,604 | $1.98M |
| Oct 6, 2026 | LEE JANET GC & Corporate Secretary | Sale | 560 | $281.3K |
| Oct 6, 2026 | LEE JANET GC & Corporate Secretary | Sale | 584 | $293.3K |
| Oct 6, 2026 | Kankanwadi Sudhindra Deputy CFO & CAO | Option exercise | 9,170 | $1.25M |
| Oct 6, 2026 | Kankanwadi Sudhindra Deputy CFO & CAO | Sale | 9,170 | $4.58M |
| Oct 5, 2026 | Kankanwadi Sudhindra Deputy CFO & CAO | Sale | 3,000 | $1.45M |
| Oct 5, 2026 | Kankanwadi Sudhindra Deputy CFO & CAO | Option exercise | 3,000 | $407.6K |
| Sep 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Option exercise 10b5-1 plan | 14,604 | $1.98M |
| Sep 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Sale 10b5-1 plan | 14,604 | $5.47M |
| Sep 11, 2026 | LEE JANET GC & Corporate Secretary | Option exercise | 2,283 | $0 |
| Sep 11, 2026 | LEE JANET GC & Corporate Secretary | Tax withheld | 993 | $394.6K |
| Sep 1, 2026 | DE GEUS AART EXECUTIVE CHAIR | Option exercise 10b5-1 plan | 24,641 | $3.35M |
| Sep 1, 2026 | DE GEUS AART EXECUTIVE CHAIR | Sale 10b5-1 plan | 24,641 | $10.34M |
| Sep 1, 2026 | LEE JANET GC & Corporate Secretary | Tax withheld | 304 | $126.1K |
| Sep 1, 2026 | LEE JANET GC & Corporate Secretary | Option exercise | 699 | $0 |
| Aug 31, 2026 | DE GEUS AART EXECUTIVE CHAIR | Sale 10b5-1 plan | 25,000 | $11.04M |
| Aug 31, 2026 | DE GEUS AART EXECUTIVE CHAIR | Other 10b5-1 plan | 22 | $7.9K |
| Aug 31, 2026 | DE GEUS AART EXECUTIVE CHAIR | Option exercise 10b5-1 plan | 25,000 | $3.40M |
| Aug 31, 2026 | Ellow Michael Chief Revenue Officer | Other | 27 | $9.7K |
| Aug 31, 2026 | Ghazi Sassine PRESIDENT AND CEO | Other | 27 | $9.7K |
| Aug 31, 2026 | Kankanwadi Sudhindra Deputy CFO & CAO | Other | 27 | $9.7K |
| Aug 28, 2026 | DE GEUS AART EXECUTIVE CHAIR | Sale 10b5-1 plan | 25,000 | $11.14M |
| Aug 28, 2026 | DE GEUS AART EXECUTIVE CHAIR | Option exercise 10b5-1 plan | 25,000 | $3.40M |
| Aug 16, 2026 | LEE JANET GC & Corporate Secretary | Option exercise | 729 | $0 |
| Aug 16, 2026 | LEE JANET GC & Corporate Secretary | Tax withheld | 318 | $134.0K |
| Jun 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Option exercise 10b5-1 plan | 3,310 | $0 |
| Jun 15, 2026 | Ellow Michael Chief Revenue Officer | Tax withheld | 2,007 | $911.9K |
| Jun 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Option exercise 10b5-1 plan | 14,603 | $1.98M |
| Jun 15, 2026 | LEE JANET GC & Corporate Secretary | Tax withheld | 235 | $106.8K |
| Jun 15, 2026 | LEE JANET GC & Corporate Secretary | Option exercise | 540 | $0 |
| Jun 15, 2026 | Ellow Michael Chief Revenue Officer | Option exercise | 4,048 | $0 |
| Jun 15, 2026 | Kankanwadi Sudhindra Deputy CFO & CAO | Tax withheld | 249 | $113.1K |
| Jun 15, 2026 | DE GEUS AART EXECUTIVE CHAIR | Tax withheld | 156 | $70.9K |
| Jun 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Sale 10b5-1 plan | 14,603 | $6.70M |
| Jun 15, 2026 | Kankanwadi Sudhindra Deputy CFO & CAO | Option exercise | 720 | $0 |
| Jun 15, 2026 | Ellow Michael Chief Revenue Officer | Tax withheld | 536 | $243.5K |
| Jun 15, 2026 | Ellow Michael Chief Revenue Officer | Option exercise | 1,080 | $0 |
| Jun 15, 2026 | Glaser Shelagh CFO | Tax withheld | 436 | $198.1K |
| Jun 15, 2026 | Glaser Shelagh CFO | Option exercise | 1,259 | $0 |
| Jun 15, 2026 | Ghazi Sassine PRESIDENT AND CEO | Tax withheld 10b5-1 plan | 1,492 | $677.9K |
| Jun 15, 2026 | DE GEUS AART EXECUTIVE CHAIR | Option exercise | 449 | $0 |
| Jun 12, 2026 | Glaser Shelagh CFO | Sale 10b5-1 plan | 3,394 | $1.53M |
| Jun 1, 2026 | Cohn Jesse Director | Award | 710 | $0 |
| Jun 1, 2026 | LEE JANET GC & Corporate Secretary | Tax withheld | 304 | $149.7K |
| Jun 1, 2026 | LEE JANET GC & Corporate Secretary | Option exercise | 699 | $0 |
| Jun 1, 2026 | Cohn Jesse Director | Award | 372 | $0 |
| May 16, 2026 | LEE JANET GC & Corporate Secretary | Tax withheld | 318 | $159.8K |
| May 16, 2026 | LEE JANET GC & Corporate Secretary | Option exercise | 729 | $0 |
| Apr 16, 2026 | PAINTER ROBERT G Director | Award | 453 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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