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Jan 31, 2021
Synopsys Q1 2021 Earnings Report
Synopsys' Q1 2021 financial results were posted, demonstrating growth across all geographies and product groups.
Key Takeaways
Synopsys reported a strong start to fiscal year 2021, with revenue reaching $970.3 million and non-GAAP EPS at $1.52. The company is reaffirming its outlook for the year, expecting continued growth and operating margin expansion.
Revenue for Q1 2021 was $970.3 million, compared to $834.4 million for Q1 2020.
GAAP earnings per share was $1.03, up from $0.67 in Q1 2020.
Non-GAAP earnings per share was $1.52, compared to $1.01 in Q1 2020.
Net income for the first quarter of fiscal 2021 was $162.3 million.
Forward Guidance
Synopsys provided financial targets for the second quarter and full fiscal year 2021, assuming no further changes to U.S. government "Entity List" restrictions.
Positive Outlook
- Q2 2021 Revenue target between $970 million and $1,000 million.
- Full year 2021 Revenue target between $4,000 million and $4,050 million.
- Q2 2021 Non-GAAP EPS target between $1.50 and $1.55.
- Full year 2021 Non-GAAP EPS target between $6.23 and $6.30.
- Full year 2021 Operating Cash Flow target between $1,200 million and $1,300 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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