Synopsys Q1 2022 Earnings Report
Key Takeaways
Synopsys reported Q1 2022 revenue of $1.270 billion, compared to $970.3 million for Q1 2021. GAAP earnings per diluted share was $1.99, and non-GAAP earnings per diluted share was $2.40. The company delivered financial results at or above guidance targets and is raising its outlook for the year.
Revenue for the first quarter of fiscal year 2022 was $1.270 billion, compared to $970.3 million for the first quarter of fiscal year 2021.
GAAP earnings per diluted share: $1.99
Non-GAAP earnings per diluted share: $2.40
Net income for the first quarter of fiscal year 2022 was $313.7 million.
Synopsys
Synopsys
Synopsys Revenue by Segment
Forward Guidance
Synopsys provided its consolidated financial targets for the second quarter and full fiscal year 2022. These financial targets assume that there are no further changes to the current U.S. government “Entity List” restrictions.