Synopsys Q2 2021 Earnings Report
Key Takeaways
Synopsys reported revenue of $1,024.3 million, GAAP EPS of $1.24, and non-GAAP EPS of $1.70 for Q2 2021. The company exceeded its key guidance metrics, driven by robust business across all product groups and geographies. Due to excellent year-to-date results and increased confidence, Synopsys raised its fiscal 2021 revenue, non-GAAP earnings, operating margin, and operating cash flow targets.
Revenue for the second quarter reached $1,024.3 million, compared to $861.3 million in the second quarter of fiscal 2020.
GAAP earnings per share were reported at $1.24, up from $0.71 per share in the second quarter of fiscal 2020.
Non-GAAP earnings per share reached $1.70, compared to $1.22 per share in the second quarter of fiscal 2020.
Net income for the second quarter of fiscal 2021 was $195.1 million, compared to $109.9 million for the second quarter of fiscal 2020.
Synopsys
Synopsys
Forward Guidance
Synopsys provided its consolidated financial targets for the third quarter and full fiscal year 2021, assuming no further changes to the U.S. government “Entity List” restrictions.