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Apr 30, 2022
Synopsys Q2 2022 Earnings Report
Synopsys' Q2 2022 financial performance was marked by exceeding guidance targets across all product groups and geographies.
Key Takeaways
Synopsys reported revenue of $1.279 billion, GAAP EPS of $1.89, and non-GAAP EPS of $2.50 for Q2 FY2022. The company exceeded its guidance targets with strength across all product groups and geographies and is raising its full-year targets substantially.
Revenue for the second quarter of fiscal year 2022 was $1.279 billion, compared to $1.024 billion for the second quarter of fiscal year 2021.
GAAP earnings per diluted share was $1.89, compared to $1.24 per diluted share for the second quarter of fiscal year 2021.
Non-GAAP earnings per diluted share was $2.50, compared to $1.70 per diluted share for the second quarter of fiscal year 2021.
Net income for the second quarter of fiscal year 2022 was $294.8 million, compared to $195.1 million for the second quarter of fiscal year 2021.
Forward Guidance
Synopsys provided its consolidated financial targets for the third 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.
Positive Outlook
- Expect to grow annual revenue approximately 20% and pass the $5 billion milestone.
- Drive further operating margin expansion.
- Grow earnings per share by more than 25%.
- Generate approximately $1.6 billion in operating cash flow.
- For the third quarter of fiscal year 2022, Synopsys expects revenue between $1.210 billion and $1.240 billion.
Challenges Ahead
- Macroeconomic choppiness in an uncertain geopolitical environment.
- Uncertainty in the growth of the semiconductor and electronics industries.
- Risks from the continued impact of the COVID-19 pandemic on the global economy and on our business, operations and financial condition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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