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Jul 31, 2021

Synopsys Q3 2021 Earnings Report

Synopsys reported excellent results in the third quarter of fiscal year 2021, including record revenue and non-GAAP earnings.

Key Takeaways

Synopsys' revenue for the third quarter was $1,057.1 million, compared to $964.1 million for the third quarter of fiscal 2020. GAAP earnings per share was $1.27 and non-GAAP earnings per share was $1.81.

Revenue for the third quarter was $1,057.1 million.

GAAP earnings per share was $1.27.

Non-GAAP earnings per share was $1.81.

Net income for the third quarter of fiscal 2021 was $198.6 million.

Total Revenue
$1.06B
Previous year: $964M
+9.6%
EPS
$1.81
Previous year: $1.74
+4.0%
Gross Profit
$852M
Previous year: $771M
+10.5%
Cash and Equivalents
$1.39B
Previous year: $1.05B
+32.0%
Free Cash Flow
$399M
Previous year: $360M
+10.8%
Total Assets
$8.49B
Previous year: $7.66B
+10.7%

Synopsys

Synopsys

Synopsys Revenue by Segment

Forward Guidance

Synopsys provided its consolidated financial targets for the fourth quarter and full fiscal year 2021.