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Jul 31, 2024
Synopsys Q3 2024 Earnings Report
Synopsys' Q3 2024 financial results were released, revealing record quarterly revenue and non-GAAP EPS exceeding guidance.
Key Takeaways
Synopsys reported a strong third quarter with record revenue of $1.526 billion, up 13% year-over-year. GAAP EPS was $2.73, and non-GAAP EPS was $3.43, exceeding guidance. The company expects record full-year revenue growth of approximately 15%.
Record quarterly revenue of $1.526 billion, up approximately 13% year over year.
GAAP earnings per diluted share of $2.73.
Non-GAAP earnings per diluted share of $3.43, up approximately 27% year over year and exceeding guidance.
Expecting record full-year revenue with growth of approximately 15%.
Synopsys
Synopsys
Synopsys Revenue by Segment
Revenue by Segment
Design Automation Revenue
CapyFin.comDesign IP Revenue
CapyFin.com Forward Guidance
Synopsys provided financial targets for the fourth quarter and full fiscal year 2024, anticipating continued growth and profitability.
Positive Outlook
- Expecting record full-year revenue growth of approximately 15%.
- Expanding non-GAAP operating margin by two points.
- Fourth quarter revenue is expected to be between $1.614 billion and $1.644 billion.
- Full fiscal year revenue is expected to be between $6.105 billion and $6.135 billion.
- Full fiscal year non-GAAP EPS is expected to be between $13.07 and $13.12.
Challenges Ahead
- Financial targets assume no further changes to export control restrictions or the current U.S. government “Entity List” restrictions.
- Targets constitute forward-looking statements and are based on current expectations.
- Macroeconomic conditions and geopolitical uncertainty in the global economy.
- Uncertainty in the growth of the semiconductor and electronics industries.
- Potential impact of U.S. and foreign government actions and regulatory changes, including export control restrictions on financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income