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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%.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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