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Oct 31, 2021

Synopsys Q4 2021 Earnings Report

Synopsys reported record fourth-quarter and fiscal year 2021 results, exceeding original targets with strength across all product groups and geographies.

Key Takeaways

Synopsys reported Q4 revenue of $1.152 billion, GAAP EPS of $1.28, and non-GAAP EPS of $1.82. The company delivered a record fiscal year, exceeding original targets with strength in all product groups and geographies. Synopsys is entering fiscal year 2022 with significant financial, technology, and customer momentum.

Synopsys delivered record fiscal year in 2021, substantially exceeding original targets.

Q4 revenue was $1.152 billion, compared to $1.025 billion for the fourth quarter of fiscal year 2020.

GAAP earnings per share for the fourth quarter was $1.28, compared to $1.26 for the fourth quarter of fiscal year 2020.

Non-GAAP earnings per share for the fourth quarter was $1.82, compared to $1.58 for the fourth quarter of fiscal year 2020.

Total Revenue
$1.15B
Previous year: $1.03B
+12.4%
EPS
$1.82
Previous year: $1.58
+15.2%
Gross Profit
$918M
Previous year: $801M
+14.6%
Cash and Equivalents
$1.43B
Previous year: $1.24B
+15.9%
Free Cash Flow
$344M
Previous year: $168M
+105.0%
Total Assets
$8.75B
Previous year: $8.03B
+9.0%

Synopsys

Synopsys

Synopsys Revenue by Segment

Forward Guidance

Synopsys provided its consolidated financial targets for the first 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.