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Oct 31, 2022
Synopsys Q4 2022 Earnings Report
Synopsys achieved record results driven by strength in all product groups and geographies.
Key Takeaways
Synopsys reported Q4 FY22 revenue of $1.284 billion, GAAP EPS of $0.99, and non-GAAP EPS of $1.91. The company achieved record results in fiscal year 2022, exceeding original targets with strength across all product groups and geographies. For fiscal year 2023, the company is targeting 14-15% revenue growth, continued non-GAAP operating margin expansion, and approximately 16% non-GAAP earnings per share growth.
Q4 revenue was $1.284 billion, compared to $1.152 billion for the fourth quarter of fiscal year 2021.
GAAP earnings per diluted share were $0.99, compared to $1.28 for the fourth quarter of fiscal year 2021.
Non-GAAP earnings per diluted share were $1.91, compared to $1.82 for the fourth quarter of fiscal year 2021.
Net income for the fourth quarter of fiscal year 2022 was $153.5 million.
Synopsys
Synopsys
Forward Guidance
Synopsys provided its consolidated financial targets for the first quarter and full fiscal year 2023. These financial targets assume no further changes to export control restrictions or the current U.S. government “Entity List” restrictions.
Positive Outlook
- Revenue between $1.340 billion and $1.370 billion for the first quarter of fiscal year 2023.
- Revenue between $5.775 billion and $5.825 billion for fiscal year 2023.
- GAAP EPS between $1.89 and $2.00 for the first quarter of fiscal year 2023.
- GAAP EPS between $7.68 and $7.86 for fiscal year 2023.
- Operating cash flow of approximately $1.7 billion for fiscal year 2023.