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Oct 31, 2024
Synopsys Q4 2024 Earnings Report
Synopsys' Q4 2024 financial results were posted, featuring record revenue and exceeding EPS guidance.
Key Takeaways
Synopsys reported record fourth-quarter revenue of $1.636 billion, up 11% year-over-year, and GAAP EPS of $1.79 with non-GAAP EPS of $3.40, which is up approximately 13% year over year. The company achieved record full-year revenue of $6.127 billion, up approximately 15% year over year. They expect double-digit revenue growth in 2025 and are preparing for the Ansys acquisition close in the first half of 2025.
Record quarterly revenue of $1.636 billion, up approximately 11% year over year.
GAAP earnings per diluted share (EPS) of $1.79; non-GAAP EPS of $3.40, up approximately 13% year over year.
Record full-year 2024 revenue of $6.127 billion, up approximately 15% year over year.
Expecting to deliver double-digit revenue growth in 2025 while preparing for Ansys acquisition close, expected in the first half of 2025.
Revenue by Segment
Forward Guidance
Synopsys provided its consolidated financial targets for the first quarter and full fiscal year 2025, expecting double-digit revenue growth in 2025.
Positive Outlook
- Revenue between $1.435 billion and $1.465 billion for Q1 2025.
- GAAP EPS between $1.81 and $1.95 for Q1 2025.
- Non-GAAP EPS between $2.77 and $2.82 for Q1 2025.
- Revenue between $6.745 billion and $6.805 billion for FY 2025.
- GAAP EPS between $10.42 and $10.63 for FY 2025.
Challenges Ahead
- GAAP Expenses between $1.142 billion and $1.162 billion for Q1 2025.
- Non-GAAP Expenses between $945 million and $955 million for Q1 2025.
- GAAP Expenses between $4.926 billion and $4.983 billion for FY 2025.
- Non-GAAP Expenses between $4.045 billion and $4.085 billion for FY 2025.
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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