SNPS·Application Software / Electronic Design Automation (EDA)

Synopsys

ConvictionModerate

Recurring time-based software licenses + subscription/SaaS, silicon IP royalties + upfront, and (post-Ansys) simulation & analysis software — ~80%+ of revenue is recurring/time-based, sold to semiconductor and systems companies.

Revenuefact

$2.276B Q2 FY26qtr ended 30 Apr 2026, fact); FY26 guide $9.665B midpoint

Rev growthfact

+42% YoYin Q2 FY26 ($2.276B vs $1.604B) — almost entirely Ansys-acquisition-driven, not organic

Gross margin

~72.3% non-GAAP-styleQ2 FY26 reported gross profit $1.646B on $2.276B, fact

Op margin

GAAP ~5.3%$120.4M op income, depressed by Ansys amortization/integration); non-GAAP adjusted segment op income $899.7M ≈ 39.5% (Q2 FY26, fact

Capex intensity

~1.5-2% of revenuecapex $89.5M for 1H FY26 on ~$4.7B revenue, fact) — asset-light software model

Market cap

~$88-89B24 Jun 2026, fact; stock ~$467, off a 52-wk high of $651.73

Price · 1-year trend

real · weekly

$455-9% 1yUSD

52-week range

$380 – $619

52w lowas of 2026-06-25 · Yahoo Finance52w high

Across the boards

The thesis on this name

opportunityModerate

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position · longWeak

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book · long

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Where our coverage leans

Coverage leans bullish

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Full financial intelligence for Synopsys

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence