Synopsys, Inc.:  Continued Momentum in Core Business & AI Investments Paying Off?

In Q2 2024, Synopsys’s revenue increased by 15% year over year, aligning it with the high-end expectations of its guided range. The non-GAAP operating margin also rose by roughly three points to 37.3%, with non-GAAP EPS increasing by 26% year over year. These exceeding outcomes have prompted Synopsys to raise its full-year revenue and non-GAAP EPS guidance. Moreover, Synopsys observed that semiconductor and system companies are continually investing in their solutions, fostering growth and driving demand in the industry.