NASDAQ$SNPS
Synopsys Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Synopsys' Q1 2023 financial results were released, showcasing revenue growth and solid earnings per share.
Synopsys reported a strong start to fiscal year 2023, with revenue reaching $1.361 billion and non-GAAP EPS of $2.62, exceeding guidance targets. The company reaffirmed its FY23 targets, projecting continued revenue growth and non-GAAP operating margin expansion.
- Revenue for Q1 FY2023 was $1.361 billion, up from $1.270 billion in Q1 FY2022.
- GAAP earnings per diluted share were reported at $1.75, compared to $1.99 in the previous year.
- Non-GAAP earnings per diluted share reached $2.62, an increase from $2.40 in the prior year.
- Synopsys reaffirmed its FY23 targets, expecting 14-15% revenue growth and non-GAAP EPS growth of 18-19%.
Headline financials
Revenue & EPS history
Synopsys · Revenue · Quarterly
$1.36B
Revenue by segment
Synopsys · $1.23B total across 2 segments · Q1 2023
- Design Automation$890M—72.1%
- Design IP$344M—27.9%
Forward guidance
Synopsys provided financial targets for the second quarter and full fiscal year 2023, assuming no further changes to export control restrictions or the U.S. government Entity List restrictions.
Tailwinds
- Second Quarter Revenue target: $1.360 to $1.390 billion
- Second Quarter GAAP EPS target: $1.62 to $1.72
- Second Quarter Non-GAAP EPS target: $2.45 to $2.50
- Full Fiscal Year Revenue target: $5.775 to $5.825 billion
- Full Fiscal Year Non-GAAP EPS target: $10.53 to $10.60
Headwinds
- Second Quarter GAAP Expenses target: $1.085 to $1.105 billion
- Second Quarter Non-GAAP Expenses target: $917 to $927 million
- Second Quarter Non-GAAP Other Income (Expense) target: $(1) to $1 million
- Full Fiscal Year GAAP Expenses target: $4.544 to $4.591 billion
- Full Fiscal Year Non-GAAP Expenses target: $3.810 to $3.840 billion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.2%
Avg return
30 days after
59%
40 / 68 earnings
Positive
+10.6%
Q4 2022
Best reaction
-24.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -1.6% | -5.5% | -15.3% | |
| Q4 2025 | -1.8% | -2.6% | +10.4% | |
| Q3 2025 | -24.8% | -30.6% | -27.4% | |
| Q2 2025 | -1.5% | +0.8% | +8.7% | |
| Q1 2025 | -3.3% | -5.3% | -6.9% | |
| Q4 2024 | -9.6% | -10.8% | -13.4% | |
| Q3 2024 | -1.6% | -5.6% | -9.0% | |
| Q2 2024 | +2.6% | +2.8% | +5.9% | |
| Q1 2024 | +6.0% | +5.1% | +8.4% | |
| Q4 2023 | -0.1% | -2.3% | -5.3% | |
| Q3 2023 | -2.9% | -0.1% | +3.5% | |
| Q2 2023 | +9.2% | +7.1% | +17.6% | |
| Q1 2023 | -4.3% | -5.7% | -0.9% | |
| Q4 2022 | +10.6% | +2.4% | -1.4% | |
| Q3 2022 | -3.2% | -7.1% | -18.5% | |
| Q2 2022 | +6.3% | +8.5% | +4.7% | |
| Q1 2022 | -4.2% | -6.0% | +3.9% | |
| Q4 2021 | +2.5% | +1.3% | +8.1% | |
| Q3 2021 | +8.4% | +10.0% | +11.6% | |
| Q2 2021 | +4.1% | +5.8% | +13.1% | |
| Q1 2021 | -6.8% | -12.4% | -21.6% | |
| Q4 2020 | +1.9% | +4.0% | +12.7% | |
| Q3 2020 | +7.5% | +6.8% | -1.1% | |
| Q2 2020 | +4.0% | +5.6% | +13.8% | |
| Q1 2020 | -4.8% | -10.4% | -32.5% | |
| Q4 2019 | -2.5% | -2.2% | +4.8% | |
| Q3 2019 | +7.0% | +5.1% | +4.4% | |
| Q2 2019 | +1.1% | +0.8% | +11.3% | |
| Q1 2019 | -0.4% | +1.0% | +8.3% | |
| Q4 2018 | +1.9% | -0.4% | -6.2% | |
| Q3 2018 | +7.2% | +8.7% | +5.6% | |
| Q2 2018 | -0.8% | -1.1% | -1.3% | |
| Q1 2018 | -6.0% | -4.8% | -8.2% | |
| Q4 2017 | +0.6% | -2.3% | -5.1% | |
| Q3 2017 | -1.9% | -0.4% | +2.0% | |
| Q2 2017 | -5.6% | -3.8% | -1.8% | |
| Q1 2017 | +7.3% | +7.1% | +8.0% | |
| Q4 2016 | -7.1% | -6.1% | -3.8% | |
| Q3 2016 | +4.7% | +4.8% | +3.8% | |
| Q2 2016 | +2.0% | — | — | |
| Q1 2016 | +2.4% | — | — | |
| Q4 2015 | -7.8% | — | — | |
| Q3 2015 | -6.5% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | +4.0% | — | — | |
| Q4 2014 | +3.5% | — | — | |
| Q3 2014 | +6.8% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | -0.5% | — | — | |
| Q2 2013 | +0.6% | — | — | |
| Q1 2013 | +3.3% | — | — | |
| Q4 2012 | -0.9% | — | — | |
| Q3 2012 | +4.9% | — | — | |
| Q2 2012 | +6.5% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | -3.5% | — | — | |
| Q2 2011 | +1.6% | — | — | |
| Q1 2010 | +1.9% | — | — | |
| Q1 2011 | +3.5% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q4 2008 | +0.4% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q4 2009 | +1.1% | — | — |
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