NASDAQ$SNPS
Synopsys Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Synopsys' Q3 2022 financial results were released, demonstrating revenue growth and increased earnings per share.
Synopsys reported strong Q3 2022 results with revenue reaching $1.248 billion, a notable increase from the previous year. The company's GAAP EPS was $1.43, and non-GAAP EPS was $2.10. Synopsys is also raising its outlook for the year, expecting to cross the $5 billion revenue mark.
- Synopsys Q3 revenue reached $1.248 billion, up from $1.057 billion in Q3 2021.
- GAAP earnings per diluted share were $1.43, compared to $1.27 in the prior year.
- Non-GAAP earnings per diluted share increased to $2.10, up from $1.81 in Q3 2021.
- The company is increasing its full-year outlook and expects to exceed $5 billion in revenue for FY22.
Headline financials
Revenue & EPS history
Synopsys · Revenue · Quarterly
$1.25B
Revenue by segment
Synopsys · $1.47B total across 2 segments · Q4 2023
- Design Automation$954M—65.0%
- Design IP$514M—35.0%
Forward guidance
Synopsys provided financial targets for the fourth quarter and full fiscal year 2022, assuming no further changes to U.S. government restrictions.
Tailwinds
- Revenue is projected to be between $1.263 billion and $1.293 billion for Q4 2022.
- Full fiscal year revenue is expected to range from $5.060 billion to $5.090 billion.
- GAAP EPS is forecasted to be between $1.06 and $1.18 for Q4 2022.
- The company anticipates full fiscal year GAAP EPS of $6.37 to $6.49.
- Operating cash flow is targeted at $1.600 billion to $1.650 billion for the full fiscal year.
Headwinds
- GAAP expenses are projected between $1.076 billion and $1.096 billion for Q4 2022.
- Full fiscal year GAAP expenses are expected to be between $3.978 billion and $3.998 billion.
- Non-GAAP expenses are projected between $919 million and $929 million for Q4 2022.
- Full fiscal year Non-GAAP expenses are expected to be between $3.395 billion and $3.405 billion.
- The targets are based on current expectations and are subject to risks and uncertainties.
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 Q3 2022
+0.3%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.2%
Avg return
30 days after
58%
40 / 69 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 | -6.8% | -1.9% | — | |
| 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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