NASDAQ$SNPS
Synopsys Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Synopsys' Q3 2024 financial results were released, revealing record quarterly revenue and non-GAAP EPS exceeding guidance.
Synopsys reported a strong third quarter with record revenue of $1.526 billion, up 13% year-over-year. GAAP EPS was $2.73, and non-GAAP EPS was $3.43, exceeding guidance. The company expects record full-year revenue growth of approximately 15%.
- Record quarterly revenue of $1.526 billion, up approximately 13% year over year.
- GAAP earnings per diluted share of $2.73.
- Non-GAAP earnings per diluted share of $3.43, up approximately 27% year over year and exceeding guidance.
- Expecting record full-year revenue with growth of approximately 15%.
Headline financials
Revenue & EPS history
Synopsys · Revenue · Quarterly
$1.53B
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 2024, anticipating continued growth and profitability.
Tailwinds
- Expecting record full-year revenue growth of approximately 15%.
- Expanding non-GAAP operating margin by two points.
- Fourth quarter revenue is expected to be between $1.614 billion and $1.644 billion.
- Full fiscal year revenue is expected to be between $6.105 billion and $6.135 billion.
- Full fiscal year non-GAAP EPS is expected to be between $13.07 and $13.12.
Headwinds
- Financial targets assume no further changes to export control restrictions or the current U.S. government “Entity List” restrictions.
- Targets constitute forward-looking statements and are based on current expectations.
- Macroeconomic conditions and geopolitical uncertainty in the global economy.
- Uncertainty in the growth of the semiconductor and electronics industries.
- Potential impact of U.S. and foreign government actions and regulatory changes, including export control restrictions on financial results.
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 2024
+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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