NASDAQ$SNPS

Synopsys Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Synopsys reported record fourth-quarter and fiscal year 2021 results, exceeding original targets with strength across all product groups and geographies.

Synopsys reported Q4 revenue of $1.152 billion, GAAP EPS of $1.28, and non-GAAP EPS of $1.82. The company delivered a record fiscal year, exceeding original targets with strength in all product groups and geographies. Synopsys is entering fiscal year 2022 with significant financial, technology, and customer momentum.

  • Synopsys delivered record fiscal year in 2021, substantially exceeding original targets.
  • Q4 revenue was $1.152 billion, compared to $1.025 billion for the fourth quarter of fiscal year 2020.
  • GAAP earnings per share for the fourth quarter was $1.28, compared to $1.26 for the fourth quarter of fiscal year 2020.
  • Non-GAAP earnings per share for the fourth quarter was $1.82, compared to $1.58 for the fourth quarter of fiscal year 2020.

Headline financials

Total Revenue

$1.15B

Previous: $1.03B+12.4%
EPS (adj)

$1.82

Previous: $1.58+15.2%
Capital Expenditures

$26.8M

Previous: $34.5M-22.3%
Free Cash Flow

$344M

Previous: $168M+105.0%
Net Income

$201M

Previous: $198M+2.0%
Operating Income

$190M

Previous: $196M-3.0%
Gross Profit

$918M

Previous: $801M+14.6%
Cash & Equivalents

$1.43B

Previous: $1.24B+15.9%
Total Assets

$8.75B

Previous: $8.03B+9.0%
Stock-Based Comp

$96.7M

Previous: $78.4M+23.3%

Revenue & EPS history

Synopsys · Revenue · Quarterly

$1.15B

Q4 2021+12.4%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Synopsys · $1.47B total across 2 segments · Q4 2023

  • Design Automation
    $954M
  • Design IP
    $514M

Forward guidance

Synopsys provided its consolidated financial targets for the first quarter and full fiscal year 2022. These financial targets assume that there are no further changes to the current U.S. government “Entity List” restrictions.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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