Citable filing context

SNPS filing events and research context

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SNPS's research view summarizes recent SEC filing context, starting with management_change from May 27, 2026.

SNPS filing events and research context
FiledItemContext
May 27, 2026management_changeSynopsys appointed Jesse Cohn to its Board of Directors effective June 1, 2026, via a Cooperation Agreement with Elliott.
May 27, 2026earningsSynopsys reported Q2 2026 revenue of $2.276B, GAAP EPS of $0.09, non-GAAP EPS of $3.35, and raised full-year guidance.
Apr 20, 2026material_agreementStockholders approved the Amended and Restated Equity Incentive Plan at the Annual Meeting.
May 27, 2026Guidance: capital_expenditures300.00 to not reported
May 27, 2026Guidance: free_cash_flow2000.00 to not reported
May 27, 2026Guidance: non_gaap_eps14.72 to 14.80
May 27, 2026mda_quarterlySynopsys reported a 42% revenue increase to $2.28 billion for the second quarter of fiscal 2026, primarily driven by the Ansys acquisition, which contributed $652.4 million. Organic growth was strong across the business, though partially offset by weakness in the Design IP segment, where revenue declined 6% due to resource reallocation to higher growth opportunities. Despite robust revenue growth, net income from continuing operations significantly decreased to $17.1 million from $349.2 million year-over-year, with diluted EPS falling to $0.09 from $2.24. This decline was largely attributable to a 76% surge in cost of revenue and operating expenses, including $394.2 million in Ansys-related intangible asset amortization and increased employee costs. Interest expense also rose 41% due to debt incurred for the Ansys merger. The company initiated a $300-$350 million restructuring plan for employee terminations, recording $234.2 million year-to-date. Synopsys maintains $2.5 billion in cash and investments, with $1.7 billion remaining for stock repurchases, and received $2.0 billion from a private placement with NVIDIA. The macroeconomic environment, particularly U.S. export regulations and geopolitical tensions affecting China, presents ongoing challenges, impacting customer spending and the Design IP segment.
Feb 25, 2026mda_quarterlySynopsys reported a 66% revenue increase to $2.41 billion for the three months ended January 31, 2026, primarily driven by the Ansys acquisition, which contributed $885.6 million. Despite this, operating income declined to $203.0 million from $251.8 million year-over-year, as total costs and expenses surged 83% to $2.2 billion. This increase was largely due to $394.1 million in amortization of Ansys-acquired intangibles, $350.2 million in Ansys-related employee costs, and $118.3 million in restructuring charges for employee terminations. Interest expense also significantly increased due to debt incurred for the Ansys merger. The Design Automation segment, now including Ansys, saw revenue jump 96% and adjusted operating income rise 134%. Conversely, the Design IP segment experienced a 6% revenue decline and 48% adjusted operating income decrease, prompting resource reallocation and the planned divestiture of its Processor IP business to GlobalFoundries. Geopolitical factors and China export controls negatively impacted the China market and Design IP. Liquidity remains strong with $2.2 billion in cash and investments. The company fully repaid the remaining $3.5 billion Term Loans used for the Ansys acquisition and secured $2.0 billion from a private placement with NVIDIA Corporation. A $2.0 billion stock repurchase program was also replenished.

Source: SEC EDGAR filing text and events; period May 27, 2026; filed May 27, 2026.

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