Synopsys Inc (SNPS) Earnings: FY Adjusted EPS Forecast Boost, Beats Estimates

Synopsys Inc on Smartkarma

Analyst coverage of Synopsys Inc on Smartkarma showcases positive sentiments from analysts like Baptista Research and Value Investors Club. In a recent report by Baptista Research, Synopsys demonstrated strong Q2 2024 performance with a 15% year-over-year revenue increase, reaching high-end guided range expectations. The non-GAAP operating margin saw a notable rise to 37.3%, with a 26% increase in non-GAAP EPS, leading Synopsys to boost its full-year revenue and non-GAAP EPS guidance.

Meanwhile, Value Investors Club‘s report recommends Synopsys as an attractive long-term investment, highlighting potential divestment of the Software Integrity business to enhance overall profitability. The EDA and IP divisions have been performing well, achieving adjusted operating margins exceeding 30%. This optimism is fueled by Synopsys’ solid growth in the first quarter of fiscal year 2024, reporting a 21% year-over-year revenue increase and significant improvements in non-GAAP operating margin and EPS.

A look at Synopsys Inc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores for Synopsys Inc, the company appears to have a positive long-term outlook. With strong scores in Growth, Resilience, and Momentum, Synopsys Inc is positioned favorably for continued success in the future. These high scores indicate that the company has solid potential for expansion, the ability to withstand market challenges, and positive stock price momentum.

Synopsys, Inc. is a leading provider of electronic design automation solutions globally, catering to the needs of the electronics market. The company specializes in offering design technologies for advanced integrated circuits, electronic systems, and systems on a chip. Additionally, Synopsys provides consulting services to assist customers in streamlining their design processes and speeding up their time to market. With its strong Smart Scores in Growth, Resilience, and Momentum, Synopsys Inc is set to continue its path of success in the long run.

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