Synopsys reported third-quarter revenue of $2.48 billion, exceeding analyst estimates of $2.44 billion. Non-GAAP earnings reached $3.91 per share, surpassing the consensus forecast of $3.67.
Growth stemmed from strong performance in the Design Automation segment and contributions from the Ansys acquisition.
The company raised its full-year financial outlook due to robust AI-driven demand. Synopsys now projects annual revenue to reach a midpoint of $9.715 billion. Full-year non-GAAP earnings are expected to reach approximately $15.07 per share.