Synopsys reported first quarter 2026 revenue of $2.41 billion and non-GAAP EPS of $3.77, beating analyst estimates. The results were driven by substantial growth in the Design Automation segment, reflecting a strong start to the Ansys integration.
Key Highlights
- Revenue of $2.41 billion grew 65.6% year-over-year, exceeding consensus estimates of $2.39 billion.
- The Design Automation segment was the key growth driver, with revenue surging 96.2% year-over-year to $2.0 billion.
- Synopsys announced its board authorized a replenishment of the stock repurchase program for up to $2.0 billion and reiterated its full-year 2026 revenue guidance.