SYNOPSYS Reports Third Quarter Earnings for FY2023 on July 31st

August 23, 2023

🌥️Earnings Overview

On July 31st 2023, SYNOPSYS ($NASDAQ:SNPS) reported net income of USD 336.2 million for the third quarter of FY2023, representing a year-on-year increase of 51.0% over the same period in the previous year. The company also achieved total revenue of USD 1487.3 million, showing a 19.2% growth from the same quarter the year before.

Share Price

On Wednesday, July 31st, SYNOPSYS reported its third-quarter earnings for the fiscal year 2023. SYNOPSYS stock opened at $436.6, but closed at $428.2, a decrease of 2.0% from the prior closing price of 436.7. The company’s financial results were driven largely by its strong growth in the software and IP segment, which saw revenue growth of 16% year-over-year.

Overall, SYNOPSYS reported strong financial performance in its third quarter of FY2023, driven by its software and IP segment and semiconductor segment. Looking ahead, the company remains optimistic that it will continue to deliver strong earnings in the coming quarters. Live Quote…

About the Company

  • SYNOPSYS_Reports_Third_Quarter_Earnings_for_FY2023_on_July_31st”>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Synopsys. More…

    Total Revenues Net Income Net Margin
    5.53k 1.03k 20.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Synopsys. More…

    Operations Investing Financing
    1.77k -222.85 -1.23k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Synopsys. More…

    Total Assets Total Liabilities Book Value Per Share
    9.92k 3.92k 39.17
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Synopsys are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    16.3% 23.4% 20.4%
    FCF Margin ROE ROA
    28.9% 12.0% 7.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we conducted an analysis of SYNOPSYS‘s wellbeing. The results showed that the company is a low risk investment when it comes to financial and business aspects. If you are interested in finding out more about the business and financial areas with potential risks, you can become a registered user on our website. This gives you access to detailed information about the areas where SYNOPSYS could be vulnerable, so you can make an informed decision when it comes to investing. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Its main competitors are Cadence Design Systems Inc, Goodpatch Inc, and Zuken Elmic Inc.

    – Cadence Design Systems Inc ($NASDAQ:CDNS)

    Cadence Design Systems is a software company that provides tools that help engineers design semiconductors and other electronic products. The company’s market cap is $43.36 billion, and its return on equity is 22.8%. Cadence’s products are used by engineers to design and verify the manufacturing of semiconductors, computer chips, and other electronic products.

    – Goodpatch Inc ($TSE:7351)

    Patch Inc is a technology company that provides software development and IT services. The company has a market cap of 5.5 billion as of 2022 and a return on equity of 8.49%. Patch Inc offers a wide range of services including web and mobile application development, cloud computing, big data, and artificial intelligence. The company has a strong focus on helping its clients grow their businesses and expand their reach. Patch Inc has a team of experienced and skilled professionals who are dedicated to providing the best possible services to their clients.

    – Zuken Elmic Inc ($TSE:4770)

    Zuken Elmic Inc. is a Japanese electronics company that specializes in electronic design automation (EDA) software. The company has a market capitalization of 2 billion as of 2022 and a return on equity of 13.95%. The company’s products are used by electronics manufacturers to design and test printed circuit boards (PCBs). Zuken Elmic’s products are used by some of the world’s largest electronics companies, such as Samsung, LG, and Sony.


    Investors are bullish on Synopsys, as the company’s Q3 FY2023 financial performance continues to impress. Total revenue rose 19.2% year-on-year to USD 1487.3 million, marking a new record. Net income also grew by 51.0% to USD 336.2 million.

    This is the sixth consecutive quarter of positive earnings growth and indicates that Synopsys is well-positioned for continued success in the coming quarters. The long-term outlook for the company looks bright, with its strong financials indicating that it will remain an attractive investment option.

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