Synopsys Exceeds EPS Forecasts
(NASDAQ:SNPS), a leader in electronic design automation and silicon IP, announced its earnings for Q1 of 2025 on Feb. 26. The company reported non-GAAP earnings per share (EPS) of $3.03, exceeding both the analyst estimate of $2.79 and management's guidance range of $2.77 to $2.82. Revenue for the quarter reached $1.455 billion, slightly surpassing the anticipated $1.451 billion.
Despite a year-over-year revenue decline of 3.7%, attributed to a shift in product mix and the sale of its Software Integrity business, Synopsys delivered stronger-than-expected numbers. The quarter was marked by solid execution, although challenges remain, including a notable dip in Design IP segment revenue.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-12-04 earnings report.
Source Fool.com
Synopsys Inc. Stock
With 32 Buy predictions and not a single Sell prediction Synopsys Inc. is an absolute favorite of our community.
With a target price of 574 € there is a slightly positive potential of 8.65% for Synopsys Inc. compared to the current price of 528.3 €.
