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21:00
Aug 26 ◎

SNPS FY2026 Q3 Watch

Synopsys, Inc. (SNPS) FY2026 Q3 Earnings Call

NVDA AVGO MRVL CDNS CSCO ▾

Sassine Ghazi

Multiphysics Fusion, integrating thermal analysis into chip design, was validated by major customers and is expected to contribute to EDA growth starting in 2027, creating an add-on attachment opportunity for existing EDA seats. — This new tool addresses the physical challenge of multi-die design, creating a new, high-value spending category for AI chipmakers.

"Customers including NVIDIA, Cisco, MediaTek, and Samsung Foundry have validated up to 10x faster design closure and 3x faster runtime."

NVDA WATCH AMD WATCH TSM WATCH

Sassine Ghazi

Hyperscalers are moving from licensing standard IP (Factory 1) to custom silicon (Factory 2) with royalties, a major business model shift for Synopsys that drives higher revenue per customer. — This shifts Synopsys from a cyclical tool provider to a recurring royalty owner in the custom silicon boom, directly impacting long-term growth.

"This is our Factory 2 model for customized IP. It moves us up the value chain from licensing alone to licensing plus royalties"

AVGO WATCH MRVL WATCH

Shelagh Glaser

Synopsys' Q3 EDA revenue growth was 8.5% against a 16% growth in the prior year quarter, indicating strong momentum in a tough compare. — Outperformance against a high base highlights robust demand, potentially a leading indicator for competitor Cadence.

"The 8.5 Q3 EDA growth that you saw was against a really tough compare. Q3 25 was 16%."

CDNS WATCH

Sassine Ghazi

Cisco is an early adopter of Synopsys' new multi-physics design flow, indicating expansion beyond core AI chip makers.

"Customers including NVIDIA, Cisco, MediaTek, and Samsung Foundry have validated up to 10x faster design closure and 3x faster runtime."

CSCO WATCH

Sassine Ghazi

MediaTek is leveraging Synopsys' tools for advanced chip design, solidifying a key customer relationship.

"Customers including NVIDIA, Cisco, MediaTek, and Samsung Foundry have validated up to 10x faster design closure and 3x faster runtime."

2454.TW WATCH

Sassine Ghazi

Management's comments highlight close collaboration with memory makers on HBM design, critical for AI infrastructure.

"Our relationship with Samsung, with SK Hynix, with the broad market in Korea has been a great collaboration in an area and a region that are leading with a very essential part of the AI infrastructure."

000660.KS WATCH

Sassine Ghazi

Deep collaboration with Samsung on HBM and memory design supports Synopsys' growth in the AI segment.

005930.KS WATCH

Sassine Ghazi

Samsung Foundry is closely tied to Synopsys' EDA tools, suggesting continued collaboration in advanced nodes.

"Customers including NVIDIA, Cisco, MediaTek, and Samsung Foundry have validated up to 10x faster design closure and 3x faster runtime."

BC94.F WATCH

Sassine Ghazi

Microsoft is a key partner in delivering AI-native EDA workflows, potentially driving more cloud compute consumption.

"With Microsoft and AMD, we introduced the first autonomous EDA workflows on Microsoft Discovery that can automate debug, implementation, and design closure."

MSFT WATCH

HIGH

21:00
May 27 ◎

SNPS FY2026 Q2 Watch

Synopsys, Inc. (SNPS) FY2026 Q2 Earnings Call

INTC TSM SNPS ▾

Saseen Ghazi

Intel Foundry's ramp (18A/14A) is a potential tailwind for Synopsys IP, but revenue only materializes once evals convert to production, which is not included in FY26 guidance.

"when we see or you hear about customers like Intel, Intel Foundry, expanding their engagements, we are, of course, aware of these engagements very early on"

INTC WATCH

Saseen Ghazi

Synopsys' UCIE IP achieved a 64-gig tape-out on a 2-nanometer process, with lifetime wins now over 150, indicating expanding die-to-die interoperability adoption. — High-speed chiplet interconnect is a key enabler for TSMC's advanced packaging and 2nm processes, driving demand for Synopsys IP.

"we secured additional UCIE design wins and achieved a 64-gig tape-out on a 2-nanometer process, bringing total UCIE lifetime wins to over 150"

TSM WATCH

Sheila Glazer

Management raised full-year guidance across revenue, operating margin, EPS, and free cash flow, citing strong AI demand, cost discipline, and accelerating Ansys synergies.

"we are raising our full year 2026 revenue, operating margin, EPS, and free cash flow guidance"

SNPS WATCH

HIGH

22:00
Feb 25 ◎

SNPS FY2026 Q1 Watch

Synopsys, Inc. (SNPS) FY2026 Q1 Earnings Call

AMD NSU NVDA MSFT GFS ▾

Saseen Ghazi

Deep collaboration on AI-accelerated chip design is recognized; signals strong relationship and co-development with AMD in leading-edge design.

"receiving World Economic Forum honors for our work with AMD to advance AI accelerated chip design"

AMD WATCH

Saseen Ghazi

Highlights adoption of Ansys simulation in automotive; Audi is using Synopsys tools to cut physical testing and speed development.

"AI-driven simulation is helping customers like Audi reduce physical prototyping and shorten development cycles"

NSU WATCH

Saseen Ghazi

Partnership on GPU acceleration and Omniverse is deep; joint R&D to run Synopsys products on NVIDIA GPUs expected to deliver in 2026, with added monetization uplift.

"we're leveraging some of that orchestration layer and the cognitive layer that they offer. So it's a combination of what we're building and what we're partnering with the ecosystem"

NVDA WATCH

Saseen Ghazi

Co-developing orchestration for agentic AI with Microsoft is part of Synopsys's automation roadmap, broadening its ecosystem approach.

"we have multiple orchestration layer. And we talked about these through some of our partnerships we have with Nvidia, with Microsoft"

MSFT WATCH

Saseen Ghazi

Planned divestiture of ARC processor IP to GlobalFoundries is strategic; GF will enable interface IP and EDA engagement with joint customers.

"The planned sale of our processor IP solutions business to global foundries sharpens our focus"

GFS WATCH

Saseen Ghazi

Management explicitly contrasts its deterministic solvers against probabilistic AI model companies, suggesting it views such AI firms as providing substitutes, not solutions.

"probabilistic AI models do not replicate"

ANTHROPIC WATCH

Sheila Glazer

Guidance is raised on EPS due to lower interest expense; reiteration of the rest signals confidence in the full-year despite muted IP; margins and revenue outlook are stable to improving.

"we are reiterating our full-year revenue, non-GAAP operating margin, and cash flow guidance, while raising our non-GAAP EPS guidance for the full year"

SNPS WATCH

HIGH

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