Synopsys posts $2.477B Q3 FY26 revenue, targets $11.15B in FY27 and outlines buyback plan
AI Market Summary
Synopsys reported strong Q3 FY26 results, with revenue of $2.477B led by Design Automation (over 80% of sales) and non-GAAP EPS rising to $3.91. The Ansys acquisition broadens Synopsys' addressable market into system-level modeling, reinforcing the AI-driven chip complexity tailwind. Management's FY27 revenue target of $11.15B and a plan to deploy up to 50% of free cash flow for buybacks support near-term equity sentiment.
Impact level
● Medium
Affected assets
NCSKSNPS2USD/USDT+0.48%
AI Insight · NCSKSNPS2USD/USDTAI Insight
▲ Bullish
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Synopsys reported Q3 FY26 revenue of $2.477B, with Design Automation contributing more than 80% of sales. Non-GAAP earnings per share increased to $3.91. Management said it is targeting FY27 revenue of $11.15B while maintaining double-digit growth. The company also plans to allocate up to 50% of free cash flow to share buybacks.
