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Synopsys raises full-year revenue outlook

Synopsys reported third-quarter revenue of $2.477 billion and non-GAAP EPS of $3.91, above published consensus estimates. It set full-year revenue guidance at $9.690 billion to $9.740 billion and disclosed expected full-year Ansys revenue of $2.98 billion.

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Synopsys reported fiscal 2026 third-quarter revenue of $2.477 billion and non-GAAP EPS of $3.91, then raised full-year revenue guidance to $9.690 billion to $9.740 billion. MarketBeat listed published consensus of $2.44 billion in revenue and $3.67 in EPS, making both the quarter and the updated outlook evidence of continued operating-scale expansion.

Quarterly results exceeded published expectations

Synopsys reported third-quarter revenue of $2.477 billion, GAAP EPS of $2.84, and non-GAAP EPS of $3.91. MarketBeat listed consensus revenue of $2.44 billion and EPS of $3.67; on that basis, reported revenue was $39.17 million higher and non-GAAP EPS was $0.24 higher. Synopsys had previously guided for third-quarter revenue of $2.410 billion to $2.460 billion and non-GAAP EPS of $3.63 to $3.69. Actual revenue also exceeded the top end of that prior company range.

The full-year operating target moved higher

Synopsys set full-year revenue guidance at $9.690 billion to $9.740 billion and non-GAAP EPS guidance at $15.04 to $15.10. In the prior quarter, the midpoint of its full-year revenue and non-GAAP EPS guidance had been $9.665 billion and $14.76, respectively. The update therefore lifts both the revenue and earnings target. The company also disclosed expected full-year Ansys revenue of $2.98 billion. The raised full-year target provides a clearer statement of management’s updated view of remaining-period scale than the single quarter alone.

The acquisition limits a simple year-over-year reading

Synopsys reported $1.740 billion in revenue and non-GAAP EPS of $3.39 in the prior-year quarter. But the company said the Ansys acquisition closed on July 17, 2025, and its operating-results contribution from the acquisition date was not material in that quarter. The business mix is therefore different this year, so revenue growth should not be read as entirely comparable organic growth. Ansys revenue delivery, margins, and full-year execution are the more informative next tests.

What to watch next

A maintained or higher $9.690 billion to $9.740 billion revenue target in the next quarter, together with disclosed Ansys revenue approaching the company’s $2.98 billion full-year expectation, would strengthen the view that post-acquisition scale is being realized. A move toward the low end of the range, lower profit targets, or weaker-than-expected Ansys revenue would weaken it.

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