Synopsys, IncNasdaq: SNPS
Information Technology · Application Software
$489.45
+1.42%
Vol: 644K
Research Digest
Friday, May 1, 2026
Synopsys extends TSMC and Atomera AI partnerships; Q2 2026 earnings May 27 with FY guidance $14.38-$14.46 EPS.
Synopsys announced Q2 FY2026 earnings will be reported May 27, 2026 after close. Q1 FY2026 revenue $2.409B vs $1.455B in Q1 FY2025. FY2026 EPS guidance $14.38-$14.46, Q2 2026 guidance $3.11-$3.17. Recent highlights: extended TSMC partnership on advanced AI-driven EDA flows, Arm collaboration on AGI CPU, NASA Artemis support. Stock surged ~30% from March 30 to April 24. Elliott Management building multibillion-dollar stake. Class action lawsuits regarding securities fraud are headwinds.
Previous Market Intelligence
13 daysApr 30Synopsys expanded AI partnerships with TSMC and Atomera; Elliott Management built multibillion-dollar activist stake; Q2 earnings May 27.Positive▶
Synopsys reported record backlog and deepened collaborations with TSMC on 3nm/2nm/A-series nodes and GaN/RF modeling with Atomera, plus high-end design wins including NASA/Artemis work. Activist investor Elliott Management has built a multibillion-dollar stake and plans engagement to improve software/services revenue and margins. The company is preparing Q2 fiscal 2026 earnings (May 27) with analysts expecting EPS 13.5% below last year. Stock jumped 9.45% following AI design wins and bullish analyst upgrades. Average analyst rating is Buy with $540.71 price target.
Apr 16Synopsys enters definitive agreement to sell Processor IP Solutions business to GlobalFoundriesPositive▶
Synopsys entered definitive agreement to sell Processor IP Solutions business to GlobalFoundries, announced January 14, 2026. Sale allows Synopsys to sharpen focus on interface and foundation IP plus AI-driven opportunities. Company reported Q1 FY2026 revenue of $2.409B, GAAP EPS of $0.34, non-GAAP EPS of $3.77. Full-year revenue midpoint reiterated at $9.61B with authorization of $2.0B stock repurchase. Elliott Investment Management built multibillion-dollar stake; Nvidia previously announced expanded partnership and $2B stock purchase. Q1 earnings released; next earnings April 27.
Apr 15Synopsys Q1 FY2026 earnings beat (EPS $3.77 vs $3.56) and Elliott Management private placement lift sentiment despite 9.4% monthly decline.Mixed▶
Synopsys reported strong Q1 FY2026 results with $2.409B revenue (+65.6% YoY) and EPS of $3.77 beating consensus. Elliott Investment Management entered as new investor. Goldman Sachs raised target to $600 (Overweight), Piper Sandler cut to $430 (Neutral). Recent monthly decline of 9.4% reflects broader SaaS sector volatility.
Apr 14Synopsys receives Elliott Investment backing and expands Arm AGI CPU collaboration; IP segment margins compressed.Negative▶
Synopsys announced a private placement bringing Elliott Investment Management as new investor, coupled with expanded Arm AGI CPU collaboration. Q1 revenues reached $2.409 billion (65.5% YoY increase) with EDA segment showing 12% organic growth. However, IP segment margins collapsed to 16% from historical 30-40% and China market revenue declined. Stock fell 9.4% in April trading at $392.24 vs analyst fair value of $537.75.
Apr 13Synopsys soars on Elliott Investment private placement and Arm AGI partnership; Q4 earnings beat with $3.77 EPS.Mixed▶
Synopsys posted strong Q4 results (EPS $3.77 vs. consensus $3.56, revenue $2.41B +65.6% YoY) and secured Elliott Investment Management as new stakeholder via private placement. Record trading volume hit $630M on April 10 despite 3.13% decline. FY2026 guidance maintains 14.38-14.46 EPS. Processor IP Solutions divested to GlobalFoundries. Consensus is Hold at $531.
Apr 10Elliott Investment brought in as new shareholder; expanded Arm AGI CPU collaboration announced with strong engineering AI partnerships.Mixed▶
Synopsys announced a private placement bringing Elliott Investment Management as new investor alongside expanded Arm AGI CPU collaboration. The company reported Q1 FY2026 revenue of $2.409B with non-GAAP EPS of $3.77, reiterating full-year revenue midpoint of $9.61B. Strategic NVIDIA partnership showed impressive results including up to 30X quantum chemistry speedups and 34X CFD compute gains. Stock currently trading at $406 with mixed sentiment on valuation.
Apr 9Synopsys Q1 FY2026 revenue $2.409B with Elliott Investment stake and expanded NVIDIA partnership announced.Positive▶
Synopsys reported Q1 FY2026 revenue of $2.409 billion versus $1.455 billion in Q1 FY2025, reflecting the ANSYS acquisition completion. GAAP EPS of $0.34 and non-GAAP EPS of $3.77 posted, with full-year revenue midpoint reiterated at $9.61B (including $2.9B expected Ansys revenue). Elliott Investment Management built a multibillion-dollar stake in Synopsys, calling it essential to the global chip industry. NVIDIA expanded partnership with Synopsys and purchased $2 billion worth of stock. Synopsys announced definitive agreement to sell Processor IP Solutions business to GlobalFoundries to sharpen focus on interface IP and AI-driven opportunities. Synopsys Multiphysics Fusion technology integrates Synopsys and Ansys capabilities. Industry-first L4 multi-agent design workflow launched via Synopsys AgentEngineer technology. Board approved $2.0 billion stock repurchase. NVIDIA partnership highlighted GPU-accelerated engineering with up to 30X quantum chemistry speedups.
Apr 8Elliott Investment builds stake in Synopsys amid strategic expansionPositive▶
Synopsys gained traction after activist investor Elliott Investment Management built a multi-billion-dollar stake in the silicon design specialist. The company expanded collaboration with Arm Holdings on AGI CPU development, though near-term trading remains volatile with a 5.2% daily decline offset by 3.35% after-hours gains.
Apr 7Synopsys sells Processor IP to GlobalFoundries, Elliott builds multi-billion stake; AI partnerships accelerateMixed▶
Synopsys announced definitive agreement to sell Processor IP Solutions business to GlobalFoundries while sharpening focus on interface/foundation IP and AI opportunities. Activist investor Elliott Management built multi-billion-dollar stake. Highlighted NVIDIA partnership progress at GTC 2026 with customer results: 30X quantum chemistry speedups, 34X CFD compute gains, 3.5X circuit-simulation acceleration on B200 GPUs. Unveiled Multiphysics Fusion and AgentEngineer at Synopsys Converge 2026.
Apr 6Synopsys sells Processor IP Solutions to GlobalFoundries; Elliott Investment builds multi-billion stakePositive▶
Synopsys entered a definitive agreement to sell Processor IP Solutions business to GlobalFoundries, sharpening focus on interface and foundation IP and AI-driven opportunities. Activist investor Elliott Investment Management has built a multi-billion-dollar stake. Synopsys unveiled Multiphysics Fusion and AgentEngineer multi-agent workflows at Synopsys Converge 2026. FY 2025 revenue reached $7.05 billion, up 15.12% year-over-year. Analysts rate the stock "Buy" with 12-month price target of $540.71, representing 42.12% upside from current levels.
Apr 3Elliott Investment Management invests multibillion dollars in Synopsys, targeting management changes; Q1 FY2026 EPS beats at $3.77.Positive▶
Activist investor Elliott Investment Management disclosed a multibillion-dollar investment in Synopsys to advocate for changes. Synopsys reported Q1 FY2026 EPS of $3.77 (beat 5.9%) and revenue of $2.41 billion driven by $886 million from Ansys acquisition. Strategic partnership with Arm announced for developing Arm AGI CPU. Stock down 17.5% year-to-date.
Apr 2Elliott Investment Management takes billion-dollar activist stake in Synopsys; company selling Processor IP business to GlobalFoundries.Mixed▶
Activist investor Elliott Investment Management disclosed significant stake in Synopsys, highlighting the company's pivotal role in semiconductor AI-driven chip design with opportunity for financial performance to reflect value delivered. Synopsys has definitive agreement to sell Processor IP Solutions business to GlobalFoundries, sharpening focus on interface/foundation IP and AI opportunities. Q1 FY2026: Revenue $2.409B, GAAP EPS $0.34, non-GAAP EPS $3.77. Stock down 4.6% over 7 days, 4.2% over 1 month, 17.5% YTD. Partnership with Arm on AGI CPU development ongoing.
Apr 1Elliott Management built multibillion-dollar stake in Synopsys; company launched Ansys 2026 R1 with AI-driven capabilities.Positive▶
Synopsys stock rallied on news that Elliott Management has quietly built a multibillion-dollar activist stake. The company launched Ansys 2026 R1 featuring integrated Synopsys-Ansys workflows and AI-driven simulation. Q1 FY2026 revenue of $2.409 billion with non-GAAP EPS of $3.77. Consensus rating is Moderate Buy with PT of $542.76.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SNPSSYNOPSYS | $489.45 | +1.42% | +21.5% | 28.3x | 1.15 | $92.4B |
| ORCLORACLE | $171.78 | +6.44% | +10.9% | 20.1x | 1.60 | $464.2B |
| PLTRPALANTIR | $144.27 | +3.71% | -6.0% | 74.6x | 1.67 | $333.5B |
| APPAPPLOVIN | $461.07 | +3.30% | +8.2% | 21.9x | 2.50 | $150.1B |
| CRMSALESFORCE | $184.10 | +4.29% | -4.6% | 11.8x | 1.29 | $144.4B |
| INTUINTUIT | $398.68 | +2.62% | -6.9% | 14.7x | 1.21 | $108.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.