Synopsys reported fiscal Q3 2026 results beating expectations with revenue of $2.477 billion, up 42% year-over-year, and non-GAAP diluted earnings per share of $3.91. The Design Automation segment generated $2.003 billion, accounting for 81% of total revenue. Shares fell 4-6% in after-hours trading despite the earnings beat. CEO Sassine Ghazi cited AI as the primary growth catalyst, with AI models requiring custom silicon that demands complex chip designs powered by Synopsys tools. The company raised its full-year revenue guidance to a midpoint of $9.715 billion and its non-GAAP EPS midpoint to $15.07.
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