AllAnalyst Report
logoMorningstarNovember 30, 2023

Synopsys, Inc.: Synopsys Earnings: Robust Demand and Growth Runway Fueled by AI Prowess

Symbols
SNPS
Sector(s)
Technology
Rating
Current Price
$570.81
Fair Value
Economic Moat
Stewardship
Summary

Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm’s growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys’ comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

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