“The increase in interest expense for the nine months ended July 31, 2026 compared to the same period in fiscal 2025 was primarily due to interest on the Senior Notes issued in the second quarter of fiscal 2025 and the borrowing under the Term Loan Agreement i…”10-Q · Aug 26, 2026 ↗
Synopsys, Inc.
SNPS
Market read
Synopsys, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
- Employee-related costs rose as Ansys moved from a partial-period to a full-period contribution, with headcount reductions from the 2026 Plan partly offsetting the increase.
- Upfront products revenue increased 40% over nine months, but Synopsys says timing and customer requirements can move this revenue between periods.
Invalidation: The isolated read changes if SNPS's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Employee-related costs rose as Ansys moved from a partial-period to a full-period contribution, with headcount reductions from the 2026 Plan partly offsetting the increase.
- Upfront products revenue increased 40% over nine months, but Synopsys says timing and customer requirements can move this revenue between periods.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +15.1% year over year.
- Operating cash flow covered net income at 1.14x in the latest annual period.
- Macroeconomic conditions has repeated favorable evidence across 4 filings.
- Tariffs and trade policy has repeated favorable evidence across 4 filings.
- Operating margin changed -9.2 percentage points in the latest annual period.
- Net margin changed -18.1 percentage points in the latest annual period.
- Diluted shares increased 6.2% in the latest annual period.
- Demand and volume has repeated adverse evidence across 5 filings.
- Product pipeline and R&D has repeated adverse evidence across 5 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
397.22Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Upfront Products Revenue July 31, 2026 2025 $ Change % Change (dollars in millions) Three months ended $ 665.2 $ 516.4 $ 148.8 29 % Percentage of total revenue 27 % 30 % Nine months ended $ 1,953.0 $ 1,395.2 $ 557.8 40 % Percentage of total revenue 27 % 29 %…”10-Q · Aug 26, 2026 ↗
“The increase in research and development expenses for the nine months ended July 31, 2026 compared to the same period in fiscal 2025 was primarily due to increases of $334.4 million in employee-related costs from Ansys for the full period in fiscal 2026 versu…”10-Q · Aug 26, 2026 ↗
“We expect growth across most geographies in fiscal 2026; however, we are expecting a challenging near-term environment, including in China, due to macroeconomic factors and Trade Restrictions (as defined below).”10-Q · May 27, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SNPS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SNPS. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SNPS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
NVDANVIDIA CorporationcustomerFeb 25, 2026 ▾
“Cash Used in Financing Activities The increase in net cash used in financing activities for the three months ended January 31, 2026 compared to the same period in fiscal 2025 was primarily due to the repayment of the remaining $3.5 billion of the Term Loans,…”
KEYSKeysight Technologies, Inc.partnerDec 22, 2025 ▾
“Synopsys' Optical Solutions Group was sold to Keysight Technologies, Inc.”
Depended on by
SVCOSilvaco Group, Inc.competitorMar 12, 2026 ▾
“Competition We compete most frequently with Synopsys, Inc., Siemens EDA, and Cadence, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SNPS is currently a Early Follower in the organic co-movement group Electronic Design Automation. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.