Sunnyvale, California-based Synopsys, Inc. (SNPS) provides electronic design automation (EDA) software products used to design and test integrated circuits.ย With a market cap ofย $91.4 billion,ย the companyย provides design technologies to creators of advanced integrated circuits, electronic systems, and systems on a chip. Theย global leader in EDA isย expected to announce its fiscalย second-quarter earnings for 2026 in the near term.
Ahead of the event, analysts expect SNPS to report aย profit of $2.24 per share on a diluted basis, down 13.5% fromย $2.59 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.ย
ย
For the full year, analysts expect SNPS to report EPS of $10.30, up 19.1% from $8.65 inย fiscal 2025. Its EPS is expected to rise 19.1% year over year to $12.27 in fiscal 2027.ย
SNPS stock has underperformed the S&P 500 Indexโs ($SPX) 32.2% gains over the past 52 weeks, with sharesย up 8.2% during this period. Similarly, it underperformed the State Street Technology Select Sector SPDR ETFโs (XLK)ย 57.4% gains over the same time frame.
On Feb. 25, SNPS shares closed up by 1.9% after reporting its Q1 results. Its adjusted EPS of $3.77 surpassed Wall Street expectations of $3.57. The companyโs revenue was $2.41 billion, beating Wall Street forecasts of $2.39 billion. SNPS expects full-year adjusted EPS in the range of $14.38 to $14.46, and revenue ranging from $9.6 billion to $9.7 billion.
Analystsโ consensus opinion on SNPS stock is moderately bullish, with a โModerate Buyโ rating overall. Out of 21 analysts covering the stock, 15 advise a โStrong Buyโ rating, one suggests a โModerate Buy,โ four give a โHold,โ and one recommends a โStrong Sell.โ SNPSโ average analyst price target is $540.10, indicating a potential upside of 18.2% from the current levels.ย
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
ย
More news from Barchart
- Tesla Is Making a $2 Billion Bet on Hardware as AI-Focused SpaceX IPO Draws Near. Is TSLA Stock Safe to Buy?
- AMD Stock Is at Record Highsโand Why Itโs Still Not Too Late to Buy
- Unusual Put Activity Is Flagging a Smart Trade Setup in This New Quantum Computing Stock
- Amazon Hits Record Highs Before Q1 Earnings: Is AMZN Stock Still a Buy?
