Synopsys Q2 Net Income Declines Despite Revenue Growth

Synopsys Inc. (SNPS) reported a drop in net income for its fiscal second quarter ended April 30, 2026, the company disclosed on May 27, 2026. The electronic design automation firm posted net income of $281 million, down 12% from $319.3 million in the year-ago period. Revenue rose 8% to $1.54 billion, compared with $1.43 billion a year earlier, driven by demand for its chip design software and hardware products. Adjusted earnings per share of $2.81 exceeded analyst estimates of $2.73, according to LSEG data. The income decline reflected higher operating expenses and acquisition-related costs. Synopsys reaffirmed its full-year fiscal 2026 revenue guidance of $6.9 billion to $7.0 billion. Shares were little changed in after-hours trading.