Synopsys, Inc. (SNPS) Stock Price & Analysis
Synopsys, Inc. (SNPS) closed at USD 422.48 on Thursday, October 22, 2026, down 6.36% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 451.19; the Oct 22, 2026 session ranged USD 422.11–444.05 on volume of 2,587,441 shares. Market capitalization is $80.96B, with a 52-week range of USD 362.55–539.48 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SNPS.md
Key facts (SNPS)
- Last four reported quarters (through Jul 31, 2026): revenue $9.42B, net income $1.08B (11.4% margin), free cash flow $2.75B (SEC filings).
- Valuation: P/E 75.2x (avg 50.3x at the last 3 fiscal year-ends), EV/EBITDA 33.4x, net debt $6.43B.
- Earnings quality: non-operating income $1.12B vs operating income $802M over the last four quarters; P/E excluding non-operating income ≈545.2x (estimate: non-operating income taxed at the company's 17.2% effective rate).
- 4 of 80 tracked superinvestors hold SNPS (13F, Q2 2026): 0 new, 0 added, 3 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $59.6M; 2 not under a Rule 10b5-1 plan ($6.6M); 5 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.88 on a 1–5 scale) (25 analysts), mean target USD 586.95 (range 475–700).
- Total return with dividends: 1Y -7.4% vs S&P 500 +14.9%; 5Y +31.6% vs S&P 500 +80.3%.
- Next earnings: 2026-08-26, EPS estimate USD 4.13, revenue estimate $2.56B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SNPS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.20B | $5.08B | $5.32B | $6.13B | $7.05B | $9.42B |
| Gross profit | $3.34B | $3.72B | $4.29B | $4.88B | $5.43B | — |
| Operating income | $735M | $1.15B | $1.27B | $1.36B | $915M | $802M |
| Net income | $758M | $985M | $1.23B | $2.26B | $1.33B | $1.08B |
| EPS (diluted) | $4.81 | $6.29 | $7.92 | $14.51 | $8.04 | — |
| Free cash flow | $1.40B | $1.60B | $1.51B | $1.27B | $1.35B | $2.75B |
| Gross margin | 79.5% | 73.2% | 80.6% | 79.7% | 77.0% | — |
| Operating margin | 17.5% | 22.6% | 23.9% | 22.1% | 13.0% | 8.5% |
| Net margin | 18.0% | 19.4% | 23.1% | 36.9% | 18.9% | 11.4% |
| Revenue growth | +14.1% | +20.9% | +4.7% | +15.2% | +15.1% | — |
| Cash + short-term investments | $1.58B | $1.57B | $1.59B | $4.05B | $2.96B | — |
| Total debt | $100M | $20.8M | $18.1M | $15.6M | $13.5B | — |
Fiscal years end Oct. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (SNPS)
P/E 75.2x · P/E ex non-operating (est.) ≈545.2x · P/S 8.6x · EV/EBITDA 33.4x · EV/Sales 9.3x · P/FCF 29.5x · P/B 2.6x · FCF yield 3.39% · Earnings yield 1.33% · Net debt $6.43B · EV $87.4B
P/E at fiscal year-ends: Oct 2025 56.4x, Oct 2024 35.4x, Oct 2023 59.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (SNPS)
4 of 80 tracked investors hold SNPS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.16% | $18.4M | Reduced -93.8% |
| Christopher Davis | Davis Advisors | 0.05% | $11.1M | Reduced -3.7% |
| Duan Yongping | H&H International Investment | 0.02% | $4.5M | Unchanged |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $4.5M | Reduced -1.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (SNPS)
6 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Ghazi Sassine | PRESIDENT AND CEO | 14,604 | $6.8M | 16% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-10-06 | Lee Janet | GC & Corporate Secretary | 1,144 | $575K | 6.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-10-05…2026-10-06 | Kankanwadi Sudhindra | Deputy CFO & CAO | 12,170 | $6.0M | 34.9% | No | Too little history (no open-market trades in 2024) |
| 2026-09-15 | Ghazi Sassine | PRESIDENT AND CEO | 14,604 | $5.5M | 16% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-31…2026-09-01 | De Geus Aart | EXECUTIVE CHAIR | 49,641 | $21.4M | 10.1% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-28 | De Geus Aart | EXECUTIVE CHAIR | 25,000 | $11.1M | 5.3% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-15 | Ghazi Sassine | PRESIDENT AND CEO | 14,603 | $6.7M | 16% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-12 | Glaser Shelagh | CFO | 3,394 | $1.5M | 18.5% | Yes (adopted January 13, 2026) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SNPS)
Consensus Buy (mean 1.88 on a 1–5 scale), 25 analysts; mean target USD 586.95 (low 475, high 700).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Morgan Stanley | Target raised | Overweight | $500 → $574 |
| 2026-10-12 | Needham | Target raised | Buy | $580 → $620 |
| 2026-10-01 | Wells Fargo | Target raised | Overweight | $475 → $540 |
| 2026-10-01 | Keybanc | Target raised | Overweight | $600 → $605 |
| 2026-10-01 | Rosenblatt | Target raised | Buy | $575 → $620 |
| 2026-09-25 | HSBC | Upgrade | Hold → Buy | $490 → $700 |
| 2026-09-24 | BNP Paribas | Upgrade | Underperform → Neutral | $420 |
| 2026-09-10 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $450 → $475 |
| 2026-09-08 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $500 |
| 2026-08-27 | Mizuho | Target lowered | Outperform | $600 → $550 |
| 2026-08-27 | Baird | Upgrade | Neutral → Outperform | $558 → $560 |
| 2026-08-27 | Rosenblatt | Maintained | Buy | $575 |
Total return (dividends reinvested) (SNPS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -7.4% | +31.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -7.4% | +5.6% |
| Volatility (annualized) | 44.4% | 40.8% |
| Max drawdown | -31.2% (May 2026→Sep 2026) | -39.9% (Jul 2024→Jul 2026) |
SNPS revenue by business segment (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Design Automation: | $2.00B | 80.9% | +52.6% |
| Design IP: | $473.9M | 19.1% | +10.8% |
| Total revenue | $2.48B | 100% | — |
SNPS revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Products | $1.67B | 67.3% | +18.4% |
| — Time-based products (part of Products) | $1.00B | 40.5% | +12.4% |
| — Upfront products (part of Products) | $665.2M | 26.9% | +28.8% |
| Maintenance and service | $808.8M | 32.7% | +144.4% |
| Total revenue | $2.48B | 100% | — |
SNPS revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $1.05B | 42.5% | +28.9% |
| Other | $472.9M | 19.1% | +60.0% |
| Europe | $370.9M | 15.0% | +107.7% |
| Korea | $325.6M | 13.1% | +61.1% |
| China | $255.5M | 10.3% | +3.3% |
| Total revenue | $2.48B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SNPS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | ANSYS | “With the addition of our Ansys business, we now offer expanded capabilities that help customers model, predict, and improve product performance and sustainability across a broader range of industries.” |
| Customer | Keysight Technologies, Inc. (KEYS) | “Our Other product group also includes revenue from Synopsys' Optical Solutions Group through October 17, 2025, the date it was divested to Keysight Technologies, Inc.” |
| Customer | Siemens | “He has also held various leadership roles in sales and customer support, starting at Berkeley Design Automation in 2011 and through Mentor Graphics' acquisition by Siemens Digital Industries Software.” |
| Partner | Microsoft (MSFT) | “Our Synopsys Cloud offering provides customers additional options for accessing our EDA products in their own cloud environments and in the industry's first EDA Software-as-a-Service solution developed in partnership with Microsoft Azure.” |
| Partner | Clearlake Capital Group | “On September 30, 2024, we completed the sale of our former Software Integrity business (the Software Integrity Divestiture) to entities controlled by funds affiliated with Clearlake Capital Group, L.P. and Francisco Partners (together, the Sponsors).” |
Quoted from the company's 10-K filed Dec 22, 2025.
Companies that name SNPS in their SEC reports
| Relationship to SNPS | Company | Filing | Sentence |
|---|---|---|---|
| customer | TOWER SEMICONDUCTOR LTD (TSEM) | 20-F Apr 30, 2026 | “- and license standard cells, I/O, and memory IP from Synopsys, eMemory, and other top suppliers of physical IP.” |
| competitor | Silvaco Group, Inc. (SVCO) | 10-K Mar 12, 2026 | “We compete most frequently with Synopsys, Inc., Siemens EDA, and Cadence, Inc. by providing specialized differentiation that is generally unavailable from larger EDA companies.” |
| partner | GLOBALFOUNDRIES Inc. (GFS) | 20-F Feb 27, 2026 | “Definitive Agreement - On January 13, 2026, the Company entered into a definitive agreement with Synopsys, Inc. ("Synopsys") for the acquisition of Synopsys' ARC Processor IP Solutions business and its teams of engineers and designers for $445 million.” |
| partner | Atomera Inc (ATOM) | 10-K Feb 24, 2026 | “we have worked in collaboration with Synopsys, Inc., a provider of the most broadly used TCAD simulation software in the semiconductor” |
| competitor | CADENCE DESIGN SYSTEMS INC (CDNS) | 10-K Feb 19, 2026 | “Key competitors include Synopsys, Inc., Ansys, Inc. (acquired by Synopsys), Siemens EDA, and a variety of other tool providers, electronics device manufacturers with in-house EDA capabilities, technical and computational software companies, electronics design and consulting firms, and IP companies.” |
| competitor | RAMBUS INC (RMBS) | 10-K Feb 18, 2026 | “In the Silicon IP market, Rambus competes with the in-house design teams at our potential customers, as well as with third-party IP suppliers, such as Cadence and Synopsys.” |
| competitor | JFrog Ltd (FROG) | 10-K Feb 13, 2026 | “Some security-focused companies may compete with a subset of JFrog's holistic security offerings or address only developer-level security, such as Aqua Security, Snyk, Checkmarx, Sonatype, and Synopsys.” |
| customer | Arteris, Inc. (AIP) | 10-K Feb 12, 2026 | “We work with suppliers who provide these blocks, including IP companies such as Arm, SiFive, MIPS, Synopsys, Cadence Design Systems, Semidynamics, Andes, Codasip and other RISC-V IP vendors to support their products and protocols working with our SoC Integration Automation software and interconnect IP products.” |
SNPS customer concentration
In the period ended Oct 31, 2024, a single direct customer accounted for 12.6% of revenue, per the company's 10-K filed Dec 22, 2025. The company does not name it.
SNPS company outlook (results filed Aug 26, 2026)
- “Although these Earnings Materials are expected to remain available on Synopsys' website through the time Synopsys announces its results for the fourth quarter and fiscal year 2026, their continued availability through such time does not mean that Synopsys is reaffirming or confirming their continued validity.”
- “This rate is based on our projected annual rate through fiscal year 2028, primarily due to the completion of the acquisition of Ansys in the third quarter of fiscal year 2025 and the enactment of the One Big Beautiful Bill Act (the OBBB), which affects taxable income starting in fiscal year 2026 over the next several years.”
Quoted word-for-word from the SEC 8-K results press release.
SNPS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $4.13 | $4.00 | +3.4% | $2.56B | 16 |
| Next quarter (ends Jan 2027) | $4.45 | $4.31 | +3.1% | $2.68B | 12 |
| Current fiscal year (ends Oct 2026) | $15.14 | $14.77 | +2.5% | $9.72B | 22 |
| Next fiscal year (ends Oct 2027) | $18.73 | $17.28 | +8.4% | $11.04B | 18 |
SNPS options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 53.3% | ±6.3% |
| Nov 6, 2026 | 14 | 49.1% | ±8.0% |
| Nov 13, 2026 | 21 | 47.2% | ±9.3% |
| Nov 20, 2026 | 28 | 45.7% | ±10.3% |
| Nov 27, 2026 | 35 | 46.0% | ±11.5% |
| Dec 4, 2026 | 42 | 44.9% | ±12.3% |
| Dec 18, 2026 | 56 | 47.5% | ±15.0% |
| Jan 15, 2027 | 84 | 45.1% | ±17.4% |
30-day implied volatility 45.3% vs 53.8% realized over the last 30 trading days. Put/call ratio (volume) 0.56. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 422.48 |
|---|---|
| Change | ▼ 6.36% (down) |
| Previous Close | USD 451.19 |
| Open | USD 441.5 |
| Day Range | USD 422.11 – 444.05 |
| 52-Week Range | USD 362.55 – 539.48 |
| Volume | 2,587,441 shares |
| Market Cap | $80.96B |
| Exchange | NMS |
Technical Analysis (SNPS)
Nexqual's technical model rates SNPS "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 39.59 (neutral) |
| vs SMA50 | Below (USD 430.51) |
| MACD | 5.89 (positive) |
Analyst Ratings (SNPS)
Wall Street analysts rate SNPS "Buy" based on 25 analysts, with a mean price target of USD 586.95 (range USD 475–700), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 586.95 |
| High Target | USD 700 |
| Low Target | USD 475 |
| Buy / Hold / Sell | 24 / 1 / 0 |
Earnings (SNPS)
| Next Earnings Date | 2026-08-26 |
|---|---|
| EPS Estimate | USD 4.13 |
| Revenue Estimate | $2.56B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 3.91 vs est 3.67 ▲ beat |
| 2026-04-30 | USD 3.35 vs est 3.16 ▲ beat |
| 2026-01-31 | USD 3.77 vs est 3.56 ▲ beat |
| 2025-10-31 | USD 2.9 vs est 2.78 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (SNPS)
| Total Revenue | $9.42B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +42.40% |
| Gross Margin | +82.92% |
| Operating Margin | +14.52% |
| Profit Margin | +11.43% |
| ROE | +3.66% |
| Debt / Equity | 0.35 |
| Current Ratio | 1.34 |
| Total Cash | $3.61B |
| Total Debt | $10.84B |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Ownership (SNPS)
| Insider Ownership | +2.99% |
|---|---|
| Institutional Ownership | +93.00% |
| Shares Outstanding | 191.64M |
| Float | 190.52M |
| Short % of Float | +2.61% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (SNPS)
Synopsys, Inc. is led by Sassine Ghazi, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:21 UTC.
| CEO, President & Director | Sassine Ghazi |
|---|---|
| Co-Founder & Executive Chairman | Aart J. de Geus |
| Chief Financial Officer | Shelagh Glaser |
| Senior Vice President of Operations | Alessandra Costa |
| Chief Marketing Officer | Ann Minooka |
Major Backers & Investors (SNPS)
Notable institutional backers of Synopsys, Inc. include Invesco, FMR, LLC, Nvidia Corp , according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 3.15% |
| FMR, LLC | 3.13% |
| Nvidia Corp | 2.52% |
| Morgan Stanley | 1.97% |
| Van Eck Associates Corporation | 1.8% |
| VanEck ETF Trust-VanEck Semiconductor ETF | 1.59% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.87% |
| BlackRock | 8.46% |
| State Street | 4.73% |
| Geode Capital | 2.35% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Synopsys, Inc.'s Latest SEC 10-K Filing (filed 2025-12-22)
Key Strengths & Strategy (as disclosed to the SEC)
- Our Verification Family is built from our industry-leading verification technologies and provides virtual prototyping, static and formal verification, simulation, emulation, FPGA-based prototyping and debug in a unified environment with verification IP, planning, and coverage technology.
- While protecting our proprietary technology is important, our business as a whole is not significantly dependent upon any single patent, copyright, trademark, or license.
- We primarily rely upon a combination of copyright, patent, trademark, and trade secret laws and license and non-disclosure agreements to establish and protect our proprietary rights.
- We have a diversified portfolio of more than 3,800 United States and foreign patents issued, and we will continue to pursue additional patents in the future.
Partnerships
- Our Synopsys Cloud offering provides customers additional options for accessing our EDA products in their own cloud environments and in the industry's first EDA Software-as-a-Service solution developed in partnership with Microsoft Azure.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in tax laws and regulations or interpretations thereof, or any change in the application of existing laws and regulations may adversely affect our effective tax rates and financial results.
- Our business is subject to evolving corporate governance and public disclosure regulations and expectations that could expose us to numerous risks.
- We or our directors or officers are subject to litigation proceedings, which are expensive, could divert management attention and harm our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt