Recap: Synopsys Q2 Earnings

Synopsys SNPS reported its Q2 earnings results on Wednesday, May 18, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Synopsys beat estimated earnings by 5.49%, reporting an EPS of $2.5 versus an estimate of $2.37.

Revenue was up $255.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 4.39% drop in the share price the next day.

Here's a look at Synopsys's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 2.37 1.78 1.78 1.52
EPS Actual 2.40 1.82 1.81 1.70
Revenue Estimate 1.27B 1.15B 1.05B 988.70M
Revenue Actual 1.27B 1.15B 1.06B 1.02B

To track all earnings releases for Synopsys visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings