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Synopsys, Inc. (SNPS)

Superavaliada
TechnologySoftware - InfrastructureUnited States

Fundamental

53

Preço

$483.61

Capitalização de Mercado

$81.43B

Parte 1 · Quanto vale a empresa

Visão Geral

Synopsys makes the software that chip designers use to turn a circuit idea into a design a factory can actually manufacture: simulation, verification and layout tools that catch errors before billions of dollars are committed to production. In 2025 it also acquired Ansys, the maker of engineering simulation software used to test how physical products behave before they are built, extending its tools beyond chips into the broader hardware and systems its chips end up inside.

Como gera receita

Most revenue comes from time-limited licenses to its design software, sold to chip and hardware engineering teams as a recurring subscription rather than a one-off purchase, alongside a second stream from licensing pre-built circuit blocks — Design IP — that a customer can drop into its own chip instead of designing that piece from scratch. Because a design house builds an entire chip project around one vendor's tools, contracts tend to run for years and renew predictably once in place.

Receita por segmento

Design Automation75.1%

Chip design, verification and manufacturing software, now including the acquired Ansys engineering simulation product line as well.

Design IP24.8%

Pre-built circuit blocks and processor cores licensed to customers to drop into their own chip designs.

Vantagem competitiva

Custos de mudança · Ampla

Chip design teams build years of engineering work, custom scripts and trained staff around one vendor's toolchain; ripping that out mid-project risks the whole chip. Synopsys and rival Cadence together dominate the market, leaving few credible alternatives for a large design house to switch to even if it wanted, which supports high renewal rates and durable pricing power across economic cycles.

O que impulsiona a procura

Moderadamente cíclico

Chip design software spending is more stable than the semiconductor sales it enables, because design teams keep working through a downturn even when chip factories cut output. Demand still tracks how much the industry invests in new chip projects overall, and consolidation among Synopsys's largest customers — fewer, bigger design houses — can concentrate the effect of any one customer's budget decision.

Principais riscos

  • Customer concentration and consolidation — Synopsys states it depends on a relatively small number of large chip and technology customers, and that mergers among them reduce the number of independent budgets it can sell into.
  • Integration risk from the Ansys acquisition — The 2025 acquisition of Ansys was one of the largest in the industry's history; failing to integrate its products, technology and staff as planned would mean the deal does not deliver the benefits it was expected to.
  • Export controls and China exposure — US export restrictions on advanced chip design tools have already limited what Synopsys can sell to certain customers in China, and further restrictions could remove more of that market.
  • Intense competition for the same design-in decisions — Synopsys competes closely with Cadence and a handful of smaller specialists for the same customer toolchain decisions, and losing a design-in to a rival can mean losing that customer's business for years.

Concentração de clientes

Synopsys does not disclose an exact figure, but states in its risk factors that it depends on a relatively small number of large customers and that further consolidation among them would increase that dependence.

Os argumentos a favor

Buyers argue that chip design software sits at a genuine bottleneck few companies can replicate, that the Ansys acquisition extends Synopsys's reach from chips into the physical products built around them, and that AI-driven chip complexity is pushing customers to spend more on design tools, not less.

Os argumentos contra

Sellers fear that integrating an acquisition as large as Ansys carries real execution risk, that a customer base already concentrated among a few large chipmakers keeps consolidating further, and that export restrictions on advanced design tools could permanently shrink the China market Synopsys once served.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balanço & Liquidez

Receita

$9.42B

Últimos 12 meses (até 31/07/2026)

Resultado Líquido

$1.08B

Últimos 12 meses (até 31/07/2026)

Fluxo de Caixa Livre

$1.35B

Capital Próprio Total

$28.33B

Passivo Total

$19.90B

Rácio de Liquidez

1.34

Cobertura de Juros

1.29

Dívida/EBITDA

6.88

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Caso geralSobrevalorizada

Valor Justo

$280.10

Preço Atual

$483.61

Margem de Segurança

-72.7%

Intervalo de Valor Justo

$182.07 - $378.14

Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.

Métodos de Estimativa

Preço-alvo dos analistas:$545.55
Fluxo de caixa descontado (DCF):$176.85
Multiplicador de lucros (P/E):$134.71
Fórmula de crescimento de Graham:$179.21
Valor da capacidade de gerar lucro (EPV):$65.13
P/B justificado:$18.72
Desconto de dividendos (Gordon):Dados insuficientes para o calcular
P/FFO, fundos de operações:$166.37
Lucros de meio de ciclo:$163.55
Multiplicador sobre as receitas:$249.92
Consenso dos Analistas:Compra Forte (26B / 5H / 1S)
Última Surpresa de Resultados:+4.56%

Métricas de Avaliação

Rácio P/E

76.17

ROE

4.7%

Rácio P/B

2.68

P/FCF

30.33

Margem Bruta

72.4%

ROIC

1.5%

Radar de Rentabilidade

Criação de Valor (Vantagem Competitiva)

ROIC

1.5%

WACC

10.3%

ROIC − WACC

-8.8 pp

O ROIC está abaixo do custo do capital — a empresa está a destruir valor a cada dólar investido.

Critérios de Análise Fundamental

Aprovado (15)

  • EPS shows upward trend
  • EPS CAGR 11.36%
  • Price CAGR 21.52%
  • Gross Margin 72.4%
  • P/B Ratio 2.68
  • Debt/Equity ratio
  • Operating Margin 8.5%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Return on Tangible Assets
  • Revenue Growth 5Y 13.9%
  • Analyst Consensus 81% Buy
  • Earnings Surprise avg 3.7%
  • Earnings Quality (OCF/NI) 2.73

Reprovado (12)

  • ROIC 1.5%
  • P/FCF 30.33
  • Interest Coverage
  • Debt/EBITDA
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • ROE 3.6%
  • PEG Ratio 5.42
  • Share Dilution 6.2%
  • Net Margin Trend 11.4% vs 31.0%
  • Piotroski F-Score 3/9

Indisponível (1)

  • Dividend Payout NaN%

Piotroski F-Score

3/9

Preocupações financeiras graves

score
criteria

Qualidade dos Resultados

2.73

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

6.2%

A emitir novas ações, diluindo a participação

Participações institucionais

Governação

Equipa Executiva

NomeCargoIdade
Dr. Aart J. de Geus Ph.D.Co-Founder & Executive Chairman71
Mr. Sassine GhaziCEO, President & Director54
Ms. Shelagh GlaserChief Financial Officer61
Ms. Janet LeeGeneral Counsel & Corporate Secretary61
Ms. Alessandra CostaSenior Vice President of Operations-
Mr. Sudhindra KankanwadiChief Accounting Officer54
Mr. Tushar JainHead of Investor Relations-
Ms. Ann MinookaChief Marketing Officer-
Ms. Jill LarsenChief People Officer51
Mr. Antonio VarasChief Strategy Officer-

Risco de Auditoria

1

Risco do Conselho

7

Risco de Remuneração

7

Risco dos Direitos dos Acionistas

4

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Documentos

  • Relatório anual (10-K)

    Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.

    Arquivado em 2025-12-22

    Ver documento
  • Relatório trimestral (10-Q)

    Uma atualização sobre o desempenho financeiro dos últimos três meses.

    Arquivado em 2026-08-26

    Ver documento
  • Relatório de fato relevante (8-K)

    Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.

    Arquivado em 2026-08-26

    Ver documento

via SEC EDGAR

Histórico de Resultados

via SEC EDGAR

Latest News

Recent headlines for SNPS, sourced from Markets Gazette.

  • 8/27/2026NEUTRAL
    Nasdaq-100® Inside the Index: Synopsys (SNPS)

    Synopsys (SNPS), a key player in semiconductor design software, is highlighted for its integral role in the chip manufacturing process. The company's tools are essential for designing and testing semiconductors prior to production, positioning it to benefit from sustained industry investments in technological innovation. As a leader in its niche, Synopsys is well-placed to capitalize on the ongoing demand for advanced chip technologies, though this article provides an overview rather than specific financial performance data.

  • 5/27/2026POSITIVE
    Synopsys Settles with Elliott, Names Firm’s Jesse Cohn to Board

    Synopsys Inc. has reached a settlement with activist investor Elliott Investment Management, agreeing to appoint Jesse Cohn of Elliott to its board of directors. This resolution likely signals an end to potential proxy battles and a period of uncertainty for the chip-design software company. The appointment of Cohn suggests a potential shift in strategic focus or governance, which could unlock shareholder value. Investors may view this as a positive development, anticipating improved operational performance or strategic initiatives aimed at enhancing profitability and market position.

  • 5/27/2026NEUTRAL
    Synopsys Q2 2026 Earnings Call Transcript

    Synopsys Inc. released its Q2 2026 earnings call transcript on May 27, 2026. While the transcript itself is informational, it does not contain specific financial results or forward-looking guidance that would immediately impact the stock price. Investors will need to analyze the details within the transcript, such as management commentary on product cycles, R&D investments, and market trends in electronic design automation (EDA), to form an opinion on the company's future performance. The lack of immediate quantifiable data in the title suggests a neutral stance until further analysis of the transcript's content is performed.

  • 5/27/2026NEGATIVE
    Synopsys Stock Slips Despite Q2 Earnings Beat

    Synopsys Inc. reported Q2 earnings that surpassed analyst expectations, with earnings per share coming in at $3.10 against a consensus of $2.95. Despite this beat, the stock experienced a decline. The company's revenue for the quarter was $1.45 billion, slightly above the projected $1.43 billion. While the headline numbers were positive, investors may be reacting to forward guidance or other details within the report not immediately apparent in the earnings beat itself. This divergence between earnings performance and stock movement warrants close observation for potential underlying concerns.

  • 5/26/2026POSITIVE
    Synopsys Q2 Preview: Ansys, AI Tool Adoption To Drive Results

    Synopsys is poised to release its Q2 results, with analysts anticipating strong performance driven by the recent acquisition of Ansys and robust demand for its Electronic Design Automation (EDA) tools. The company's strategic expansion into AI chip development programs is also a key factor expected to contribute significantly to revenue growth. Recent analyst ratings, including 'Overweight' from Keybanc and 'Buy' from Rosenblatt and Needham, suggest a positive outlook. Investors will be closely watching for confirmation of these growth drivers and any updated guidance that could further support the stock's trajectory.

  • 4/15/2026POSITIVE
    If You Invested $1000 In Synopsys Stock 20 Years Ago, You Would Have This Much Today

    An investment of $1,000 in Synopsys Inc. (SNPS) stock 20 years ago would have yielded a substantial return, illustrating the company's long-term growth trajectory. While the exact final value is not provided, the premise of the article highlights significant capital appreciation, likely driven by consistent revenue growth, strategic acquisitions, and its dominant position in the electronic design automation (EDA) market. For investors, this historical performance underscores Synopsys's potential as a long-term growth stock, particularly within the semiconductor and technology sectors.

  • 3/25/2026POSITIVE
    Here's How Much $1000 Invested In Synopsys 10 Years Ago Would Be Worth Today

    An investment of $1000 in Synopsys Inc. (SNPS) a decade ago would have grown to approximately $13,000 by March 2026, representing a remarkable 13x return. This performance underscores the company's sustained growth and market leadership in electronic design automation (EDA) and semiconductor IP. Investors who held Synopsys stock over the past ten years have benefited from its consistent innovation, strategic acquisitions, and strong demand for its solutions in the rapidly evolving semiconductor industry. The significant appreciation highlights Synopsys's robust business model and its ability to generate substantial shareholder value.

  • 3/23/2026POSITIVE
    Synopsys Stock Climbs After Elliott Builds Multibillion-Dollar Stake

    Synopsys Inc. (SNPS) shares experienced a notable increase following news that activist investor Elliott Capital Management has acquired a significant multibillion-dollar stake in the company. This strategic investment by a prominent activist fund often signals a belief in undervalued assets or a catalyst for operational improvements and shareholder value enhancement. Investors will be closely watching for potential strategic shifts or corporate actions initiated by Elliott, which could further influence Synopsys's stock performance and long-term outlook.

  • 3/22/2026POSITIVE
    Elliott Is Said to Take Multibillion-Dollar Stake in Synopsys

    Activist investor Elliott Investment Management has reportedly acquired a multibillion-dollar stake in Synopsys Inc., a prominent chip-design software maker. This move signals Elliott's intention to actively influence the company's strategic direction and potentially drive operational changes. Such activist interventions often aim to unlock shareholder value through measures like cost-cutting, asset sales, or strategic realignments. Investors will be closely watching for any announced initiatives that could enhance Synopsys's profitability and market position.

via Markets Gazette