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Kritika Sarmah

Here's What to Expect From Synopsys' Next Earnings Report

Synopsys, Inc. (SNPS), based in California, is a renowned provider of electronic design automation (EDA) software for the semiconductor and electronics industries. It also offers a comprehensive suite of tools for chip design, including logic synthesis, functional verification, and physical design. Its market cap currently stands at $76.9 billion. Synopsys is scheduled to release its fiscal 2024 Q4 earnings results on Dec. 4.

Ahead of the event, analysts expect Synopsys to report a profit of $2.41 per share, up 6.6% from $2.26 per share in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of the last four quarters. Its EPS of $2.54 for the last reported quarter surpassed the consensus estimate by 7.2%.

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