Synopsys Stock Gains After Q2 Results Tops Estimates, Raised FY22 Guidance

Synopsys, Inc. (NASDAQ:SNPS) reported second-quarter revenue growth of 25% year-over-year to $1.28 billion, beating the consensus of $1.26 billion.

The gross margin expanded by 113 bps to 80.2%. The operating income improved by 87.3% Y/Y to $363.7 million, and the margin expanded by 950 bps to 28.4%. The adjusted segment operating margin for Q2 was 36.8%, up from 31% in 2Q21.