Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 74

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 74
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, S&A solutions, system integration products and services, digital, custom and field programmable gate array (FPGA) IC design software, verification software and hardware products, manufacturing software products and other; and (2) Design IP, which includes our interface, foundation, security, and embedded processor IP, IP subsystems, and IP implementation services.We completed our assessment of our organizational structure after the Ansys Merger and concluded that Ansys will be included within our Design Automation segment based on how our CODM will evaluate the financial results in making operational decisions, allocating resources and assessing performance.The financial information provided to and used by the CODM to assist in making operational decisions, allocating resources, and assessing performance includes consolidated financial information as well as revenue, adjusted operating income, and adjusted operating margin information for the Design Automation and Design IP segments, accompanied by disaggregated information relating to revenue by geographic region. The Software Integrity business constituted its own reportable segment under Topic 280. In accordance with applicable accounting guidance, the results of the Software Integrity business were presented as discontinued operations in the condensed consolidated statements of income and, as such, have been excluded from both continuing operations and segment results for all periods presented. See Note 3. Discontinued Operations of the Notes to Condensed Consolidated Financial Statements.

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Information by reportable segment is as follows: Three Months Ended  July 31,Nine Months Ended  July 31, 2025202420252024 (in thousands)Total Segments:Revenue$1,739,737 $1,525,749 $4,799,318 $4,491,450 Adjusted operating income669,778 610,589 1,810,265 1,758,823 Adjusted operating margin38 %40 %38 %39 %Design Automation:Revenue$1,312,166 $1,062,666 $3,454,617 $3,102,938 Adjusted operating income583,755 440,864 1,447,181 1,218,574 Adjusted operating margin44 %41 %42 %39 %Design IP:Revenue$427,571 $463,083 $1,344,701 $1,388,512 Adjusted operating income86,023 169,725 363,084 540,249 Adjusted operating margin20 %37 %27 %39 %Certain operating expenses are not allocated