Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 184

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 8
Chunk 184
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 than expected demand from a major foundry customer, and certain roadmap and resource decisions that did not yield their intended results. In response to this weakness in our Design IP segment, we will be taking actions to sharpen our execution and reallocate resources to the highest growth opportunities. 

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The following table sets forth some of our key quarterly unaudited financial information: 

Three Months Ended July 31,Nine Months Ended July 31,2025*20242025*2024(in millions, except per share amounts)Revenue$1,739.7 $1,525.7 $4,799.3 $4,491.5 Cost of revenue$380.6 $290.7 $968.9 $870.3 Operating expenses$1,193.9 $874.9 $3,036.9 $2,576.3 Operating income$165.3 $360.2 $793.5 $1,044.9 Net income from continuing operations attributed to Synopsys$242.5 $425.9 $887.4 $1,162.4 Net income (loss) from discontinued operations attributed to Synopsys$— $(17.8)$(3.9)$(13.2)Diluted net income (loss) per share attributed to Synopsys:Continuing operations$1.50 $2.73 $5.61 $7.46 Discontinued operations$— $(0.12)$(0.02)$(0.09)

*The operating results of Ansys, which have been included in our financial results for the three and nine months ended July 31, 2025 for the period from July 17, 2025 through July 31, 2025, were not material to our overall results.

Financial performance summary for the three months ended July 31, 2025 compared to the same period of fiscal 2024: 

•Revenues were $1.7 billion, an increase of $214.0 million or 14%, primarily due to revenue growth across a majority of products and geographies, offset by weakness in our Design IP segment due to several headwinds, including China export control restrictions, such as the Q3 2025 BIS Restrictions, weaker than expected demand from a major foundry customer, and certain roadmap and resource decisions that did not yield their intended results.