Synopsys lifts annual forecast on AI boom driving demand for chip design software [Yahoo! Finance]
Synopsys, Inc. (SNPS)
Last synopsys, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
robust demand for its software to design advanced chips driving artificial intelligence applications. The AI-boom has boosted investments in custom design of chips as tech firms are racing to dominate the lucrative technology with new innovations, triggering demand for companies such as Synopsys. Chief Executive Sassine Ghazi said demand for the company's core products remained strong, with revenue from them expected to grow 15% this year as customers design their own chips for AI and other purposes. Semiconductor firms continue to invest in research and design and turn to the company's AI-powered electronic design automation suite, Synopsys.ai, in a bid to ace and improve complex chip designs. The company raised its annual revenue forecast in a range of $6.09 billion to $6.15 billion, compared with its prior expectations of $6.06 billion to $6.12 billion. It now expects annual adjusted earnings per share between $12.90 and $12.98 from its earlier forecast of $12.86 and $12.
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News
- AdaCore Supports the Safety-Critical Rust Consortium [Yahoo! Finance]Yahoo! Finance
- Synopsys Certifies AI-Lead Design And IP Solutions For Samsung's 2nm [Forbes]Forbes
- Synopsys Achieves Certification of its AI-driven Digital and Analog Flows and IP on Samsung Advanced SF2 GAA Process [Yahoo! Finance]Yahoo! Finance
- Synopsys Achieves Certification of its AI-driven Digital and Analog Flows and IP on Samsung Advanced SF2 GAA ProcessPR Newswire
- Synopsys, Inc.'s (NASDAQ:SNPS) Stock Been Rising: Are Strong Financials Guiding The Market? [Yahoo! Finance]Yahoo! Finance
SNPS
Earnings
- 5/22/24 - Beat
SNPS
Sec Filings
- 6/12/24 - Form 4
- 6/10/24 - Form 144
- 5/30/24 - Form SD
- SNPS's page on the SEC website