Synopsys Shares Rise 10% on Strong Growth Outlook and AI Deals
Synopsys shares rose 10% after the chip-design software company forecast fiscal 2027 revenue between $11.10 billion and $11.20 billion, surpassing analysts' $10.81 billion estimate. Earnings per share are expected at $19.04 to $19.12, above the $17.81 estimate. The company announced deals with OpenAI and AWS, plans to buy back $1 billion in shares, and targets 15% annual revenue growth through 2030 with a 50% operating margin.
ET Tech··New York


