Synopsys Inc Stock Price, News & Analysis

Synopsys (Nasdaq: SNPS) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Application Security Testing for the fifth consecutive year. The evaluation, which focused on the ability to execute and completeness of vision, placed Synopsys highest for execution and furthest right for vision. The report highlights the growing demand for security solutions that integrate seamlessly into development processes. Synopsys has introduced several new offerings, including the Intelligent Orchestration solution, designed to enhance application security in DevOps environments.

On June 1, 2021, Synopsys (Nasdaq: SNPS) announced that its DesignWare IP solutions have achieved significant adoption in the semiconductor industry, enabling first-pass silicon successes for over 20 major customers using TSMC's N5 process. This solution helps clients with stringent power, performance, and area requirements across various sectors, including automotive and AI. TSMC's collaboration with Synopsys showcases the value of their high-quality IP, allowing designers to efficiently bring products to market while minimizing integration risks.

Synopsys, Inc. (Nasdaq: SNPS) announced the launch of its DesignWare PVT monitoring and sensing subsystem IP optimized for TSMC's N3 process technology. This innovative subsystem addresses critical performance and power challenges in AI, HPC, consumer, and 5G markets. It provides real-time insights into chip performance and power activity, essential for advanced semiconductor designs. The subsystem is part of Synopsys' Silicon Lifecycle Management platform and features a modular design with advanced thermal sensors, enhancing chip reliability and optimization.

Synopsys has announced certification of its digital and custom design solutions for TSMC's 3nm process technology. This achievement comes after extensive collaboration focusing on optimizing power, performance, and area (PPA) for applications in high-performance computing, mobile, 5G, and AI. The certification confirms that Synopsys' tools can effectively meet the design needs associated with TSMC's latest technology, helping customers achieve greater design success and efficiency. This announcement underlines the strong partnership between Synopsys and TSMC.

On May 25, 2021, Synopsys (SNPS) announced significant advancements with early adopters of Arm's Cortex CPUs and Mali GPUs, utilizing the Fusion Design Platform. This initiative enhances power-performance-area (PPA) targets and accelerates tape-out success. The Verification Continuum Platform further streamlines software development for Arm-based designs, while the DesignWare Interface IP portfolio supports swift development of SoCs for consumer applications. Through these collaborations, Synopsys aims to optimize performance and efficiency in next-generation devices leveraging Arm's architectural innovations.

Synopsys reported second quarter fiscal 2021 revenue of $1,024.3 million, a significant increase from $861.3 million in the same period last year. Net income on a GAAP basis rose to $195.1 million or $1.24 per share, compared to $109.9 million or $0.71 per share in Q2 2020. Non-GAAP net income also increased to $267.1 million or $1.70 per share. The company raised its fiscal 2021 revenue, non-GAAP earnings, and operating margin targets, driven by strong market demand and innovative technology advancements.

Synopsys (Nasdaq: SNPS) announced the expansion of its Technology Alliance Partner (TAP) program at the RSA Conference, showcasing integrations between its Intelligent Orchestration solution and tools from partners like CloudBees and GitHub Actions. The TAP program simplifies integration of application security solutions for over 40 DevOps vendors, allowing automated security controls within existing toolchains. Recognized by Gartner and Forrester, Synopsys aims to enhance application security while maintaining development velocity through these partnerships.

Synopsys, Inc. (Nasdaq: SNPS) announced that CFO Trac Pham will present at the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 2:10 p.m. ET. The presentation can be accessed via live webcast through the Synopsys corporate website. A replay will be available one hour after the event and will remain accessible for 30 days. Synopsys is a leader in electronic design automation and offers a comprehensive portfolio for software applications and semiconductor development.

Synopsys, Inc. (Nasdaq: SNPS) announced transformative advancements in emulation technology with the introduction of the ZeBu EP1, the first 10 MHz emulation solution, and ZeBu Empower, a power-aware emulation system. These innovations boost performance in hardware and software verification for complex system-on-chips (SoCs) across various sectors including HPC, 5G, AI, and automotive. The enhancements include a significant emulation throughput gain and tools designed for multi-billion gate designs, underscoring Synopsys' leadership in verification hardware.