Synopsys Initiates $250 Million Accelerated Share Repurchase Agreement

Synopsys (Nasdaq: SNPS) entered an accelerated share repurchase (ASR) with The Bank of Nova Scotia to repurchase $250 million of stock.

Rhea-AI Summary

Synopsys (Nasdaq: SNPS) entered an accelerated share repurchase (ASR) with The Bank of Nova Scotia to repurchase $250 million of stock.

Synopsys will receive an initial delivery of approximately 513,000 shares, with any remaining shares to be settled on or before June 1, 2026, based on VWAP during the repurchase period less a discount.

Positive

• $250M ASR signals a sizable shareholder return program
• Initial delivery of ~513,000 shares reduces outstanding float immediately

Negative

• Commits $250M of capital to share repurchases, limiting other cash uses

Argus Mar 2 session

+2.57% close to close Open Argus

Details

News Market Reaction – SNPS

On Mar 2, the day this news came out, SNPS closed 2.57% above the previous close.

Data tracked by StockTitan Argus for the Mar 2 session.

Key Figures

ASR size: $250 million Initial share delivery: approximately 513,000 shares ASR settlement deadline: June 1, 2026 +1 more

ASR size

$250 million

Aggregate Synopsys stock to be repurchased under ASR

Initial share delivery

approximately 513,000 shares

Initial shares delivered to Synopsys under ASR terms

ASR settlement deadline

June 1, 2026

Final settlement date for any remaining ASR shares

Pricing basis

Average daily volume-weighted average price, less a discount

Formula for determining total ASR share count

Historical Context

5 past events · Latest: Feb 25

5 events

1. Feb 25

   Q1 2026 earnings

   24h Move

   -5.2%

   Strong Q1 revenue and EPS with reiterated full-year targets and buyback.

2. Feb 19

   Board changes

   24h Move

   -0.6%

   Appointment of Peter Shimer and planned board transitions amid Ansys integration.

3. Feb 05

   Partner update

   24h Move

   -2.0%

   Edgewater Wireless corporate update highlighting partnerships and technology progress.

4. Jan 27

   Earnings date set

   24h Move

   +1.7%

   Announcement of Q1 fiscal 2026 earnings release and conference call timing.

5. Jan 20

   Conference launch

   24h Move

   +2.1%

   Launch of Converge Conference to showcase silicon-to-systems strategy and products.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

accelerated share repurchase agreement, asr, volume-weighted average share prices

3 terms

accelerated share repurchase agreement financial

"it has entered into an accelerated share repurchase agreement (ASR) with The Bank of Nova Scotia"

An accelerated share repurchase agreement is a deal where a company quickly buys back its own shares by paying a financial institution up front, while the institution delivers shares it borrows and settles the exact quantity later based on market prices. For investors this matters because it immediately reduces the number of shares outstanding and can boost per-share earnings, change cash and leverage levels, and signal management’s view on the stock’s value.

asr financial

"it has entered into an accelerated share repurchase agreement (ASR) with The Bank of Nova Scotia"

An ASR (Accelerated Share Repurchase) is a deal where a company buys back a large block of its own shares quickly by contracting with a bank: the company pays up front and the bank delivers shares immediately, later settling the exact amount over time. Investors care because it reduces the number of shares on the market—like reducing the number of slices in a pie—which can boost per-share earnings and often supports the stock price, while shifting some execution risk to the bank.

volume-weighted average share prices technical

"based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period"

The volume-weighted average share price (VWAP) is the average price of a stock over a set period where each trade’s price is weighted by how many shares changed hands, so large trades count more than small ones. Think of it like the average price paid per item in a crowded market where big purchases move the average more. Investors use VWAP to judge whether a trade was made at a fair price, to benchmark performance, and to gauge where most trading activity — and thus true market value — occurred.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SUNNYVALE, Calif., March 2, 2026 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that it has entered into an accelerated share repurchase agreement (ASR) with The Bank of Nova Scotia to repurchase an aggregate of $250 million of Synopsys stock.

Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery of approximately 513,000 shares, with the remainder, if any, to be settled on or before June 1, 2026, upon completion of the repurchases. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period, less a discount.

About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. We deliver industry-leading silicon design, IP, simulation and analysis solutions, and design services. We partner closely with our customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com. 

 © 2026 Synopsys, Inc. All rights reserved. Synopsys, Ansys, the Synopsys and Ansys logos, and other Synopsys trademarks are available at https://www.synopsys.com/company/legal/trademarks-brands.html. Other company or product names may be trademarks of their respective owners.

Forward-Looking Statements
This press release contains certain forward-looking statements regarding the expected settlement of the ASR. These statements involve risks, uncertainties, and other factors that could cause our actual results, timeframes, or achievements to differ materially from those expressed or implied in such forward-looking statements. Such risks, uncertainties and factors include but are not limited to the market price of Synopsys common stock during the repurchase period; the ability of The Bank of Nova Scotia to buy or borrow shares of Synopsys common stock; the impact of global and regional economic and market conditions, including illiquidity and other risks of instability in the banking and financial services industry; and the risks more fully described in filings Synopsys makes with the SEC from time to time, including in the sections entitled "Risk Factors" in Synopsys' latest Annual Report on Form 10-K and latest Quarterly Reports on Form 10-Q. Synopsys undertakes no duty to, and does not intend to, update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law.

INVESTOR CONTACT:
Tushar Jain
Synopsys, Inc.
650-584-4289
Synopsys-ir@synopsys.com

EDITORIAL CONTACT:
Cara Walker
Synopsys, Inc.
650-584-5000
corp-pr@synopsys.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/synopsys-initiates-250-million-accelerated-share-repurchase-agreement-302700527.html

SOURCE Synopsys, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Synopsys (SNPS) announce on March 2, 2026 regarding share repurchases?

Synopsys announced a $250 million accelerated share repurchase (ASR) with Bank of Nova Scotia on March 2, 2026. According to the company, the ASR includes an initial delivery of approximately 513,000 shares and final settlement, if any, by June 1, 2026.

How many shares will Synopsys (SNPS) receive initially under the $250M ASR?

Synopsys will receive an initial delivery of approximately 513,000 shares under the ASR. According to the company, the remainder, if any, will be settled on or before June 1, 2026 based on VWAP during the repurchase period.

When will the Synopsys (SNPS) accelerated share repurchase be completed?

The ASR settlement will be completed on or before June 1, 2026 per the agreement terms. According to the company, final share amounts depend on the average daily VWAP during the repurchase period, less a discount.

How is the final number of shares determined for Synopsys (SNPS) $250M ASR?

The final share count is based on Synopsys' volume-weighted average price (VWAP) during the repurchase period, less a discount. According to the company, the VWAP calculation determines final settlement, so delivered shares may differ from initial delivery.