Synopsys, Inc. (SNPS)
Synopsys, Inc. (SNPS) Q2 2024 Earnings Call Transcript
Synopsys, Inc. (NASDAQ:SNPS ) Q2 2024 Earnings Conference Call May 22, 2024 5:00 PM ET Company Participants Trey Campbell - Senior Vice President, Investor Relations Sassine Ghazi - President and Chief Executive Officer Shelagh Glaser - Chief Financial Officer Conference Call Participants Joseph Vruwink - Baird Equity Research Jason Celino - KeyBanc Charles Shi - Needham Joshua Tilton - Wolfe Research Gary Mobley - Wells Fargo Securities Lee Simpson - Morgan Stanley Jay Vleeschhouwer - Griffin Securities Gianmarco Conti - Deutsche Bank Clarke Jeffries - Piper Sandler Blair Abernethy - Rosenblatt Securities Operator Ladies and gentlemen, welcome to the Synopsys Earnings Conference Call for the Second Quarter Fiscal Year 2024. At this time, all participants are in a listen-only mode.
Here's What Key Metrics Tell Us About Synopsys (SNPS) Q2 Earnings
While the top- and bottom-line numbers for Synopsys (SNPS) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Synopsys (SNPS) Q2 Earnings and Revenues Lag Estimates
Synopsys (SNPS) came out with quarterly earnings of $3 per share, missing the Zacks Consensus Estimate of $3.03 per share. This compares to earnings of $2.54 per share a year ago.
Synopsys lifts annual forecast on AI boom driving demand for chip design software
Synopsys raised its annual revenue and profit forecast on Wednesday in anticipation of robust demand for its software to design advanced chips driving artificial intelligence applications.
Wall Street Analysts Think Synopsys (SNPS) Is a Good Investment: Is It?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Unveiling Synopsys (SNPS) Q2 Outlook: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Synopsys (SNPS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
