SYNOPSYS INC
SNPS · Services-Prepackaged Software · 191.5M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $597M (gross $1.2B, SBC $563M)
Reference price $458.96 · est. market cap ~$87.9B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80EDA leader with high gross margins and strong free cash flow; margins and earnings are temporarily depressed by the Ansys acquisition.
Strengths
- Strong free cash flow and growth — FCF $1.35B (87th), revenue +15.1%
- High gross margin — 77.0% (61st), net margin 18.9% (81st)
- Durable EDA-duopoly franchise — qualitative (per 10-K)
Risks
- Margins/earnings depressed by Ansys deal — operating margin 13.0% and net income -41.1% reflect acquisition costs
- Integration risk from the large Ansys acquisition — qualitative (per 10-K)
- Semiconductor-design-cycle dependence — qualitative (per 10-K)
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $3.0B cash & investments
- Notable holderHeld by 7 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +4 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP, RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$8M, last 6mo) Form 4 ↗
- Pending merger(Ansys) pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of January 15, 2024 (the Merger Agreement) by and among Synopsys, Ansys and ALTA Acquisition Corp
- China exposureThis was offset by weakness in our Design IP segment, due to several headwinds, including China export control restrictions, such as the Q3 2025 BIS Restrictions (as defined below), which disrupted cu
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
77.0%
Operating margin
13.0%
Net margin
18.9%
Return on equity
4.7%
Return on assets
2.8%
ROIC
1.7%
Revenue growth (QoQ)
-5.5%
Net-income growth
-41.1%
Debt / equity
0.5×
Net debt / EBITDA
6.7×
Current ratio
1.6×
Free cash flow
$1.3B
EBITDA
$1.6B
Tangible book value
-$11.3B
Cash & investments
$3.0B
Stock comp / revenue
12.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Glaser Shelagh | Option exercise | 1.3K | — |
| 2026-06-15 | Glaser Shelagh | Tax withheld | 436 | $454.38 |
| 2026-06-15 | Ghazi Sassine | Option exercise | 15K | $135.88 |
| 2026-06-15 | Ghazi Sassine | Sell | 15K | $458.96 |
| 2026-06-15 | Ghazi Sassine | Option exercise | 3.3K | — |
| 2026-06-15 | Ghazi Sassine | Tax withheld | 1.5K | $454.38 |
| 2026-06-15 | LEE JANET | Option exercise | 540 | — |
| 2026-06-15 | LEE JANET | Tax withheld | 235 | $454.38 |
| 2026-06-15 | Kankanwadi Sudhindra | Option exercise | 720 | — |
| 2026-06-15 | Kankanwadi Sudhindra | Tax withheld | 249 | $454.38 |
| 2026-06-15 | Ellow Michael | Option exercise | 4.0K | — |
| 2026-06-15 | Ellow Michael | Tax withheld | 2.0K | $454.38 |
| 2026-06-15 | Ellow Michael | Option exercise | 1.1K | — |
| 2026-06-15 | Ellow Michael | Tax withheld | 536 | $454.38 |
| 2026-06-15 | DE GEUS AART | Option exercise | 449 | — |
| 2026-06-15 | DE GEUS AART | Tax withheld | 156 | $454.38 |
| 2026-06-12 | Glaser Shelagh | Sell | 3.4K | $450.02 |
| 2026-06-01 | LEE JANET | Option exercise | 699 | — |
| 2026-06-01 | LEE JANET | Tax withheld | 304 | $492.29 |
| 2026-06-01 | Cohn Jesse | Grant | 710 | — |
| 2026-06-01 | Cohn Jesse | Grant | 372 | — |
| 2026-05-16 | LEE JANET | Option exercise | 729 | — |
| 2026-05-16 | LEE JANET | Tax withheld | 318 | $502.42 |
| 2026-04-16 | Shimer Peter A | Grant | 453 | — |
| 2026-04-16 | Vijayaraghavan Ravi K | Grant | 453 | — |
| 2026-04-16 | PAINTER ROBERT G | Grant | 453 | — |
| 2026-04-16 | Sargent Jeannine P | Grant | 453 | — |
| 2026-04-16 | JOHNSON MERCEDES | Grant | 453 | — |
| 2026-04-16 | CHAFFIN JANICE | Grant | 453 | — |
| 2026-04-16 | SCHWARZ JOHN | Grant | 453 | — |
| 2026-04-16 | CHIZEN BRUCE R | Grant | 453 | — |
| 2026-03-15 | Glaser Shelagh | Tax withheld | 282 | $412.63 |
| 2026-03-15 | Glaser Shelagh | Option exercise | 793 | — |
| 2026-03-15 | Ghazi Sassine | Option exercise | 1.3K | — |
| 2026-03-15 | Ghazi Sassine | Tax withheld | 458 | $412.63 |
| 2026-03-15 | Kankanwadi Sudhindra | Option exercise | 793 | — |
| 2026-03-15 | Kankanwadi Sudhindra | Tax withheld | 288 | $412.63 |
| 2026-03-15 | DE GEUS AART | Option exercise | 1.8K | — |
| 2026-03-15 | DE GEUS AART | Tax withheld | 630 | $412.63 |
| 2026-03-03 | LEE JANET | Option exercise | 292 | — |
| 2026-03-03 | LEE JANET | Tax withheld | 127 | $424.32 |
| 2026-03-01 | LEE JANET | Option exercise | 699 | — |
| 2026-03-01 | LEE JANET | Tax withheld | 304 | $414.00 |
| 2026-02-27 | Shimer Peter A | Grant | 80 | — |
| 2026-02-27 | Ghazi Sassine | Other | 28 | $351.90 |
| 2026-02-27 | Shimer Peter A | Grant | 845 | — |
| 2026-02-27 | Kankanwadi Sudhindra | Other | 28 | $351.90 |
| 2026-02-27 | DE GEUS AART | Other | 28 | $351.90 |
| 2026-02-27 | Glaser Shelagh | Other | 28 | $351.90 |
| 2026-02-16 | LEE JANET | Option exercise | 2.9K | — |
| 2026-02-16 | LEE JANET | Tax withheld | 921 | $437.09 |
| 2026-01-12 | LEE JANET | Sell | 250 | $530.00 |
| 2026-01-07 | LEE JANET | Sell | 250 | $510.00 |
| 2025-12-31 | LEE JANET | Option exercise | 702 | — |
| 2025-12-31 | LEE JANET | Tax withheld | 306 | $469.72 |
| 2025-12-31 | LEE JANET | Option exercise | 1.9K | — |
| 2025-12-31 | LEE JANET | Tax withheld | 815 | $469.72 |
| 2025-12-31 | LEE JANET | Option exercise | 1.9K | — |
| 2025-12-31 | LEE JANET | Tax withheld | 815 | $469.72 |
| 2025-12-31 | LEE JANET | Option exercise | 937 | — |
| 2025-12-31 | LEE JANET | Tax withheld | 408 | $469.72 |
| 2025-12-19 | Glaser Shelagh | Option exercise | 1.0K | $354.45 |
| 2025-12-19 | Glaser Shelagh | Sell | 1.0K | $460.77 |
| 2025-12-19 | Glaser Shelagh | Option exercise | 2.6K | $348.17 |
| 2025-12-19 | Glaser Shelagh | Sell | 2.6K | $460.77 |
| 2025-12-08 | Glaser Shelagh | Tax withheld | 1.8K | $465.75 |
| 2025-12-08 | Glaser Shelagh | Option exercise | 3.6K | — |
| 2025-12-08 | Glaser Shelagh | Option exercise | 662 | — |
| 2025-12-08 | Glaser Shelagh | Tax withheld | 329 | $465.75 |
| 2025-12-08 | Glaser Shelagh | Option exercise | 759 | — |
| 2025-12-08 | Glaser Shelagh | Tax withheld | 377 | $465.75 |
| 2025-12-08 | Ghazi Sassine | Option exercise | 1.1K | — |
| 2025-12-08 | Ghazi Sassine | Tax withheld | 525 | $465.75 |
| 2025-12-08 | Ghazi Sassine | Option exercise | 1.7K | — |
| 2025-12-08 | Ghazi Sassine | Tax withheld | 821 | $465.75 |
| 2025-12-08 | Ghazi Sassine | Option exercise | 2.3K | — |
| 2025-12-08 | Ghazi Sassine | Tax withheld | 1.1K | $465.75 |
| 2025-12-08 | Kankanwadi Sudhindra | Option exercise | 740 | — |
| 2025-12-08 | Kankanwadi Sudhindra | Tax withheld | 367 | $465.75 |
| 2025-12-08 | Kankanwadi Sudhindra | Option exercise | 562 | — |
| 2025-12-08 | Kankanwadi Sudhindra | Tax withheld | 279 | $465.75 |
| 2025-12-08 | Kankanwadi Sudhindra | Option exercise | 1.0K | — |
| 2025-12-08 | Kankanwadi Sudhindra | Tax withheld | 502 | $465.75 |
| 2025-12-08 | DE GEUS AART | Option exercise | 1.2K | — |
| 2025-12-08 | DE GEUS AART | Tax withheld | 612 | $465.75 |
| 2025-12-08 | DE GEUS AART | Option exercise | 882 | — |
| 2025-12-08 | DE GEUS AART | Tax withheld | 438 | $465.75 |
| 2025-12-08 | DE GEUS AART | Option exercise | 626 | — |
| 2025-12-08 | DE GEUS AART | Tax withheld | 311 | $465.75 |
| 2025-12-03 | LEE JANET | Tax withheld | 128 | $466.44 |
| 2025-12-03 | LEE JANET | Option exercise | 293 | — |
| 2025-12-01 | LEE JANET | Option exercise | 699 | — |
| 2025-12-01 | LEE JANET | Tax withheld | 304 | $438.29 |
| 2025-09-22 | Kankanwadi Sudhindra | Sell | 9.9K | $500.90 |
| 2025-09-22 | Kankanwadi Sudhindra | Option exercise | 9.9K | $89.76 |
| 2025-09-19 | Kankanwadi Sudhindra | Option exercise | 6.0K | $89.76 |
| 2025-09-19 | Kankanwadi Sudhindra | Sell | 6.0K | $482.00 |
| 2025-09-11 | Vijayaraghavan Ravi K | Grant | 798 | — |
| 2025-09-11 | PAINTER ROBERT G | Buy | 350 | $425.44 |
| 2025-09-11 | Vijayaraghavan Ravi K | Grant | 342 | — |
| 2025-09-11 | Gopal Ajei | Grant | 342 | — |
| 2025-09-11 | Gopal Ajei | Grant | 798 | — |
| 2025-09-05 | Glaser Shelagh | Option exercise | 2.6K | $348.17 |
| 2025-09-05 | Glaser Shelagh | Sell | 2.6K | $609.77 |
| 2025-09-05 | Glaser Shelagh | Option exercise | 1.0K | $354.45 |
| 2025-09-05 | Glaser Shelagh | Sell | 1.0K | $609.77 |
| 2025-09-03 | LEE JANET | Option exercise | 293 | — |
| 2025-09-03 | LEE JANET | Tax withheld | 128 | $592.12 |
| 2025-09-02 | Ghazi Sassine | Sell | 11K | $589.01 |
| 2025-09-02 | Ghazi Sassine | Option exercise | 11K | $89.76 |
| 2025-09-01 | LEE JANET | Tax withheld | 305 | $603.52 |
| 2025-09-01 | LEE JANET | Option exercise | 700 | — |
| 2025-08-29 | Ghazi Sassine | Other | 26 | $376.77 |
| 2025-08-29 | Glaser Shelagh | Other | 26 | $376.77 |
| 2025-08-29 | Kankanwadi Sudhindra | Other | 26 | $376.77 |
| 2025-08-29 | DE GEUS AART | Other | 26 | $376.77 |
| 2025-08-29 | MAHONEY RICHARD S. | Other | 26 | $376.77 |
| 2025-07-31 | Gopal Ajei | Option exercise | 6.0K | — |
| 2025-07-31 | Gopal Ajei | Tax withheld | 2.4K | $633.47 |
| 2025-07-31 | Gopal Ajei | Option exercise | 28K | — |
| 2025-07-31 | Gopal Ajei | Tax withheld | 11K | $633.47 |
| 2025-07-31 | Gopal Ajei | Option exercise | 47K | — |
| 2025-07-31 | Gopal Ajei | Tax withheld | 18K | $633.47 |
| 2025-07-31 | Gopal Ajei | Option exercise | 37K | — |
| 2025-07-31 | Gopal Ajei | Tax withheld | 15K | $633.47 |
| 2025-06-18 | MAHONEY RICHARD S. | Sell | 4.9K | $471.19 |
| 2025-06-18 | MAHONEY RICHARD S. | Option exercise | 2.9K | $319.20 |
| 2025-06-18 | MAHONEY RICHARD S. | Sell | 2.9K | $471.27 |
| 2025-06-18 | MAHONEY RICHARD S. | Option exercise | 1.2K | $354.45 |
| 2025-06-18 | MAHONEY RICHARD S. | Sell | 1.2K | $471.18 |
| 2025-06-15 | MAHONEY RICHARD S. | Tax withheld | 3.4K | $478.86 |
| 2025-06-15 | MAHONEY RICHARD S. | Option exercise | 7.8K | — |
| 2025-06-06 | Glaser Shelagh | Sell | 2.1K | $485.72 |
| 2025-06-06 | Glaser Shelagh | Option exercise | 5.2K | $348.17 |
| 2025-06-06 | Glaser Shelagh | Sell | 5.2K | $485.72 |
| 2025-06-06 | Glaser Shelagh | Option exercise | 2.1K | $354.45 |
| 2025-06-02 | Ghazi Sassine | Option exercise | 11K | $89.76 |
| 2025-06-02 | Ghazi Sassine | Sell | 11K | $457.93 |
| 2025-04-10 | SCHWARZ JOHN | Grant | 491 | — |
| 2025-04-10 | Sargent Jeannine P | Grant | 491 | — |
| 2025-04-10 | PAINTER ROBERT G | Grant | 491 | — |
| 2025-04-10 | JOHNSON MERCEDES | Grant | 491 | — |
| 2025-04-10 | CHIZEN BRUCE R | Grant | 491 | — |
| 2025-04-10 | CHAFFIN JANICE | Grant | 491 | — |
| 2025-04-10 | Borgen Luis | Grant | 491 | — |
| 2025-03-15 | RUNKEL JOHN F JR | Tax withheld | 151 | $446.23 |
| 2025-03-15 | Kankanwadi Sudhindra | Option exercise | 794 | — |
| 2025-03-15 | Kankanwadi Sudhindra | Tax withheld | 286 | $446.23 |
| 2025-03-15 | RUNKEL JOHN F JR | Option exercise | 406 | — |
| 2025-03-15 | MAHONEY RICHARD S. | Option exercise | 794 | — |
| 2025-03-15 | MAHONEY RICHARD S. | Tax withheld | 346 | $446.23 |
| 2025-03-15 | Glaser Shelagh | Option exercise | 794 | — |
| 2025-03-15 | Glaser Shelagh | Tax withheld | 281 | $446.23 |
| 2025-03-15 | Ghazi Sassine | Option exercise | 1.3K | — |
| 2025-03-15 | Ghazi Sassine | Tax withheld | 656 | $446.23 |
| 2025-03-15 | DE GEUS AART | Option exercise | 1.8K | — |
| 2025-03-15 | DE GEUS AART | Tax withheld | 875 | $446.23 |
| 2025-03-06 | DE GEUS AART | Option exercise | 16K | $89.76 |
| 2025-03-06 | DE GEUS AART | Sell | 16K | $444.42 |
| 2025-03-03 | Ghazi Sassine | Option exercise | 11K | $89.76 |
| 2025-03-03 | Ghazi Sassine | Sell | 11K | $463.75 |
| 2025-02-28 | RUNKEL JOHN F JR | Other | 25 | $388.69 |
| 2025-02-28 | Glaser Shelagh | Other | 32 | $306.87 |
| 2025-02-28 | DE GEUS AART | Other | 25 | $388.69 |
| 2025-02-28 | Ghazi Sassine | Other | 25 | $388.69 |
| 2025-02-28 | Kankanwadi Sudhindra | Other | 25 | $388.69 |
| 2025-02-28 | MAHONEY RICHARD S. | Other | 25 | $388.69 |
| 2025-01-15 | MAHONEY RICHARD S. | Option exercise | 10K | $319.20 |
| 2025-01-15 | MAHONEY RICHARD S. | Sell | 10K | $505.99 |
| 2025-01-15 | MAHONEY RICHARD S. | Option exercise | 4.2K | $354.45 |
| 2025-01-15 | MAHONEY RICHARD S. | Sell | 4.2K | $505.97 |
| 2025-01-15 | MAHONEY RICHARD S. | Sell | 6.3K | $506.07 |
| 2025-01-14 | RUNKEL JOHN F JR | Gift | 40 | — |
| 2025-01-14 | Ghazi Sassine | Gift | 450 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-27 | ResultsExhibits | filing ↗ |
| 2026-05-27 | Material agreementExec/director changeReg FD | filing ↗ |
| 2026-04-20 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-03-02 | OtherExhibits | filing ↗ |
| 2026-02-25 | ResultsOtherExhibits | filing ↗ |
| 2026-02-19 | Exec/director changeReg FD | filing ↗ |
| 2025-12-10 | ResultsExhibits | filing ↗ |
| 2025-12-01 | 3.02Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-27 | 2026-04-30 | 0000883241-26-000018 ↗ |
| 8-K | 2026-05-27 | 2026-05-27 | 0001193125-26-241911 ↗ |
| 8-K | 2026-05-27 | 2026-05-26 | 0001193125-26-241920 ↗ |
| 8-K | 2026-04-20 | 2026-04-16 | 0001193125-26-164085 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001193125-26-084396 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-071601 ↗ |
| 10-Q | 2026-02-25 | 2026-01-31 | 0000883241-26-000014 ↗ |
| 8-K | 2026-02-19 | 2026-02-14 | 0001193125-26-059438 ↗ |
| 10-K | 2025-12-22 | 2025-10-31 | 0000883241-25-000028 ↗ |
| 8-K | 2025-12-10 | 2025-12-10 | 0001193125-25-314200 ↗ |
| 8-K | 2025-12-01 | 2025-12-01 | 0001193125-25-303209 ↗ |
| 8-K | 2025-11-12 | 2025-11-09 | 0001193125-25-276232 ↗ |