UPDATE: Synopsys (SNPS) Tops Q4 EPS by 1c; Offers FY21 EPS/Revenue Guidance Above Consensus, 1Q EPS Views Above Consensus, 1Q Revs Below Consensus

(Updated - December 2, 2020 4:10 PM EST)

Synopsys (NASDAQ: SNPS) reported Q4 EPS of $1.58, $0.01 better than the analyst estimate of $1.57. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.03 billion.

Q4 FY 2020 Financial Highlights

• Revenue: $1.025 billion
• GAAP earnings per share: $1.26
• Non-GAAP earnings per share: $1.58

FY 2020 Financial Highlights

• Revenue: $3.685 billion
• GAAP earnings per share: $4.27
• Non-GAAP earnings per share: $5.55
• Cash flow from operations: $991.3 million
• Cash and cash equivalents: $1.236 billion

"Synopsys is entering fiscal 2021 with considerable financial, technology and customer momentum as we substantially exceeded our original plan, with excellent growth in revenue, non-GAAP operating margin and earnings, and operating cash flow. Given the unprecedented macro challenges in 2020, it is with particular gratitude that we thank our customers, partners, and the entire Synopsys team for this outcome," said Aart de Geus, chairman and co-CEO of Synopsys. "Looking forward, market demand is strong, fueled by complex technologies and a multitude of high-profile verticals. Our innovation engine continues to deliver highly advanced capabilities throughout the portfolio. In fiscal 2021, we aim to surpass $4 billion in revenue, with continued non-GAAP operating margin expansion, low-to-mid teens non-GAAP earnings per share growth, and more than $1 billion in operating cash flow."

GUIDANCE:

Synopsys sees Q1 2021 EPS of $1.44-$1.49, versus the consensus of $1.43. Synopsys sees Q1 2021 revenue of $935-965 million, versus the consensus of $968.93 million.

Synopsys sees FY2021 EPS of $6.23-$6.30, versus the consensus of $6.16. Synopsys sees FY2021 revenue of $4-5 billion, versus the consensus of $3.98 billion.

For earnings history and earnings-related data on Synopsys (SNPS) click here.

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