$SNPS reported earnings on May 27, 2026. The headline numbers pulled in opposite directions: revenue grew 65.5% year-over-year, a substantial top-line expansion for an enterprise software and EDA company. At the same time, earnings per share fell 82.0% year-over-year, a sharp drop that signals costs, one-time items, or accounting effects absorbed most of that revenue gain before it reached the bottom line.
At the time of reporting, $SNPS trades at $524.99 with a market cap of $100.75B. The trailing P/E sits at 120.3, which reflects the compressed earnings base after that EPS decline. The forward P/E of 30.8 is a much tighter figure, suggesting the market expects earnings to recover materially over the next twelve months. The gap between those two multiples — 120.3 trailing versus 30.8 forward — is wide, and it tells you the current earnings picture is not what analysts expect the steady-state to look like.
The analyst consensus price target is $544.99, roughly 3.8% above the current price of $524.99. The stock pays no dividend.
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The ACCE score for $SNPS is 62 out of 100.
What it means
The revenue jump is hard to ignore. A 65.5% year-over-year increase is not organic growth at the margin — it reflects either a major acquisition closing into the revenue base, a significant product cycle, or both. Synopsys completed its acquisition of Ansys earlier in 2025, and that deal almost certainly accounts for a large portion of the top-line expansion. If that is the driver, the revenue comparison will normalize as the acquisition laps its anniversary.
The EPS decline of 82.0% alongside that revenue surge points to integration costs, amortization of acquired intangibles, or deal-related charges hitting the income statement. These are common in large acquisition years and do not necessarily reflect deteriorating business quality, but they do explain why the trailing P/E looks stretched at 120.3.
The forward P/E of 30.8 is the number the market is actually pricing off. That multiple is far more in line with a high-quality software business, and it implies analysts expect the one-time drag on earnings to fade.
We do not have guidance commentary from this earnings report, so we cannot speak to what management said about the outlook for the next quarter or full year. For the current price and any updated data, see the live page at acceinvestments.com/stocks/SNPS.
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