On August 27, Synopsys rose 3.35% in regular trading, trading at $422.31/share, with turnover of $166 million. The rebound follows an initial after-hours dip as investors reassessed the company's strong fiscal Q3 results and upwardly revised outlook.

Synopsys reported fiscal Q3 non-GAAP EPS of $3.91, beating the consensus estimate of $3.67 by 6.5%, while revenue came in at $2.48 billion versus $2.44 billion expected, representing 42% year-over-year growth. The company raised its full-year FY2026 revenue guidance to $9.69 billion-$9.74 billion and EPS guidance to $15.04-$15.10, both above prior forecasts. Q4 guidance of $2.53B-$2.58B in revenue and $4.10-$4.16 EPS also exceeded analyst expectations. Management highlighted EDA accelerating toward double-digit growth, Design IP returning to a growth trajectory, and Ansys integration synergies beginning to materialize after the one-year anniversary of the acquisition.

Mizuho adjusted its price target on Synopsys to $550 from $600, maintaining an overweight stance, while the analyst consensus mean target stands at $554.52.

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