Synopsys raises fiscal 2026 forecast on strong AI chip design software demand
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CNA
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Summary
Synopsys raised its fiscal 2026 annual forecast, citing strong demand for its chip design software driven by companies racing to develop AI chips and infrastructure. The company now expects revenue between $9.63 billion and $9.71 billion (up from $9.56-$9.66 billion) and adjusted profit of $14.72-$14.80 per share (up from $14.38-$14.46). Chipmakers and hyperscalers continue investing heavily in complex semiconductor designs and intelligent systems, fueling demand for Synopsys' tools.
Key quotes
· 3 pulledDemand tied to AI has been strong as chipmakers and hyperscalers continued investing in more complex semiconductor designs and intelligent systems.
Synopsys raised its annual results forecast on Wednesday, signaling steady demand for its chip design software from companies racing to develop AI chips and infrastructure.
The company expects fiscal 2026 revenue between $9.63 billion and $9.71 billion, up from its previous forecast of $9.56 billion to $9.66 billion.
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