SNPS changes
Pick any two versions below to diff them.
- Price
- $505.17 → $509.99(+1.0%)
- Next earnings
- Nov 26, 2026 → Dec 9, 2026
- Balance sheet
- added: Cash: $3.6B Debt: $10.0B Net debt: $6.4B Interest cover: 4.7× Undrawn credit line: $850M, to December 2027 Debt due within 12 months: $1.0B Last debt due: 2055 Ratings: Moody's Baa1 (stable outlook), S&P BBB (stable outlook) Synopsys borrowed to buy Ansys in July 2025. added: Goodwill and intangible assets from the deal are larger than total equity of $31.2 billion, so the value of the balance sheet depends on Ansys earning its price. All of its remaining debt is unsecured fixed-rate notes that the parent company issued. At July 31, 2026, removed: debt added: this was removed: $10.0 billion: six series of senior notes at 4.55% to 5.70%, due from April removed: 2027 to 2055. added: 2027. The $1.0 billion added: due within 12 months is due on April 1, 2027. Synopsys has already repaid all $4.3 billion of floating-rate term loans from the deal. $2.0 billion that Nvidia paid for new shares helped this. removed: Cash and short-term investments were $3.6 billion, and about added: About $1.7 billion of removed: this added: the cash was outside the US. removed: Thus net debt was about $6.4 billion. In the nine months to July 31, 2026, added: Interest cover is operating income plus amortization and depreciation removed: was added: of $2.0 removed: billion, and added: billion over interest expense removed: was added: of $429 removed: million. When Synopsys issued the notes added: million, in removed: March 2025, Moody's rated them Baa1 and S&P rated them BBB, both stable. An $850 million revolving credit line added: the nine months to removed: December 2027 was undrawn. Goodwill and intangible assets added: July 31, 2026. The ratings are from the removed: deal are larger than total equity of $31.2 billion. Thus the value of the balance sheet depends on Ansys earning its price. added: March 2025 note issue. Synopsys guides fiscal 2027 free cash flow at about $3.1 billion. It plans to buy back about $1 billion of stock and return up to 50% of free cash flow. Thus debt will now fall more slowly than in the last year. As of Jul 31, 2026.
- Checkpoints
- removed: Nov 26, added: Dec 9, 2026 (estimate): Fiscal Q4 2026 earnings: full-year result and Ansys integration. Pending. Watch: Revenue inside the raised $9.69 to $9.74 billion range and fiscal 2027 guidance kept near $11.15 billion pass; a miss or a lower 2027 outlook fails. Feb 2027 (estimate): Fiscal Q1 2027 earnings: margin progress and buyback pace. Pending. Watch: Non-GAAP operating margin moving toward the 44% fiscal 2027 target and buybacks on plan pass; margin pressure from Ansys costs fails. Apr 1, 2027: First $1.0 billion of Ansys deal notes fall due. Pending. Watch: Repayment from cash without new borrowing passes; refinancing that keeps gross debt at $10 billion fails the debt reduction test.