Synopsys initiates $1 billion accelerated share repurchase agreement
The company enters an agreement with JPMorgan to repurchase stock, receiving an initial delivery of approximately 1,735,000 shares before final settlement by January 2027.
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EDA, semiconductor IP, verification, and engineering simulation provider
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In short: Synopsys completed Ansys integration, raised guidance, and signed AI deals with OpenAI, Amazon, and Nvidia.
The company enters an agreement with JPMorgan to repurchase stock, receiving an initial delivery of approximately 1,735,000 shares before final settlement by January 2027.
The partnership includes a $1B+ deal for application-optimized IP and cloud collaboration on AWS infrastructure. Synopsys also adopts Amazon EC2 to accelerate its engineering workflows.
The company sets FY2027 revenue guidance of $11.15 billion and plans a $1 billion share repurchase while partnering with OpenAI for chip design.
Revenue grew from $1.74 billion year-over-year driven by AI demand. The company raised full-year revenue targets to $9.715 billion.
Nvidia invests $2 billion in Synopsys in a multiyear deal targeting up to 30x faster circuit simulation and 50x faster chip verification.
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