Synopsys QJul26
- EDA and IP are back on track; IP is still 10% down vs previous peak- EDA at $1.28B is an all-time high, 8% above the prior $1.18B peak of Q3 FY25- On AI disruption, the company sees customer models still needing its physics and sign-off tools; AI-native design is a demand driver rather than a substitution risk, per SNPS- Record hardware revenue again; 12 new and 66 repeat hardware customers in the quarter- IP revenue $474M, up 11% y/y and 4% q/q; first y/y growth after three straight down quarters, second consecutive sequential increase, with further sequential growth expected in Q4Source: Sravan Kundojjala
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