Filing Flows › Synopsys (SNPS) › Q2 FY26 › vs Q2 FY25
Synopsys (SNPS) Q2 FY26 vs Q2 FY25 (year over year)
Synopsys's revenue rose $672M (+42%) from $1.6B in Q2 FY25 to $2.3B in Q2 FY26. The biggest changes: Maintenance and service +$519M (+196%); Products +$153M (+11%). Gross margin 72.3% against 80.2% (-7.8 pts).
Synopsys, Q2 FY26: revenue $2.3B (+42% year over year), operating margin 5.3%, net earnings $16.9M, operating cash flow $629M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 72.3% | 80.2% | -7.8 pts |
| Operating margin | 5.3% | 23.5% | -18.2 pts |
| Net margin | 0.7% | 21.5% | -20.8 pts |
| Free cash flow margin | 25.3% | 13.7% | +11.6 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Time-based products | $946M | $828M | $117M | +14% |
| Upfront products | $546M | $511M | $35.6M | +7% |
| Products | $1.5B | $1.3B | $153M | +11% |
| Maintenance and service | $784M | $265M | $519M | +196% |
| Revenue | $2.3B | $1.6B | $672M | +42% |
| Gross profit | $1.6B | $1.3B | $360M | +28% |
| Cost of revenue | $630M | $318M | $312M | +98% |
| Operating profit | $120M | $376M | −$256M | -68% |
| Operating expenses | $1.5B | $909M | $616M | +68% |
| Pre-tax earnings | $19.3M | $392M | −$373M | -95% |
| Other expense, net | $101M | −$15.9M | $117M | — |
| Research & development | $700M | $554M | $146M | +26% |
| Sales & marketing | $382M | $215M | $167M | +78% |
| General & admin | $172M | $136M | $35.9M | +26% |
| Other operating costs | $271M | $4.0M | $267M | 68× |
| Net earnings | $16.9M | $345M | −$328M | -95% |
| Income tax | $2.4M | $47.2M | −$44.8M | -95% |
| Operating cash sources | $696M | $596M | $99.9M | +17% |
| Depreciation & amortization | $456M | $48.9M | $408M | +833% |
| Share-based compensation | $222M | $202M | $20.6M | +10% |
| Working capital & other | $66.7M | $320M | −$254M | -79% |
| Operating cash flow | $629M | $275M | $354M | +128% |
| Free cash flow (OCF − capex) | $575M | $220M | $355M | +162% |
| Capital expenditures | $54.2M | $55.6M | −$1.4M | -3% |
Questions
How much did Synopsys's revenue grow year over year in Q2 FY26?
Synopsys's revenue rose $672M (+42%) from $1.6B in Q2 FY25 to $2.3B in Q2 FY26.
What drove Synopsys's revenue change in Q2 FY26?
Maintenance and service +$519M (+196%); Products +$153M (+11%).