US Stocks Move: Synopsys drops 3.6% in after-hours trading, lowers earnings guidance for the current fiscal year

Gelonghui, February 26｜Synopsys (SNPS.US) fell 3.6% in after-hours trading, closing at $432.92. In terms of news, Synopsys announced that its first-quarter revenue increased by 65% year-on-year to $2.41 billion, higher than analysts’ expectations of $2.39 billion; adjusted earnings per share were $3.77, also above analysts’ expectations of $3.56. During the period, revenue from the intellectual property division was $407 million, down more than 6% year-on-year. Looking ahead to fiscal year 2026, the company’s earnings per share forecast has been lowered from $2.49-$2.9 to $2.21-$2.62, below analysts’ expectations of $2.71. The company is dealing with export restrictions to China and broader economic uncertainties. (Gelonghui)