Stock Analysis on Net
Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS)

$24.99

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Synopsys Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Apr 30, 2026 Jan 31, 2026 Oct 31, 2025 Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020
Time-based products
Upfront products
Products revenue
Maintenance and service
Revenue
Products
Maintenance and service
Amortization of acquired intangible assets
Cost of revenue
Gross margin
Research and development
Sales and marketing
General and administrative
Amortization of acquired intangible assets
Restructuring charges
Operating expenses
Operating income
Interest expense
Other income (expense), net
Income before income taxes
(Provision) benefit for income taxes
Net income from continuing operations
Income (loss) from discontinued operations, net of income taxes
Net income
Net (income) loss attributed to non-controlling interest and redeemable non-controlling interest
Net income attributed to Synopsys

Based on: 10-Q (reporting date: 2026-04-30), 10-Q (reporting date: 2026-01-31), 10-K (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-K (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31).

Revenue exhibits a sustained upward trajectory over the analyzed period, increasing from approximately $834 million in January 2020 to over $2.2 billion by April 2026. This growth is characterized by a steady rise in products revenue, supplemented by a significant and abrupt acceleration in maintenance and service revenue beginning in July 2025, where values climbed from $330 million to $784 million within a one-year period.

Gross Margin and Cost of Revenue
Gross margin grew in absolute terms from $641 million to $1.64 billion. However, the cost of revenue structure shifted markedly starting in October 2024. A substantial increase in the amortization of acquired intangible assets—rising from roughly $13 million per quarter in early 2020 to a peak of $249 million in July 2025—suggests the integration of significant acquisitions that increased the cost base.
Operating Expense Trends
Operating expenses showed aggressive growth, particularly in Research and Development, which expanded from $314 million to approximately $700 million. Sales and marketing expenses remained relatively stable until July 2025, after which they spiked from $259 million to nearly $382 million. General and administrative expenses also experienced a sharp increase in mid-2025, contributing to an overall rise in the operating cost structure.
Operating Income Performance
Operating income peaked in October 2023 at $430 million but entered a period of volatility and decline thereafter. Despite the growth in top-line revenue, the surge in operating expenses and amortization charges compressed operating margins, with operating income falling to $120 million by April 2026.
Net Income and Non-Operating Items
Net income is characterized by high volatility, most notably in October 2024, when a gain of $834 million from discontinued operations resulted in a peak net income of $1.09 billion. Excluding this anomaly, a downward trend in net income attributed to the company is evident in the final four quarters, dropping to $17 million by April 2026.
Interest and Leverage
Interest expenses were absent from the records until January 2024, after which they grew rapidly, reaching $133 million by April 2026. This trend indicates a significant increase in debt obligations, likely associated with the aforementioned acquisition activity, which has further pressured the bottom-line profitability.