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.
Synopsys Inc., consolidated income statement (quarterly data)
US$ in thousands
3 months ended:
Jul 31, 2026
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
1,002,792)
945,624)
951,541)
940,681)
892,364)
828,326)
828,238)
834,375)
803,147)
781,714)
805,063)
870,249)
922,874)
808,196)
782,313)
808,160)
754,322)
723,821)
707,483)
688,116)
665,563)
648,794)
631,290)
606,598)
612,065)
590,097)
556,439)
Upfront products
665,223)
546,252)
741,530)
615,398)
516,404)
510,676)
368,124)
520,939)
442,528)
396,389)
442,366)
449,181)
297,967)
345,524)
336,658)
253,245)
268,584)
336,625)
368,274)
274,265)
203,301)
209,116)
174,381)
244,155)
210,931)
129,765)
150,721)
Products revenue
1,668,015)
1,491,876)
1,693,071)
1,556,079)
1,408,768)
1,339,002)
1,196,362)
1,355,314)
1,245,675)
1,178,103)
1,247,429)
1,319,430)
1,220,841)
1,153,720)
1,118,971)
1,061,405)
1,022,906)
1,060,446)
1,075,757)
962,381)
868,864)
857,910)
805,671)
850,753)
822,996)
719,862)
707,160)
Maintenance and service
808,807)
784,109)
715,727)
698,781)
330,969)
265,264)
258,953)
280,672)
280,074)
276,609)
263,560)
279,698)
266,447)
241,143)
242,369)
222,887)
224,860)
218,783)
194,498)
190,038)
188,266)
166,413)
164,650)
174,686)
141,138)
141,465)
127,221)
Revenue
2,476,822)
2,275,985)
2,408,798)
2,254,860)
1,739,737)
1,604,266)
1,455,315)
1,635,986)
1,525,749)
1,454,712)
1,510,989)
1,599,128)
1,487,288)
1,394,863)
1,361,340)
1,284,292)
1,247,766)
1,279,229)
1,270,255)
1,152,419)
1,057,130)
1,024,323)
970,321)
1,025,439)
964,134)
861,327)
834,381)
Products
(275,622)
(232,897)
(242,402)
(251,212)
(230,895)
(216,216)
(168,842)
(216,485)
(179,536)
(198,719)
(175,498)
(213,586)
(190,809)
(184,732)
(174,367)
(173,617)
(164,077)
(150,690)
(165,399)
(152,437)
(127,592)
(134,738)
(127,347)
(142,838)
(118,478)
(108,207)
(117,784)
Maintenance and service
(156,514)
(148,597)
(146,738)
(154,217)
(103,301)
(94,471)
(92,537)
(91,707)
(96,630)
(88,178)
(90,540)
(98,779)
(98,299)
(95,410)
(91,347)
(89,313)
(87,774)
(87,666)
(78,225)
(68,992)
(65,604)
(67,840)
(68,766)
(69,991)
(60,812)
(62,213)
(61,915)
Amortization of acquired intangible assets
(247,252)
(248,356)
(248,242)
(249,234)
(46,368)
(7,660)
(8,596)
(66,831)
(14,510)
(13,500)
(13,155)
(19,978)
(18,374)
(17,872)
(18,640)
(19,791)
(19,330)
(14,455)
(13,360)
(13,297)
(11,870)
(11,408)
(11,886)
(11,720)
(13,718)
(13,845)
(13,169)
Cost of revenue
(679,388)
(629,850)
(637,382)
(654,663)
(380,564)
(318,347)
(269,975)
(375,023)
(290,676)
(300,397)
(279,193)
(332,343)
(307,482)
(298,014)
(284,354)
(282,721)
(271,181)
(252,811)
(256,984)
(234,726)
(205,066)
(213,986)
(207,999)
(224,549)
(193,008)
(184,265)
(192,868)
Gross margin
1,797,434)
1,646,135)
1,771,416)
1,600,197)
1,359,173)
1,285,919)
1,185,340)
1,260,963)
1,235,073)
1,154,315)
1,231,796)
1,266,785)
1,179,806)
1,096,849)
1,076,986)
1,001,571)
976,585)
1,026,418)
1,013,271)
917,693)
852,064)
810,337)
762,322)
800,890)
771,126)
677,062)
641,513)
Research and development
(719,737)
(700,124)
(714,988)
(746,842)
(625,301)
(553,979)
(553,216)
(554,818)
(508,872)
(493,136)
(525,534)
(488,485)
(507,402)
(485,597)
(465,329)
(461,618)
(444,826)
(389,964)
(383,971)
(413,864)
(371,146)
(362,345)
(357,468)
(339,566)
(322,602)
(302,571)
(314,283)
Sales and marketing
(385,889)
(381,998)
(396,375)
(390,491)
(259,480)
(215,021)
(209,199)
(219,225)
(211,491)
(209,783)
(218,843)
(228,982)
(227,134)
(222,115)
(210,785)
(208,448)
(199,246)
(191,573)
(180,510)
(197,681)
(171,428)
(172,754)
(170,628)
(176,499)
(156,456)
(146,200)
(152,855)
General and administrative
(176,979)
(172,418)
(182,732)
(185,515)
(280,550)
(136,497)
(167,086)
(172,032)
(150,437)
(114,763)
(131,264)
(112,150)
(109,714)
(91,083)
(97,364)
(107,414)
(91,461)
(73,957)
(81,008)
(88,960)
(83,846)
(72,694)
(77,488)
(79,796)
(73,516)
(62,474)
(68,744)
Amortization of acquired intangible assets
(155,174)
(155,275)
(155,993)
(155,956)
(28,573)
(3,996)
(4,000)
(4,086)
(4,062)
(4,561)
(3,529)
(8,029)
(6,697)
(6,582)
(6,717)
(6,718)
(7,124)
(6,912)
(9,000)
(8,646)
(8,570)
(8,313)
(8,390)
(9,284)
(9,931)
(10,250)
(9,364)
Restructuring charges
(2,164)
(115,894)
(118,282)
—)
—)
—)
—)
—)
—)
—)
—)
1,382)
(33,385)
(4,140)
(40,859)
—)
—)
(311)
(11,746)
(18,254)
(15,151)
—)
—)
387)
1,977)
(29,672)
(8,751)
Operating expenses
(1,439,943)
(1,525,709)
(1,568,370)
(1,478,804)
(1,193,904)
(909,493)
(933,501)
(950,161)
(874,862)
(822,243)
(879,170)
(836,264)
(884,332)
(809,517)
(821,054)
(784,198)
(742,657)
(662,717)
(666,235)
(727,405)
(650,141)
(616,106)
(613,974)
(604,758)
(560,528)
(551,167)
(553,997)
Operating income
357,491)
120,426)
203,046)
121,393)
165,269)
376,426)
251,839)
310,802)
360,211)
332,072)
352,626)
430,521)
295,474)
287,332)
255,932)
217,373)
233,928)
363,701)
347,036)
190,288)
201,923)
194,231)
148,348)
196,132)
210,598)
125,895)
87,516)
Interest expense
(133,234)
(133,364)
(162,715)
(194,752)
(146,502)
(94,336)
(11,139)
(14,614)
(11,742)
(7,067)
(1,738)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Other income (expense), net
459,665)
32,214)
38,722)
589,883)
170,543)
114,101)
50,417)
26,691)
43,526)
16,525)
106,566)
(20,830)
25,808)
4,253)
23,292)
(5,244)
2,426)
(23,913)
(19,793)
8,790)
11,414)
21,764)
28,756)
(4,566)
26,256)
(15,729)
12,057)
Income before income taxes
683,922)
19,276)
79,053)
516,524)
189,310)
396,191)
291,117)
322,879)
391,995)
341,530)
457,454)
409,691)
321,282)
291,585)
279,224)
212,129)
236,354)
339,788)
327,243)
199,078)
213,337)
215,995)
177,104)
191,566)
236,854)
110,166)
99,573)
(Provision) benefit for income taxes
(138,216)
(2,408)
(14,337)
(68,071)
52,967)
(47,181)
6,294)
(62,084)
30,712)
(45,437)
(22,909)
(63,196)
11,773)
(21,637)
(10,597)
(60,572)
(16,708)
(45,896)
(13,902)
2,059)
(14,945)
(21,193)
(15,076)
4,989)
16,057)
(246)
4,488)
Net income from continuing operations
545,706)
16,868)
64,716)
448,453)
242,277)
349,010)
297,411)
260,795)
422,707)
296,093)
434,545)
346,495)
333,055)
269,948)
268,627)
151,557)
219,646)
293,892)
313,341)
201,137)
198,392)
194,802)
162,028)
196,555)
252,911)
109,920)
104,061)
Income (loss) from discontinued operations, net of income taxes
—)
—)
—)
—)
—)
(3,900)
—)
834,825)
(17,813)
(7,004)
11,662)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Net income
545,706)
16,868)
64,716)
448,453)
242,277)
345,110)
297,411)
1,095,620)
404,894)
289,089)
446,207)
346,495)
333,055)
269,948)
268,627)
151,557)
219,646)
293,892)
313,341)
201,137)
198,392)
194,802)
162,028)
196,555)
252,911)
109,920)
104,061)
Net (income) loss attributed to non-controlling interest and redeemable non-controlling interest
Revenue demonstrates a consistent long-term upward trajectory, growing from 834 million USD in January 2020 to 2.47 billion USD by July 2026. This growth is characterized by steady increases in time-based products and a significant expansion in maintenance and service revenue starting in the fourth quarter of 2024, where the segment jumped from approximately 280 million USD to nearly 700 million USD.
Revenue Stream Dynamics
Time-based products maintain a steady growth profile, nearly doubling over the analyzed period. Upfront products exhibit higher volatility, peaking in several quarters, while maintenance and service revenue remained relatively flat until a sharp structural increase occurred in late 2024, suggesting a shift in business model or a major acquisition.
Gross Profitability and Cost of Revenue
Gross margin expanded from 641 million USD in January 2020 to 1.79 billion USD in July 2026. However, the cost of revenue experienced a sharp increase starting in October 2024, primarily driven by a substantial rise in the amortization of acquired intangible assets, which jumped from 66 million USD to over 249 million USD in a single quarter.
Operating Expense Trends
Research and development costs show a persistent increase, reflecting continuous investment in product evolution, rising from 314 million USD to 719 million USD. Sales and marketing expenses remained stable until October 2024, after which they nearly doubled, shifting from a range of 200-220 million USD to approximately 380-390 million USD per quarter.
Operating Income Volatility
Operating income grew steadily until October 2024, reaching 310 million USD, but subsequently entered a period of contraction, hitting a low of 120 million USD in April 2026 before recovering to 357 million USD in July 2026. This volatility coincides with the spike in amortization and general administrative expenses.
Net Income and Non-Operating Impacts
Net income attributed to Synopsys shows a massive anomaly in October 2024, reaching 1.11 billion USD. This spike is primarily attributed to 834 million USD in income from discontinued operations rather than core operational growth. Excluding this event, net income exhibits a fluctuating but generally positive trend, influenced heavily by variable tax provisions and increasing interest expenses starting in 2024.
The financial profile indicates a transition period beginning in late 2024, marked by a significant increase in both revenue and operating costs. The simultaneous rise in amortization of intangible assets and sales and marketing expenses suggests the integration of a large-scale acquisition, which initially pressured operating margins before revenue growth began to offset these higher fixed costs by mid-2026.
