Synopsys (SNPS) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $3.91
- Estimate
- $3.67
- Surprise
- +6.4%
- Revenue (period 2026-07-31)
- $2.48B
- Score at report (before → after)
- 5.4 → 5.6/10
Revenue source: xbrl.
How the report landed
Synopsys (SNPS) beat the $3.67 estimate with adjusted EPS of $3.91 — a clear 6.4% upside surprise. TrendMatrix's engine moved from Hold (5.4/10) to Sell at 5.6/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SNPS Hold at 5.9/10.
4 of the last 4 quarters beat the estimate; this quarter's +6.4% surprise compares with a +5.6% four-quarter average. Next scheduled report: 2026-12-09.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive news sentiment (+0.70)
What argues against it
- Thin upside margin: 4.1%
- Sector modifier (Technology): -0.8
- Expensive valuation
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $494.51
- Price target
- $514.95
- Stop
- $459.89
- Upside to target
- +4.1%
- Reward-to-risk
- 0.3:1
The stock trades at 88.8× trailing but 27.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 77 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-14 — shown for context, not personalized investment advice.
SNPS at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $96.30B
- P/E (fwd)
- 27.0
- P/E (ttm)
- 88.8
- 52-week range
- $362.55–$539.48
- Off 52-week high
- 8.3%
- RSI (14)
- 77
- Volume vs avg
- 1.01×
- Score today
- 5.9/10