Synopsys Inc
SNPSQ1 2024Estimated9% AI
AI Revenue %
9%
AI Fair Value
$3.5B
AI Revenue (Q)
$136.0M
Total Revenue (Q)
$1.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (ending Jan 31, 2024): Total revenue $1,649.2M (continuing ops, ex-Software Integrity now discontinued). Design Automation $985.3M, Design IP $525.7M. Design IP had exceptional quarter ($525.7M vs $343.7M year ago, +53% YoY), suggesting strong IP demand likely including AI-related interface IP. AI chip design demand intensifying; NVIDIA Blackwell in design, AMD MI300, Google TPU v5. Estimated 9%. $1,649.2M * 9% = ~$148.4M. Note: Design IP surge could partly reflect timing of IP deliveries, not purely AI.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $1,649,230 thousand
10-Q Condensed Consolidated Statements of Income, Three Months Ended January 31, 2024
Design Automation: Revenue $985,339 thousand
Note 17. Segment Disclosure, Three Months Ended January 31, 2024
Design IP: Revenue $525,650 thousand
Note 17. Segment Disclosure, Three Months Ended January 31, 2024
AI Products Identified (Ring 1)
Synopsys.ai EDA suiteHBM3/HBM3E interface IPUCIe chiplet interface IPAdvanced verification for AI accelerators
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Non-AI Design IPAutomotive/IoT EDAProfessional services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix