Synopsys Inc
SNPSQ2 2024Estimated10% AI
AI Revenue %
10%
AI Fair Value
$4.4B
AI Revenue (Q)
$145.5M
Total Revenue (Q)
$1.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 (ending Apr 30, 2024): Total revenue $1,454.7M (continuing ops). Design Automation $1,054.9M, Design IP $399.8M. Software Integrity now fully in discontinued operations (held for sale). AI chip design boom continuing; major hyperscalers and chip companies designing next-gen AI accelerators at 3nm/2nm. Synopsys benefits from (1) higher-value tool licenses for AI chip complexity, (2) AI-specific IP blocks (HBM3E, CXL, UCIe), (3) Synopsys.ai features creating tool stickiness. Estimated 10%. $1,454.7M * 10% = ~$145.5M.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $1,454,712 thousand
10-Q Condensed Consolidated Statements of Income, Three Months Ended April 30, 2024
Design Automation: Revenue $1,054,933 thousand
Note 18. Segment Disclosure, Three Months Ended April 30, 2024
Design IP: Revenue $399,779 thousand
Note 18. Segment Disclosure, Three Months Ended April 30, 2024
AI Products Identified (Ring 1)
Synopsys.ai full-stack EDAHBM3E interface IPCXL/UCIe chiplet IPAI-optimized verification tools
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.
Standard cell librariesAutomotive/IoT IPLegacy verification
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix