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Synopsys, Inc. (SNPS) 28th Annual Needham Growth Conference January 15, 2026 2:15 PM EST
Company Participants
Shelagh Glaser – Chief Financial Officer
Conference Call Participants
Yu Shi – Needham & Company, LLC, Research Division
Presentation
Yu ShiNeedham & Company, LLC, Research Division
Hello. Good morning, good afternoon. Welcome to the 28th Annual Needham Growth Conference. With me here right now is Shelagh Glaser, Chief Financial Officer of Synopsys. Shelagh, thank you for being with us today.
Shelagh GlaserChief Financial Officer
Charles, great to be here with you.
Yu ShiNeedham & Company, LLC, Research Division
Well, before we start, allow me to read the safe harbor statement from Synopsys. Today’s discussion may contain forward-looking statements related to Synopsys’ current outlook, expectations and beliefs, which are subject to certain risks and uncertainties that could cause actual results to differ. Please refer to Synopsys’ most recent SEC filings for a discussion of risk factors that may materially affect those statements.
Question-and-Answer Session
Yu ShiNeedham & Company, LLC, Research Division
All right. Now let’s get started. Shelagh, I would like to address this question off the top of investors’ minds immediately. So last year, you guys closed the [indiscernible] acquisition. I think it’s an achievement, maybe still a little bit underappreciated given the very tough geopolitical backdrop. But also last year, you guys had to cut outlook around the fiscal Q3 quite meaningfully. And we all knew that there was — also was a little bit of a miscommunication issues around that particular print around [indiscernible], et cetera.
So I’m wondering — if you can take the opportunity today and maybe recap from a fresh perspective today, what exactly happened to last year’s business that has led to that outlook cut and as we look at this year and beyond?
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