Synopsys Inc. reported a strong second quarter performance, with a 10% year-over-year revenue increase, surpassing the midpoint of its guidance. Non-GAAP EPS also exceeded expectations. The company maintained its full-year revenue guidance, highlighting the strength of its mission-critical products and resilient business model. Despite market fluctuations, Synopsys observed robust performance in the AI and HPC sectors, with signs of stabilization in industrial and automotive markets. While demand in non-AI end markets remains subdued, a slowdown in China was counterbalanced by strong demand from other regions.
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