StocksMediumUpdated•Originally published 30 September 2026•Updated 1 October 2026•
1 min read
Synopsys Shares Surge 10.8% on Strong FY27 Guidance and Buyback Plan
Key Facts
1Synopsys expects revenue growth of 15% according to the company's latest updates.
2The company announced a plan to repurchase shares worth $1 billion.
Synopsys shares surged 10.8% driven by strong guidance for fiscal year 2027. Investing.com reported that the company expects revenue growth of 15% and has authorized a $1 billion share repurchase program.
SNPS was trading at $459.92 on October 1, 2026 following the surge, up from its close of $415.09 on September 29, 2026. The market saw broader gains in related names as shares of Accenture and Enerflex also posted notable increases alongside Synopsys.