Synopsys, Inc. (SNPS) Q2 2023 Earnings Call Transcript

Synopsys, Inc. (NASDAQ:SNPS) Q2 2023 Earnings Conference Call May 17, 2023 5:00 PM ET

Company Participants

Trey Campbell - Senior Vice President and Investor Relations

Aart de Geus - Chairman and Chief Executive Officer

Shelagh Glaser - Chief Financial Officer

Conference Call Participants

Harlan Sur - JPMorgan

Joseph Vruwink - Robert W. Baird

Jason Celino - KeyBanc Capital Markets

Gary Mobley - Wells Fargo Securities

Vivek Arya - BofA Securities

Charles Shi - Needham & Company

Jay Vleeschhouwer - Griffin Securities

Joshua Tilton - Wolfe Research

Ruben Roy - Stifel

Gianmarco Conti - Deutsche Bank

Operator

Ladies and gentlemen, welcome to the Synopsys Earnings Conference Call for the Second Quarter of Fiscal Year 2023. At this time, all participants are in a listen-only mode. After the speakers' remarks, we will conduct a question-and-answer session. [Operator Instructions] Today's call will last one hour. As a reminder, today's call is being recorded.

At this time, I would like to turn the conference over to Trey Campbell, Senior Vice President and Investor Relations. Please go ahead.

Trey Campbell

Thank you. Good afternoon, everyone. With us today are Aart de Geus, Chair and CEO of Synopsys; and Shelagh Glaser, Chief Financial Officer.

Before we begin, I'd like to remind everyone that during the course of this conference call, Synopsys will discuss forecasts, targets and other forward-looking information regarding the company and its financial results.

While these statements represent our best current judgment about future results and performance as of today, our actual results are subject to many risks and uncertainties that could cause actual results to differ materially from what we expect. In addition to any risks that we highlight during this call, important risk factors that may affect our future results are described in our most recent SEC reports and today's earnings press release.

In addition, we will refer to certain non-GAAP financial measures during the discussion. Reconciliations to their most directly comparable GAAP financial measures and supplemental financial information can be found in the earnings press release, financial supplement and 8-K that we released earlier today.

All of these items, plus the most recent investor presentation are available on our website at synopsys.com. In addition, the prepared remarks will be posted on our website at the conclusion of the call.

With that, I'll turn the call over to Aart de Geus.

Aart de Geus