Synopsys (SNPS) said it has suspended its financial guidance for Q3 and year 2025, saying, “On May 29, 2025, following the announcement of Synopsys’ financial results of its second fiscal quarter ended April 30, 2025, Synopsys received a letter from the Bureau of Industry and Security of the U.S. Department of Commerce informing Synopsys of new export restrictions related to China. Synopsys is currently assessing the potential impact of the BIS Letter on its business, operating results and financial condition.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNPS:
- Trump Trade: U.S. trade court blocks Trump’s global tariffs
- Synopsys price target lowered to $625 from $660 at Rosenblatt
- Synopsys price target raised to $575 from $560 at BofA
- Synopsys: Strong Performance and Resilience Amid Geopolitical Uncertainty
- Synopsys Positioned for Growth: AI and Hardware Innovations Drive Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue