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Sunnyvale, California-based Synopsys, Inc. (SNPS) provides electronic design automation (EDA) software products for the design and testing of integrated circuits. With a market cap of $72.5 billion, the company provides design technologies to creators of advanced integrated circuits, electronic systems, and systems-on-a-chip.
Shares of this global leader in EDA have notably underperformed the broader market over the past year. SNPS has declined 26.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 12.3%. In 2025, SNPS’ stock fell 20.9%, compared to the SPX’s 12.5% rise on a YTD basis.