What move does the options market price into Synopsys's report?

Implied ±6.5%, either direction.

How often does Synopsys move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

SNPSNasdaqServices-Prepackaged Software

Synopsys Inc (SNPS) earnings date, market-implied expected move, and options open interest by expiry

467.39

−22.80 · −4.65%

post 467.11 −0.06%

Closed19:28 ET

Open475.39Volume2.6MMkt cap$89.6BP/E81.10EPS5.76

Day461.37 – 482.8127%52-wk362.55 – 539.4859%

SNPS

Synopsys Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.5%implied · report alone

8Q avg ±10.1%·×0.65·cheap

437.21498.01

straddle ±12.1%

spot 467.61exp Dec 11ATM strike 470ATM straddle 66.65IV 53%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Dec 9

after close · in 39 days

est.Q4 FY26

Calendar

Next report

Last report

+13.39%

vs ±8.8% implied · ×1.53

shaded = implied · ▲▼ = realized

Aug 26 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+0.48%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

1,453 managers

Top fund weight

1.79%

SNPS weight · SMH

N-PORTJun 30 '26

13 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Synopsys (SNPS) is expected to report on Dec 9 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±7.6%
avg realized: ±10.1%

Dec 4 '24Dec 4 '24confirmed±7.0%▼−12.37%×1.77

Feb 26 '25Feb 26 '25confirmed±8.2%▼−3.35%×0.41

May 28 '25May 28 '25confirmed±9.3%▼−1.61%×0.17

Sep 9 '25Sep 9 '25confirmed±6.3%▼−35.84%×5.73

Dec 10 '25Dec 10 '25confirmed±6.7%▲+0.30%×0.04

Q1 FY26Feb 25 '26confirmed±7.2%▼−5.16%×0.72

Q2 FY26May 27 '26confirmed±7.1%▼−8.61%×1.21

Q3 FY26Aug 26 '26confirmed±8.8%▲+13.39%×1.53

quarterimplied−40%0+40%realized×

Q3 FY26±8.8%▲+13.39%×1.53

Q2 FY26±7.1%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 26 close

0.84OI · 7 expiries · Oct 26 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2 nearer expiries

1,920+7%Nov 66d3.54542+36%3.54

158+5%Nov 1313d1.6099−2%1.60

5,337+4%Nov 2020d0.4811,1030%0.48

598+2%Nov 2727d7.1284+9%7.12

report · Dec 9 · after close · est.

ExpiryPutsCallsP/C

2 nearer expiries

Nov 66d1,920+7%542+36%3.54

Nov 1313d158+5%99−2%1.60

Nov 2020d5,337+4%11,103

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±12.1%

Funds 4

SMH±0.2%

IGPT±0.1%

XLK±0.1%

QQQ±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

22.03%as filednet margin · revenue +8.82% QoQ · +42.37% YoY

Revenue

$2.5B+8.82% QoQ

Gross profit

$1.8B+9.19% QoQ

72.57% margin

Operating income

$357M+196.86% QoQ

14.43% margin

Pre-tax income

$684M+3448.05% QoQ

Net income

$546M+3135.16% QoQ

22.03% margin

Cost of revenue

$679M+7.87% QoQ

Operating expenses

$1.4B−5.62% QoQ

R&D $720M

Marketing $386M

SG&A $177M

Other operating $157M

Tax

$138M+5639.87% QoQ

Other income

$326M+422.72% QoQ

Revenue$2.5B+8.82%

Gross profit

$1.8B+9.19%

72.57% margin

Operating income

$357M+196.86%

14.43% margin

Pre-tax income

$684M+3448.05%

Net income

$546M+3135.16%

22.03% margin

Cost of revenue

$679M+7.87%

Operating expenses

$1.4B−5.62%

R&D $720M

Marketing $386M

SG&A $177M

Other income$326M+422.72%

Tax$138M+5639.87%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:15 ET

Intraday

Event sensitivity

NFP ×1.52· ±2.8% vs ±1.8% · 9 releases

eventrelease day|move|up · n×base

NFPjobs report±2.8%5 of 9×1.52

CPROFcorporate profits±2.5%5 of 12×1.37

GDPgross domestic product±2.1%8 of 19×1.13

FOMCrate decision±1.8%13 of 24×0.95

PCEpersonal income & outlays±1.6%8 of 19×0.89

CPIconsumer prices±1.5%5 of 10×0.84

PPIproducer prices±1.1%2 of 10×0.57

Bar = avg |move| to ±3% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 2.84 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Aug 26 '26 · confirmed	2.84	—
Q2 FY26	May 27 '26 · confirmed	0.09	—
Q1 FY26	Feb 25 '26 · confirmed	0.34	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod