Synopsys shares jump on robust growth outlook, OpenAI and AWS deals

Synopsys shares jumped 10% on Thursday after the chip-design software maker forecast fiscal 2027 revenue and profit above analysts’ estimates and unveiled deals with OpenAI and Amazon Web Services.

At its investor day in New York on Wednesday, the company outlined a long-term growth outlook that underscored growing demand for its tools as heavy investments in AI fuel increasingly complex chip designs.

The company forecast revenue to be between $11.10 billion and $11.20 billion for fiscal year ending October 31, 2027, above analysts’ average estimate of $10.81 billion, according to data compiled by LSEG.