Shelagh Glaser on cost synergies
From Synopsys Q2 FY26 Earnings Call | $SNPS | 🔴 WATCH LIVE · · Benzinga
“We're updating our expense guidance to account for two primary factors. First, cost discipline and accelerating synergies driving expenses down. We expect to be approximately halfway through our committed cost synergy realization by the end of fiscal year 2026. Second, a 60 million dollar increase in expenses due to the Ansys channel accounting impact.”
On , Shelagh Glaser, Chief Financial Officer at Synopsys, spoke about cost synergies during Synopsys Q2 FY26 Earnings Call | $SNPS | 🔴 WATCH LIVE on Benzinga.
About Shelagh Glaser
Shelagh Glaser, CFO of Synopsys, discussed the company's financial results and guidance during the Q2 FY26 earnings call on May 27, 2026. She reported that Synopsys raised its full-year revenue, operating margin, EPS, and free cash flow guidance, citing a strong first-half performance and increased confidence across the business. Glaser attributed a $35 million increase in revenue guidance to this performance, along with a $60 million increase due to Ansys channel accounting, which she noted was accompanied by an equivalent expense increase. She guided non-GAAP EPS to $14.72–$14.80 per share, a 34-cent increase at the midpoint, and raised free cash flow guidance to approximately $2 billion. Glaser also stated that the company was reducing expenses through cost discipline and accelerating synergies, expecting to be halfway through its committed cost synergy realization by the end of fiscal 2026, while continuing to invest in critical areas. On the Q4 FY25 earnings call in November 2025, Glaser reported total revenue of $7.05 billion for fiscal 2025, up approximately 15%, including $757 million from Ansys. She noted that the company repaid $850 million of term loans in Q4 and $900 million in November, with plans to prepay the remaining $2.55 billion in the first half of 2026. For fiscal 2026, Glaser provided full-year revenue targets of $9.56–$9.66 billion, with Ansys contributing $2.9 billion at the midpoint and growing double digits. She also outlined a normalized non-GAAP tax rate of 18% projected through 2028, driven by geographic earnings mix and recent tax law changes.