Synopsys Inc. (NASDAQ:SNPS) announced its second-quarter earnings on Wednesday, reporting a profit of $3.35 per share, which exceeded analysts' expectations of $3.15. The company's revenue for the quarter was $2.28 billion, surpassing the consensus estimate of $2.25 billion and showing significant growth from $1.6 billion in the same quarter last year. CEO Sassine Ghazi noted the strong performance was driven by increased demand for semiconductors, particularly due to advancements in artificial intelligence, which are contributing to the complexity of chip designs. Looking ahead, Synopsys raised its fiscal 2026 earnings per share guidance to a range of $14.72 to $14.80, compared to the previous estimate of $14.45. Additionally, the revenue forecast for the same period was adjusted to between $9.63 billion and $9.71 billion. However, despite these positive results and outlook, Synopsys stock fell by 2.45% to $513 in after-hours trading, reflecting market reactions to broader trends or investor sentiments beyond the earnings report.