Corporate Overview for Investors Synopsys

Corporate Overview for Investors Synopsys

• 1. Corporate Overview for Investors May 2025

• 2. © 2025 Synopsys, Inc. 2 Forward-Looking Statements This presentation contains forward-looking statements, including, but not limited to, statements regarding Synopsys, Inc.’s (Synopsys, we or our) short-term and long-term financial targets, expectations and objectives including, among others, our long-term financial objectives, which include the anticipated effects of our pending acquisition of ANSYS, Inc. (the Ansys Merger); our products, technology and services; business and market outlook, opportunities, strategies and technological trends, such as artificial intelligence (AI); the Ansys Merger, including, among other things, the anticipated timing of closing, the status of the related regulatory approvals, and its expected impact; planned dispositions and their expected impact; the potential impact of the uncertain macroeconomic environment on our financial results, including, but not limited to, the effects of sustained global inflationary pressures and elevated interest rates, potential economic slowdowns or recessions, supply chain disruptions, geopolitical pressures, including, among others, the unknown impact of current and future U.S. and foreign trade regulations, government actions and regulatory changes, such as export control restrictions and tariffs, and regional or global military conflicts, and fluctuations in foreign exchange rates, and associated global economic conditions; customer demand and market expansion; our planned product releases and capabilities; industry growth rates; the expected realization of our contracted but unsatisfied or partially unsatisfied performance obligations (backlog); software trends; planned stock repurchases; our expected tax rate; and the impact and result of pending legal, regulatory, administrative and tax proceedings. These statements involve risks, uncertainties and other factors that could cause our actual results, time frames or achievements to differ materially from those expressed or implied in such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: macroeconomic conditions and geopolitical uncertainty in the global economy; uncertainty in the growth of the semiconductor and electronics industries; the highly competitive industry we operate in; actions by the U.S. or foreign governments, such as the imposition of additional export restrictions or tariffs; consolidation among our customers and our dependence on a relatively small number of large customers; risks and compliance obligations relating to the global nature of our operations; failure to complete the Ansys Merger on the terms described in our filings with the Securities and Exchange Commission (SEC), if at all; failure to obtain required governmental approvals related to the Ansys Merger or the imposition of conditions to such governmental approvals that may have an adverse effect on us; failure to realize the benefits expected from the Ansys Merger; and more. Additional information on potential risks, uncertainties and other factors that could affect Synopsys’ results is included in filings we make with the SEC from time to time, including in the sections entitled “Risk Factors" in our latest Annual Report on Form 10-K, and in our latest Quarterly Report on Form 10-Q. The financial information contained in this presentation should be read in conjunction with the consolidated financial statements and notes thereto included in Synopsys’ most recent reports on Forms 10-K and 10-Q, each as may be amended from time to time. Synopsys’ financial results for its second quarter of fiscal year 2025 are not necessarily indicative of Synopsys’ operating results for any future periods. The information provided herein is as of May 28, 2025. Synopsys undertakes no duty to, and does not intend to, update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law. Regulation G In addition to financial results prepared in accordance with Generally Accepted Accounting Principles (GAAP), this presentation also contains certain non-GAAP financial measures. When possible, Synopsys provides a reconciliation of non-GAAP financial measures to their most closely applicable GAAP financial measures. Reconciliations of certain of the nonGAAP financial measures (either contained in this presentation or given verbally) to their most comparable GAAP measures are included in the table at the end of this presentation, along with the second quarter of fiscal year 2025 earnings release and financial supplement, dated May 28, 2025, and available on Synopsys’ website at https://investor.synopsys.com/overview/default.aspx. Synopsys is unable to provide a reconciliation of its long-term, multi-year target for annual non-GAAP EPS growth and certain third quarter and full fiscal year 2025 non-GAAP financial targets to the corresponding GAAP financial measures on a forward-looking basis because Synopsys believes that it would not be possible for it to have the required information necessary to quantitatively reconcile such measures with sufficient precision without unreasonable efforts due to, among other things, the potential variability and limited predictability of the excluded adjustment items necessary for a full reconciliation such as certain acquisition/divestiture related items, restructuring charges, tax deduction variability, changes in the fair value of non-qualified deferred compensation plan, and gains (losses) on the sale of strategic investments. For the same reasons, Synopsys is unable to address the probable significance of the unavailable information. Investors are encouraged to review Item 2.02 of Synopsys’ Current Report on Form 8-K filed on May 28, 2025, for additional information about the measures Synopsys uses to evaluate its core business operations.

• 3. © 2025 Synopsys, Inc. 3 Empowering Our Customers’ Innovation MISSION Empower technology innovators everywhere VALUE PROPOSITION Maximize customers’ R&D capabilities and multiply their productivity PURPOSE To power innovation today that ignites the ingenuity of tomorrow

• 4. © 2025 Synopsys, Inc. 4 Powering the Era of Pervasive Intelligence Silicon proliferation More silicon content everywhere Addressing productivity and talent gaps Software-defined systems New applications, new methodologies Enabling increased complexity, enablement of new developers Artificial intelligence Exponential productivity and efficiency gains Overcoming energy and compute limits SILICON-TO-SYSTEMS DESIGN SOLUTIONS New design paradigm; Solving challenges and addressing complexity

• 5. © 2025 Synopsys, Inc. 5 Synopsys: Industry & Technology Leader Broad Product Portfolio Electronic Design Automation (EDA) Semiconductor Intellectual Property (IP) FY241 FY25 Targets2, 3 Revenue: $6.127B $6.745B – $6.805B Growth Rate: 15.2% ~10-11% Non-GAAP Operating Margin: 38.5% ~40.0%* *Midpoint of range Non-GAAP Diluted EPS: $13.20 $15.11 – $15.19 Growth Rate: 25.2% ~15% 1 On September 30, 2024, Synopsys completed the sale of its Software Integrity business. Unless otherwise noted, Synopsys’ Software Integrity business has been presented as a discontinued operation in the Synopsys’ consolidated financial statements for all periods presented in this presentation and all financial results and targets are presented herein on a continuing operations basis. 2 Targets and multi-year objectives provided as of May 28, 2025. See for GAAP to non-GAAP reconciliations below for more information. 3 Synopsys' fiscal year 2025 will end on October 31, 2025.

• 6. © 2025 Synopsys, Inc. 6 Long-term Financial Objectives on a Combined Company Basis1 1 These multi-year objectives are provided as of May 28, 2025 and include the pending acquisition of ANSYS, Inc. See GAAP to non-GAAP reconciliations below for more information. Revenue Industry-leading double-digit growth Design Automation: double digits Design IP: mid-teens Margin Long-term non-GAAP operating margins in mid 40s Long-term unlevered free cash flow margins in mid 30s Earnings Non-GAAP EPS growth in the high-teens range OUR COMBINED COMPANY LONG-TERM, MULTI-YEAR OBJECTIVES ARE:

• 7. © 2025 Synopsys, Inc. 7 Sources: Synopsys Estimates, Verified Market Research, TechInsights Global Value Chain—2024 EDA & IP—At the Heart of Accelerating Electronics Innovation EDA & IP $19.8B Embedded Software $17.7B Foundry $147B Semiconductors $683B Electronic Systems $2.50T

• 8. © 2025 Synopsys, Inc. 8 #1 in EDA, Leader in digital design and verification Over 1200 tape-outs at 16nm and below* Leader in GPU-accelerated analog verification Gold standard in Signoff and TCAD Pioneer in Silicon Lifecycle Management Industry-Leading, Full-Stack EDA Solution Industry Leader Hyperconverged AI-powered Systems Architecture Design Capture Verification Implementation Signoff Test & SLM Silicon Manufacturing Superior customer outcomes through deeper integration of best-in-class tools * Synopsys internal data

• 9. © 2025 Synopsys, Inc. 9 AI-powered First to Deliver AI-Powered EDA Generative Generate RTL, Test Bench, Formal Collateral Collaborative Expert answers, expert root causes Generative AI Since 2023 AI-driven DSO.ai VSO.ai TSO.ai ASO.ai optimization Since 2020 10% better performance per watt 4x TAT for same coverage 25% average pattern count reduction 4x TAT for circuit opt. AI-driven Design.da Silicon.da Fab.da data analytics Since 2022 Better PPA from aggregated insights Higher yield and quality Higher fab efficiency Hyperconverged Systems Architecture Design Capture Verification Implementation Signoff Test Manufacturing Reducing time to market and delivering best PPA

• 10. © 2025 Synopsys, Inc. 10 Synopsys Digital Design 20% Better Quality-of-Results 2X Faster Time-to-Results • Flagship tools: synthesis, P&R, signoff • Fusion of algorithms, engines, data model • Two fusion types: test and signoff Fusion Architecture • Industry-unique Fusion Compiler • Design Compiler® NXT, TestMAX, IC Validator NXT • PrimeShield , PrimeClosure, RTL Architect Innovative Products • ML-enhanced tools, AI-driven apps: DSO.ai and TSO.ai • Accelerating AI, automotive, and multi-die systems • Cloud-ready Market Leadership SYNOPSYS DIGITAL DESIGN FAMILY Fusion Compiler IC Compiler II Design Compiler® NXT RTL Architect TestMAX PrimeTime®, PrimeShield PrimePower PrimeLib PrimeClosure StarRC IC Validator NXT Formality® / Formality® ECO RedHawk Analysis Fusion Signoff Fusion Test Fusion Monitor IP Silicon.da 3DIC Compiler SYSTEM DESIGN DIGITAL DESIGN POST SILICON

• 11. © 2025 Synopsys, Inc. 11 Complete product family with leading products in all categories, hardware-based and software-based Best-in-Class Verification Highest-performance engines accelerate time-to-market Fastest Engines • ML-enhanced tools, AI-driven apps: VSO.ai • Investing in domain-specific verification solutions • Cloud-ready Accelerating Innovation Synopsys Verification SYNOPSYS VERIFICATION FAMILY Planning & Coverage Platform Architect Virtualizer VC SpyGlass VC Formal VCS® ZeBu® HAPS® VIP, Transactors, Virtual & Memory Models Verdi®

• 12. © 2025 Synopsys, Inc. 12 Best-in-class IP portfolio for 2.5D & 3D standard & adv. packaging Silicon IP Rapid software development and validation with high-capacity emulation & prototyping Software Dev. & Validation Efficient die/package co-design with unified exploration-to-signoff platform Design Implementation Improve health, security & reliability from production to in-field with test, analysis & repair solution Manufacturing & Health Optimize thermal, power, and performance with early exploration and partitioning Architecture Exploration Synopsys Multi-Die Solution A Comprehensive and Scalable Solution for Fast Heterogeneous Integration

• 13. © 2025 Synopsys, Inc. 13 25 years of investment & commitment #2 IP provider worldwide Leader in Foundation IP Leader in Interface IP Growing Processor and Security IP portfolios Broadest & Most Advanced IP Portfolio Increase productivity and reduce design risk with high-quality Synopsys IP Security IP Processor IP Foundation IP Other IP Interface IP Custom Logic

• 14. © 2025 Synopsys, Inc. 14 Broadest Portfolio of Foundation IP for Advanced Nodes Lowest Power, Highest Performance and Smallest Area • Comprehensive solution delivering best PPA, proven in billions of devices – Optimized cell set tailored for advanced nodes and market segments – Memory DFT and power management support • Aligned with foundry PDK versions and EDA views • Proven with industry leading EDA tools High-Density Ultra-High-Density GPIO, Specialty IO, 3DIO, OTP NVM Embedded Memories, Logic Libraries, Test & Repair High Speed Multi-Port and TCAM Memories

• 15. © 2025 Synopsys, Inc. 15 GAAP to Non-GAAP Reconciliation Earnings Per Share—Full Fiscal Year 2025 Targets 1 Adjustments reflect actual expenses incurred by Synopsys as of April 30, 2025 or certain contractually obligated financing fees and related amortization expenses, and do not fully reflect all potential adjustments for future periods. For additional information about the measures Synopsys uses to evaluate its core business operations, please review the earnings press release and Item 2.02 of the Current Report on Form 8-K filed on May 28, 2025. Low High Target GAAP earnings per diluted share attributed to Synopsys $ 10.14 $ 10.34 Adjustments: Amortization of acquired intangible assets 0.32 0.29 Stock-based compensation 5.30 5.22 Acquisition/divestiture related items (1) 0.93 0.92 Gain on sale of strategic investments 0.02 0.02 Tax adjustments (1.60) (1.60) Target non-GAAP earnings per diluted share attributed to Synopsys $ 15.11 $ 15.19 Shares used in non-GAAP calculation (midpoint of target range) 157,000 157,000 Range for Fiscal Year Ending October 31, 2025

• 16. © 2025 Synopsys, Inc. 16 GAAP to Non-GAAP Reconciliation1 Operating Margin—Midpoint of Fiscal Year 2025 Targets 1 These numbers represent the midpoint of targets in the prepared remarks provided on May 28, 2025, and do not represent official guidance for fiscal year 2025. 2 Adjustments reflect actual expenses incurred by Synopsys as of April 30, 2025 and do not fully reflect all potential adjustments for future periods. For additional information about the measures Synopsys uses to evaluate its core business operations, please review the earnings press release and Item 2.02 of the Current Report on Form 8-K filed on May 28, 2025. Fiscal Year Ending October 31, 2025 At midpoint of revenue and expense guidance ranges GAAP operating margin 25.6 % Amortization of acquired intangible assets 0.7 % Stock-based compensation 12.2 % Acquisition/divestiture related items (2) 1.5 % Target non-GAAP operating margin 40.0 %

• 17. © 2025 Synopsys, Inc. 17 GAAP to Non-GAAP Reconciliation1 Earnings Per Share – Fiscal Year 2024 Actual Results 1 Synopsys' fiscal year 2024 ended on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. Twelve Months Ended October 31, 2024 GAAP net income from continuing operations per diluted share attributed to Synopsys $ 9.25 Adjustments: Amortization of acquired intangible assets 0.67 Stock-based compensation 4.21 Acquisition/divestiture related items 1.11 Gain on sale of strategic investments (0.35) Tax adjustments (1.69) Non-GAAP net income from continuing operations per diluted share attributed to Synopsys $ 13.20 Shares used in computing net income per diluted share amounts: 155,944

• 18. © 2025 Synopsys, Inc. 18 GAAP to Non-GAAP Reconciliation1,4 Operating Margin – Fiscal Year 2024 Actual Results 1 Synopsys' fiscal year 2024 ended on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. 2 The adjustment includes non-GAAP expenses attributable to non-controlling interest and redeemable non-controlling interest. 3 The adjustment excludes the amortization of bridge financing costs entered into in connection with the pending Ansys Merger that was recorded in interest expense in our unaudited condensed consolidated statements of income. 4 Presented on a continuing operations basis. Twelve Months Ended October 31, 2024 GAAP operating margin 22.1 % Amortization of acquired intangible assets(2) 2.0 % Stock-based compensation(2) 10.7 % Acquisition/divestiture related items (3) 2.3 % Non-qualified deferred compensation plan 1.4 % Non-GAAP operating margin 38.5 %

• 19. © 2025 Synopsys, Inc. 19 Responsible Business Highlights ENVIRONMENT SOCIAL GOVERNANCE Standing by our commitment to integrity as a hallmark of our success Supporting, valuing and respecting our global talent to enable a culture of innovation Addressing our footprint and enabling our customers to innovate for a greener world Recognized for environmental management (B) Reducing our carbon footprint with SBTi targets Empowering customers to design energy-efficient, powerful and trusted chips Bridging academia and industry to create new opportunities for innovation and collaboration 3 of 9 of our governing Board of Directors are women All employees are required to take annual Ethics and Compliance Training during Integrity Awareness Month ISO 22301 Business Continuity Certification Donated $5.6M to charities in CY24 focused on STEM education, community and environment Received nearly 60 awards in 14 countries in FY24

• 20. Thank you