Synopsys Digital Design Family Presentation
Forward-Looking Statements
This presentation contains forward-looking statements, including, but not limited to, statements regarding Synopsys' short-term and long-term financial targets,
expectations and objectives; strategies related to our products, technology and services; business and market outlook, opportunities and strategies; the expected
impact of U.S. and foreign government actions and regulatory changes, including export control restrictions on our financial results; the potential impact of the
uncertain macroeconomic environment on our financial results; customer demand and market expansion; our planned product releases and capabilities; industry
growth rates; software trends; planned acquisitions and stock repurchases; our expected tax rate; and the impact and result of pending legal, 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
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; 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 third quarter of fiscal year 2023 are not necessarily indicative of Synopsys'
operating results for any future periods. The information provided herein is as of August 16, 2023. 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, or 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 non-GAAP 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 third quarter of fiscal year 2023 earnings release and financial supplement, dated August 16, 2023,
and available on Synopsys' website at https://investor.synopsys.com/news/default.aspx. Synopsys is unable to provide a reconciliation of certain non-GAAP guidance
measures to the corresponding GAAP measures on a forward-looking basis because doing so would not be possible without unreasonable effort due to, among other
things, the potential variability and limited visibility of the excluded items. 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 August 16, 2023, for additional information
about the measures Synopsys uses to evaluate its core business operations.
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