Investor Presentaiton
GAAP to Non-GAAP Reconciliation (1)(2)
Operating Margin - Midpoint of Fiscal Year 2023 Targets
At midpoint of revenue and expense guidance ranges
GAAP operating margin
Amortization of intangible assets
Stock compensation
Acquisition-related items
Restructuring charges
Target non-GAAP operating margin
Twelve Months Ending
October 31, 2023
21.7%
1.8%
10.1%
0.1%
0.8%
34.5%
(1) Synopsys' fiscal year 2023 will end on October 28, 2023. For presentation purposes, we refer to the
closest calendar month end.
(2) These numbers represent the midpoint of targets in the prepared remarks provided on May 17, 2023,
and do not represent official guidance for fiscal year 2023.
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 17, 2023.
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© 2023 Synopsys, Inc.
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