Synopsys.aiTM: Industry's First Full-Stack, Al-Driven EDA Suite
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, strategies and technological
trends, such as artificial intelligence; 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 and geopolitical 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 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; 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
fourth quarter and fiscal year 2023 are not necessarily indicative of Synopsys' operating results for any future periods. The information provided herein is as of
November 29, 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 fourth quarter of fiscal year 2023 earnings release and financial supplement, dated November 29,
2023, and available on Synopsys' website at https://investor.synopsys.com/overview/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 November 29, 2023, for
additional information about the measures Synopsys uses to evaluate its core business operations.
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