ATLAS
Semiconductor design software (EDA)·US·Sunnyvale, CA·#1 / 3 in segment·23.4% of segment mcap
$498.93
-27.7% vs S&P 12m

Largest EDA vendor and a major silicon IP supplier; pending Ansys deal extends into multiphysics simulation used in chip and system design.

EDA is the gateway to every new AI chip. Synopsys captures recurring spend regardless of which hyperscaler or merchant vendor wins the next round of silicon.

Products
  • Fusion Design
  • Verification (VCS)
  • Silicon IP
  • Software integrity
Competitors (3)

Composite score

Higher = stronger overall research case

70
Fundamental74
Technical55
Valuation80
AI relevance78
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 67

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 4.5%6M RS: 16.5%12M RS: -27.7%Vol30d: 42%DD52w: -22.7%

Financial summary

Curated, illustrative

Revenue
$8.01B
Growth (YoY)
65.5%
Gross margin
82.0%
Operating margin
13.3%
FCF
$3.10B
Capex
$0.00
Net cash / (debt)
$-8.67B
ROIC
2.0%
Customer conc.
Medium

Valuation

Market cap
$95.58B
Enterprise value
$104.24B
P/E (TTM)
76.3x
Forward P/E
29.3x
EV / Sales
13.0x
EV / EBITDA
64.5x
P / FCF
30.9x
PEG
3.3x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 3
    Ansys integration risk
  • 3
    Premium multiple compression risk
  • 3
    China revenue exposure & export controls

Score components

What drove the composite

Growth99
Profitability50
Cash generation97
Balance sheet39
Moat / AI relevance75
Capital intensity (higher = lighter)83
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)65
Momentum (3/6/12m)59
Relative strength40
Realized vol (higher = lower vol)50