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Synopsys logoSynopsys SNPS

Synopsys said it received a letter from the U.S. Department of Commerce's Bureau of Industry and Security (BIS) on May 29, 2025 informing it of new China-related export restrictions. The letter came after the company announced its financial results for the Q2 quarter ended April 30, 2025 (BIS Letter).

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Synopsys said it received a letter from the U.S. Department of Commerce's Bureau of Industry and Security (BIS) on May 29, 2025 informing it of new China-related export restrictions. The letter came after the company announced its financial results for the Q2 quarter ended April 30, 2025 (BIS Letter).

  2. The company said that, in connection with the BIS Letter, it suspended its financial guidance for the Q3 of fiscal 2025 and for full-year fiscal 2025.

  3. Synopsys said it is currently assessing the potential impact of the BIS Letter on its business, operating results and financial condition.

  4. Synopsys said the information in Item 7.01 is not deemed filed under Section 18 of the Securities Exchange Act and is not incorporated by reference into other registration statements or filings. It said the information is as of May 29, 2025 and that it does not intend to update forward-looking statements unless required by law.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Synopsys receives BIS letter on China export curbs

Synopsys said it received a letter from the U.S. Department of Commerce's Bureau of Industry and Security (BIS) on May 29, 2025 informing it of new China-related export restrictions. The letter came after the company announced its financial results for the Q2 quarter ended April 30, 2025 (BIS Letter).

Source · Based on the filing body and exhibits

Synopsys suspends Q3 and full-year outlook

The company said that, in connection with the BIS Letter, it suspended its financial guidance for the Q3 of fiscal 2025 and for full-year fiscal 2025.

Source · Based on the filing body and exhibits

Synopsys assessing BIS Letter impact

Synopsys said it is currently assessing the potential impact of the BIS Letter on its business, operating results and financial condition.

Source · Based on the filing body and exhibits

Nature of Item 7.01 information filing

Synopsys said the information in Item 7.01 is not deemed filed under Section 18 of the Securities Exchange Act and is not incorporated by reference into other registration statements or filings. It said the information is as of May 29, 2025 and that it does not intend to update forward-looking statements unless required by law.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.