Synopsys shares rose sharply after the chip-design software company issued stronger fiscal 2027 guidance, outlined 23% pro-forma annual EPS growth through fiscal 2030, and announced collaborations with OpenAI and AWS. BofA raised its price target to $600 from $500 and KeyBanc lifted its target to $605 from $600. Synopsys forecast fiscal 2027 revenue of $11.10 billion to $11.20 billion, or $11.15 billion at the midpoint, and non-GAAP EPS of $19.04 to $19.12. It expects approximately 44% non-GAAP operating margin, about $3.6 billion in operating cash flow and $500 million in capital spending. The company is targeting mid-teens annual revenue growth and roughly 50% non-GAAP operating margin by fiscal 2030, while planning to repurchase approximately $1 billion of stock. Synopsys and OpenAI plan to develop and globally offer GPT-Synopsys, a revenue-sharing model for semiconductor engineering, with OpenAI licensing Synopsys tools for development. Amazon has agreed to a multiyear custom silicon IP arrangement worth more than $1 billion, giving it access to application-optimized Synopsys IP for processors including Trainium and Graviton. Investors remain focused on execution, Ansys integration, export controls, tariffs, customer concentration and restructuring charges.