Synopsys, Inc. (Nasdaq: SNPS) has entered into an accelerated share repurchase agreement to repurchase an aggregate of $1 billion of its stock. The company announced the transaction on October 5, 2026, in a filing with the Securities and Exchange Commission.
Under the agreement, JPMorgan Chase Bank, National Association, serves as the counterparty. Synopsys will receive an initial delivery of approximately 1,735,000 shares. The remainder of the repurchase, if any, is scheduled to be settled on or before January 5, 2027.
The total number of shares Synopsys ultimately repurchases will depend on the average of the company's daily volume-weighted average share prices during the repurchase period, less a discount. The specific final share count will be determined upon completion of the repurchases.
Synopsys noted that the press release contains forward-looking statements regarding the expected settlement of the accelerated share repurchase. The company stated that these statements involve risks and uncertainties that could cause actual results or timeframes to differ from those expressed. Factors cited include the market price of Synopsys common stock during the repurchase period and the ability of JPMorgan Chase Bank to buy or borrow shares. The company also pointed to global and regional economic conditions, including potential illiquidity in the banking and financial services industry, as factors that could impact the outcome.
Synopsys, identified in the filing as a leader in engineering solutions from silicon to systems, delivers silicon design, intellectual property, simulation and analysis solutions. Tushar Jain serves as the investor contact for Synopsys, while Cara Walker is listed as the editorial contact.