SNPS · PEAD ↓ 70

Synopsys reported Q2 FY2026 EPS of $3.35 on 2026-05-27, beating the $3.16 consensus by $0.19 (+6.0%) after market close.

Print-day reaction was –1.6% from the prior close, a muted negative response that belied the EPS beat — the market's verdict was clearly not about the headline number. The overnight gap into T+1 open deepened the damage by another –3.0%, signalling that after-hours sellers were firmly in control. Over the following two trading sessions the drift continued lower, with the stock printing a total 3-day return of –7.9% against a benchmark that gained +1.1% over the same window. Cumulative abnormal return of –9.0% versus SPY.US puts this squarely in PEAD short territory; per the documented drift pattern, the read is held through 2026-08-24.