GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2024 Targets ⁽¹⁾

(in thousands, except per share amounts)

Range for Fiscal Year Ending

October 31, 2024

Low

High

Target GAAP expenses

$         5,021,932

$         5,078,932

Adjustments:

      Amortization of acquired intangible assets

(103,000)

(108,000)

      Stock-based compensation

(748,000)

(760,000)

      Acquisition/divestiture related items

(30,932)

(30,932)

Target non-GAAP expenses

$         4,140,000

$         4,180,000

Range for Fiscal Year Ending

October 31, 2024

Low

High

Target GAAP earnings per diluted share attributed to Synopsys

$                  9.56

$                  9.74

Adjustments:

      Amortization of acquired intangible assets

0.69

0.66

      Stock-based compensation

4.87

4.79

      Acquisition/divestiture related items

0.20

0.20

      Gain on sale of strategic investments

(0.35)

(0.35)

      Tax adjustments

(1.50)

(1.49)

Target non-GAAP earnings per diluted share attributed to Synopsys

$                13.47

$                13.55

Shares used in non-GAAP calculation (midpoint of target range)

156,000

156,000

(1) Synopsys' second quarter of fiscal year 2024 and its fiscal year 2024 will end on May 4, 2024 and November 2, 2024,

respectively. For presentation purposes, we refer to the closest calendar month end.