Ladies and gentlemen, welcome to the Synopsys Earnings Conference Call for the First Quarter Fiscal Year 2026. Today's call will last one hour and is being recorded. I now turn the conference over to Tushar Jain, Head of Investor Relations. Please go ahead.
Tushar Jain
Head of Investor Relations
0.00Good afternoon, everyone. With us today are Sassine Ghazi, President and CEO of Synopsys; and Shelagh Glaser, CFO. Before we begin, I'd like to remind everyone that during the course of this conference call, Synopsys will discuss forecasts, targets and other...
Sassine Ghazi
President and CEO
0.80Good afternoon. We're off to a strong start as we enter our 40th anniversary year with an expanded portfolio, leadership positions across the business and the most compelling road map in our history. In Q1, we achieved revenue at the high end of our guidance...
Thank you, Sassine. As Sassine noted, Q1 '26 marked a strong start to the year with revenue at the upper end of our guided range, non-GAAP operating margin of 42.1% and non-GAAP EPS above guidance. These results reflect strong execution and financial...
Our first question today will come from Charles Shi from Needham & Company.
So the first one, I want to dig a little bit more into the IP segment. Thanks for the commentary, muted growth for the year, but sequential improvement from here for the remainder of the year; but it does look to me that the second half IP revenue should see...