ANSYS stock converts to Synopsys shares as merger terms take effect

ANSYS stock has been converted into a mix of cash and Synopsys shares under the completed merger, giving former ANSYS investors new exposure to the enlarged electronic design and simulation group as of late August 2026.

ANSYS Inc. (US0357101090) stock has ceased trading as a standalone equity and been converted into a combination of cash and shares of Synopsys Inc. under the cash-and-stock merger that closed prior to August 26, 2026, giving former ANSYS investors direct exposure to the larger design and simulation platform.

Merger terms reshape ANSYS exposure

According to a corporate actions overview updated on August 26, 2026, each former share of ANSYS common stock is being exchanged for $199.910 in cash plus 0.3399 share of Synopsys Inc., locking in a mixed consideration structure that ties ANSYS holders to Synopsys future performance. The corporate actions tracker shows that fractional Synopsys shares resulting from the 0.3399 exchange ratio are retained in investor accounts rather than paid out in cash.

This fixed cash amount of $199.910 per ANSYS share establishes a clear cash floor that investors received at closing, while the equity component of 0.3399 Synopsys share per ANSYS share means the final economic value has moved in line with Synopsys market price since completion. Because ANSYS is now fully consolidated, any further upside or downside is driven by Synopsys execution and market perception rather than ANSYS standalone fundamentals.

Synopsys earnings highlight Ansys contribution

The impact of integrating Ansys into the Synopsys portfolio is already visible in Synopsys latest reported figures. In third quarter fiscal 2026, ended in late July 2026, Synopsys reported revenue of $2.477 billion, up from $1.740 billion in the third quarter of fiscal 2025, supported by broader design automation demand and contributions from the acquired simulation business. The Q3 fiscal 2026 earnings release notes that this jump in revenue lifted total sales by $737 million year over year in a single quarter.

On a non-GAAP basis, Synopsys delivered earnings per share of $3.91 in the third quarter of fiscal 2026, exceeding the high end of prior guidance and topping the $3.67 consensus that analysts had projected for the period. The company also reported GAAP net income of $545.8 million, or $2.84 per diluted share, up from $242.5 million, or $1.50 per diluted share, in the prior-year quarter, highlighting stronger profitability after absorbing the Ansys business. Management simultaneously raised full-year fiscal 2026 total revenue guidance to a midpoint of $9.715 billion and increased full-year non-GAAP EPS guidance to a midpoint of $15.07, signaling confidence in continued demand and in the combined company margin profile.

From a former ANSYS shareholder perspective, these numbers matter because the 0.3399 share component effectively converts each old ANSYS share into participation in Synopsys revenue and earnings growth. The revenue increase from $1.740 billion to $2.477 billion in a single quarter underscores how the integration of Ansys has expanded the scale of the combined business, while the raised full-year guidance indicates that management sees sustained benefits rather than a one-off spike.

Strategic role of engineering simulation

Ansys simulation technology now sits inside a broader chip-to-system design workflow at Synopsys, positioning the combined group to address engineering challenges from semiconductor design through system-level validation. Recent earnings commentary highlights that investors are focused on whether the Ansys integration can support continued double-digit growth in the years following the 2025 acquisition and on how quickly cross-selling between design automation and simulation can scale.

Before the deal closed in July 2025, the acquisition of Ansys was valued at $35 billion, and management indicated that expanding the addressable market for the combined company to $31 billion was a key strategic objective. While those pre-closing figures are now historical reference points, the fiscal 2026 revenue run-rate provides a more current indication of how the enlarged company is tracking against its scale ambitions. For investors who previously owned ANSYS directly, the investment case has therefore transitioned from a pure-play simulation story to participation in a diversified design and simulation platform where AI-enabled tools, electronic design automation, and multiphysics simulation are expected to reinforce one another.

Ansys flagship simulation software

Within this new structure, the Ansys software portfolio remains a central asset. The flagship Ansys Mechanical and related multiphysics solutions are widely used by engineers to model structural, thermal, and dynamic behavior of products before physical prototypes are built, aiming to shorten development cycles and reduce costly late-stage design changes. These tools support sectors ranging from automotive and aerospace to industrial equipment and energy, where digital prototypes can substantially cut testing time.

As part of Synopsys, these simulation capabilities can now be linked more tightly with chip and system design flows. This combination allows design teams to consider electromagnetic, thermal, and structural factors earlier in the process, potentially improving reliability and performance of complex systems such as electric vehicles, data-center equipment, and advanced manufacturing tools. For former ANSYS shareholders whose stock has converted into Synopsys equity, the commercial traction of these integrated workflows will be a key driver of long-term value.

Stock conversion frames investor outlook

With ANSYS stock no longer trading independently on public exchanges, there is no separate ANSYS price level or 52-week range for investors to track after the completion of the merger. Instead, the economic value of the former ANSYS stake can be understood through the fixed $199.910 cash component plus the 0.3399 share of Synopsys common stock received for each ANSYS share, multiplied by the current Synopsys share price on any given trading day. As of late August 2026, that structure means the performance of Synopsys stock, supported by reported third quarter fiscal 2026 revenue of $2.477 billion and non-GAAP EPS of $3.91 together with raised full-year guidance to a $9.715 billion revenue midpoint and $15.07 non-GAAP EPS midpoint, is the primary driver for investors who once held ANSYS directly.

Fact box

Company: ANSYS Inc.

ISIN: US0357101090

Ticker: ANSS (converted)

Exchange: Nasdaq (delisted following merger into Synopsys)