GAAP to Non-GAAP Reconciliation of Fourth Quarter Fiscal Year 2022 Targets ⁽¹⁾
(in thousands, except per share amounts)

 Range for Three Months

October 31, 2022

Low

High

Target GAAP expenses

$        1,076,000

$        1,096,000

Adjustments:

      Amortization of intangible assets

(26,000)

(29,000)

      Stock compensation

(131,000)

(138,000)

Target non-GAAP expenses

$           919,000

$           929,000

Range for Three Months

October 31, 2022

Low

High

Target GAAP earnings per diluted share

$                 1.06

$                 1.18

Adjustments:

      Amortization of intangible assets

0.18

0.17

      Stock compensation

0.88

0.83

      Tax adjustments

(0.32)

(0.33)

Target non-GAAP earnings per diluted share

$                 1.80

$                 1.85

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

157,500

157,500

GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2022 Targets ⁽¹⁾
(in thousands, except per share amounts)

Range for Fiscal Year

October 31, 2022

Low

High

Target GAAP expenses

$        3,978,389

$        3,998,389

Adjustments:

      Amortization of intangible assets

(96,000)

(99,000)

      Stock compensation

(464,000)

(471,000)

      Acquisition-related costs

(11,332)

(11,332)

      Restructuring charges

(12,057)

(12,057)

Target non-GAAP expenses

$        3,395,000

$        3,405,000

Range for Fiscal Year

October 31, 2022

Low

High

Target GAAP earnings per diluted share

$                 6.37

$                 6.49

Adjustments:

      Amortization of intangible assets

0.63

0.62

      Stock compensation

3.01

2.96

      Acquisition-related costs

0.07

0.07

      Restructuring charges

0.08

0.08

      Tax adjustments

(1.36)

(1.37)

Target non-GAAP earnings per diluted share

$                 8.80

$                 8.85

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

157,500

157,500

(1) Synopsys' fourth quarter of fiscal year 2022 and fiscal year 2022 will end on October 29, 2022. For presentation purposes,
we refer to the closest calendar month end.