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Synopsys's management tone tended to become more positive when quarterly net income improved.
Does not remain notable after adjusting for hundreds of tests. Why?
The analysis measures a same-filing relationship, not a forecast. Limitations
Each dot represents one 10-Q filing. Points farther right have more positive MD&A tone. Points higher on the chart had stronger year-over-year net income growth, after extreme percent changes are capped. Upper-right and lower-left points indicate tone and earnings moving in the same direction. How to read this chart
Tone and earnings moved in the same direction in 6 of 13 comparable quarters.
6 / 13 direction agreement
How is agreement calculated?| Spearman ρ (exact) | 0.311 (p=0.260) |
|---|---|
| Pearson r | 0.246 (p=0.377) |
| 95% CI (Pearson) | [-0.30, 0.67] |
| FDR q | 0.638 |
| Sample size (n) | 15 · More established sample |
| Agreement | 6 / 13 (6 / 13) |
Secondary to net income because revenue concepts are less comparable across some industries.
Annual samples are shorter and are not mixed into the default quarterly board.
Tone shown to three decimals so small nonzero values stay visible.
| Date | Form | Tone | Net income YoY | Revenue YoY |
|---|---|---|---|---|
| May 27, 2026 | 10-Q | -0.360 | -95.0% | +41.9% |
| Feb 25, 2026 | 10-Q | -0.334 | -78.0% | +65.5% |
| Sep 9, 2025 | 10-Q | -0.380 | -40.6% | +14.0% |
| May 28, 2025 | 10-Q | -0.345 | +18.2% | +10.3% |
| Feb 26, 2025 | 10-Q | -0.375 | -34.2% | -11.8% |
| Aug 23, 2024 | 10-Q | -0.254 | +21.4% | +2.6% |
| May 24, 2024 | 10-Q | -0.260 | +7.0% | +4.3% |
| Feb 23, 2024 | 10-Q | -0.272 | +65.4% | +21.1% |
| Aug 18, 2023 | 10-Q | +0.002 | +51.0% | +19.2% |
| May 19, 2023 | 10-Q | -0.011 | -7.4% | +9.0% |
| Feb 17, 2023 | 10-Q | -0.352 | -13.4% | +7.2% |
| Aug 19, 2022 | 10-Q | -0.370 | +12.1% | +18.0% |
| May 20, 2022 | 10-Q | -0.377 | +51.1% | +24.9% |
| Feb 18, 2022 | 10-Q | -0.336 | +93.2% | +30.9% |
| Aug 20, 2021 | 10-Q | -0.305 | -21.5% | +9.6% |
| Date | Form | Tone | Net income YoY | Revenue YoY |
|---|---|---|---|---|
| Dec 22, 2025 | 10-K | -0.031 | -41.1% | +15.1% |
| Dec 19, 2024 | 10-K | +0.030 | +84.0% | +4.9% |
| Dec 12, 2023 | 10-K | +0.050 | +24.9% | +15.0% |
| Dec 12, 2022 | 10-K | +0.048 | +30.0% | +20.9% |
| Dec 13, 2021 | 10-K | +0.059 | +14.0% | +14.1% |