Berenberg analyst Gal Munda noted that Ansys issued corrections to certain disclosures relating to its Q2 prepared remarks as the number of large deals, and the size of the largest deal, had been overstated. Munda said the event is "not a big deal," as it does not impact any of the financial metrics and management reassured him that the misstatement was an isolated occurrence and that that none of the other previously disclosed information relating to large deal announcements was misstated. The analyst, who said the issue does not materially affect his view on the stock and will have no impact on his estimated financials, keeps a Buy rating and $200 price target on Ansys shares.

Ansys (ANSS) announced a collaboration with TSMC (TSM) on multiphysics software for TSMC's Compact Universal Photonic Engines. COUPE is a cutting-edge Silicon Photonics integration system and Co-Packaged Optics platform that mitigates coupling loss while significantly accelerating chip-to-chip and machine-to-machine communication. TSMC COUPE, along with Ansys multiphysics solutions that are integrated with Synopsys' 3DIC Compiler unified exploration-to-signoff platform, enables the next generation of silicon photonics and co-packaged optics designs for applications in AI, datacenter, cloud, and HPC communications. The work spans multiple areas, including fiber-to-chip coupling, integrated electronic-photonic chip design, power integrity verification, high-frequency electromagnetic analysis, and critical thermal management.