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Goodwill and Intangible Assets | 9 Months Ended
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Jul. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill during the nine months ended July 31, 2025 are as follows:
| (in thousands)
Balance at October 31, 2024 | $ | 3,448,850 |
Additions | 23,493,632 |
Adjustments | (19,470) |
Effect of foreign currency translation | 22,711 |
Balance at July 31, 2025 | $ | 26,945,723 |
The change in goodwill during the nine months ended July 31, 2025 resulted primarily from $23.5 billion related to the Ansys Merger. For additional information, refer to Note 4. Acquisition of Ansys. Intangible Assets Intangible assets as of July 31, 2025 consist of the following:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
| (in thousands)
Core/developed technology | $ | 7,271,070 |  |  | $ | 699,991 |  |  | $ | 6,571,079 |
Customer relationships | 5,399,231 |  |  | 269,100 |  |  | 5,130,131 |
Contract rights intangible | 613,263 |  |  | 182,895 |  |  | 430,368 |
Trademarks and trade names | 961,325 |  |  | 12,991 |  |  | 948,334 |
Total | $ | 14,244,889 |  |  | $ | 1,164,977 |  |  | $ | 13,079,912 |
Intangible assets as of October 31, 2024 consist of the following:
| Gross Carrying Amount |  | Accumulated Amortization and Impairment |  | Net Carrying Amount
| (in thousands)
Core/developed technology | $ | 904,347 |  |  | $ | 777,518 |  |  | $ | 126,829 |
Customer relationships | 314,140 |  |  | 247,025 |  |  | 67,115 |
Contract rights intangible | 176,382 |  |  | 175,170 |  |  | 1,212 |
Trademarks and trade names | 12,925 |  |  | 12,917 |  |  | 8 |
Total | $ | 1,407,794 |  |  | $ | 1,212,630 |  |  | $ | 195,164 |
Amortization expense related to intangible assets consists of the following:
| Three Months Ended July 31, |  | Nine Months Ended July 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Core/developed technology | $ | 37,357 |  |  | $ | 13,447 |  |  | $ | 52,883 |  |  | $ | 38,373 |
Customer relationships | 26,907 |  |  | 4,058 |  |  | 34,895 |  |  | 11,467 |
Contract rights intangible | 9,011 |  |  | 1,063 |  |  | 9,741 |  |  | 3,465 |
Trademarks and trade names | 1,666 |  |  | 4 |  |  | 1,674 |  |  | 12 |
Total | $ | 74,941 |  |  | $ | 18,572 |  |  | $ | 99,193 |  |  | $ | 53,317 |
The following table presents the estimated future amortization of acquired intangible assets as of July 31, 2025:
Fiscal year | (in thousands)
Remainder of fiscal 2025 | $ | 405,134 |
2026 | 1,613,162 |
2027 | 1,544,552 |
2028 | 1,383,210 |
2029 | 1,380,773 |
2030 and thereafter | 6,753,081 |
Total | $ | 13,079,912 |

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