Autodesk Inc
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.63%.
Did ADSK Beat Earnings? Q2 2026 Results
Autodesk delivered a strong fiscal second quarter of 2026, beating Wall Street expectations on both the top and bottom lines as revenue climbed 17.5% year-over-year to $1.76 billion, ahead of the $1.72 billion consensus, while non-GAAP EPS of $2.62 topped the $2.45 estimate by 6.90%. The primary engine behind the outperformance was the Architecture, Engineering, Construction, and Operations segment, which generated $878.00 million in revenue, up 23% year-over-year, driven by sustained investment in data centers, infrastructure, and industrial buildings that more than offset softness in commercial construction. Billings surged 36% to $1.68 billion, reflecting stronger-than-expected performance from the Autodesk Store and improved revenue recognition dynamics. Free cash flow more than doubled year-over-year to $451.00 million, underscoring the improving quality of earnings. Shares jumped more than 9% in after-hours trading following the results. Management raised full-year fiscal 2026 guidance, now targeting revenue of $7.03 billion to $7.08 billion and non-GAAP EPS of $9.80 to $9.98, reflecting first-half momentum and favorable foreign exchange tailwinds.
- AECO segment strength driven by sustained investment in data centers, infrastructure, and industrial buildings
- Autodesk Store performance stronger than expected
- Billings linearity during the quarter stronger than expected
- Up-front revenue stronger than expected
- Foreign exchange tailwinds
- Make business grew 20% YoY driven by cloud-based product subscriptions
“For more than a decade, Autodesk has been at the forefront of innovation — in BIM, SaaS, generative design, and now in generative AI. We have been building industry-specific foundation models and products capable of understanding and reasoning about 2D and 3D geometry, design and make data, complex structures, and even physical behavior.”
Autodesk CEO, on the earnings call
Forward Guidance & Outlook
Autodesk raised its full-year fiscal 2026 guidance to reflect underlying business strength in the first half and additional foreign exchange tailwinds, while keeping macroeconomic assumptions unchanged. Q3 FY26 guidance: revenue of $1,800–$1,810 million, GAAP EPS of $1.34–$1.42, non-GAAP EPS of $2.48–$2.51. Full-year FY26 guidance: billings of $7,355–$7,445 million, revenue of $7,025–$7,075 million, GAAP operating margin of 21%–22%, non-GAAP operating margin of ~37%, GAAP EPS of $4.68–$5.09, non-GAAP EPS of $9.80–$9.98, and free cash flow of $2,200–$2,275 million.
ADSK YoY Financials
ADSK Revenue by Segment
ADSK Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.