Autodesk Inc
Q3 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.08%.
Did ADSK Beat Earnings? Q3 2026 Results
Autodesk posted a convincing beat across the board in fiscal Q3 2026, with revenue climbing 18.3% year-over-year to $1.85 billion against a consensus estimate of $1.81 billion, while non-GAAP diluted EPS of $2.67 cleared the $2.50 analyst estimate by 6.89%, underscoring the durability of the company's subscription-driven model. The standout driver was the Architecture, Engineering, Construction, and Operations segment, which generated $921 million in revenue, up 23% year-over-year, pulling overall results higher alongside better-than-expected billings linearity and Autodesk Store activity. Operating momentum was equally striking, with billings growing 21% to $1.85 billion and free cash flow surging 116% to $430 million, while remaining performance obligations expanded 20% to $7.36 billion, providing a deep runway of forward revenue visibility. Encouraged by the broad-based strength, Autodesk raised its full-year FY26 guidance, now targeting revenue of $7.15 to $7.17 billion and non-GAAP EPS of $10.18 to $10.25, with at least one analyst raising their price target to $400 following the results.
- AECO product family outperformance with 23% YoY growth
- Up-front revenue exceeded expectations
- Autodesk Store performance exceeded expectations
- Billings linearity exceeded expectations
- Make business grew 20% YoY
- EMEA region grew 23% YoY
- Successful execution of sales and marketing optimization plan
“We're defining the AI revolution for design and make, empowering customers with new task, workflow and system automations, and capturing shared value through subscription, consumption, and outcomes-based business models that blend human and machine capabilities. Autodesk is building the future and creating long-term value for our customers, the industries that shape the world, and shareholders.”
Autodesk CEO, on the earnings call
Forward Guidance & Outlook
Autodesk raised its full-year FY26 guidance. For Q4 FY26 (ending January 31, 2026), the company expects revenue of $1,901–$1,917 million, GAAP EPS of $1.40–$1.57, and non-GAAP EPS of $2.59–$2.67. For the full year FY26, guidance calls for billings of $7,465–$7,525 million, revenue of $7,150–$7,165 million, GAAP operating margin of ~23%, non-GAAP operating margin of ~37.5%, GAAP EPS of $5.16–$5.33, non-GAAP EPS of $10.18–$10.25, and free cash flow of $2,260–$2,290 million. The outlook assumes a GAAP tax rate of 31% for the full year and 31–34% for Q4, and a non-GAAP tax rate of 19% for both periods. The macroeconomic environment has been broadly stable though uncertainty remains elevated.
ADSK YoY Financials
ADSK Revenue by Segment
ADSK Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.