Autodesk Inc
Q4 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: −5.20%.
Did ADSK Beat Earnings? Q4 2026 Results
Autodesk closed fiscal Q4 2026 with a decisive earnings beat, reporting non-GAAP EPS of $2.85 against a consensus estimate of $2.64, a 7.95% beat, while revenue of $1.96 billion topped the $1.91 billion estimate by 2.43% and grew 19.8% year over year. The standout driver was the AECO product family, which surged 22% to $975 million in the quarter as construction and emerging markets delivered particular strength, anchoring the company's broader momentum across design and manufacturing workflows. Billings jumped 33% to $2.80 billion and free cash flow climbed 43% to $972 million, underscoring the quality behind the headline growth. For the full fiscal year, revenue reached $7.21 billion, up 18%, with non-GAAP EPS of $10.43. Looking ahead, Autodesk guided FY27 revenue of $8.10 billion to $8.17 billion and non-GAAP EPS of $12.29 to $12.56, though management noted guidance reflects prudence around a temporary billings risk tied to the ongoing operationalization of its sales optimization plan.
- AECO outperformance, particularly in construction and emerging markets
- Strong EBA and product subscription billings
- Better-than-expected linearity of billings during the quarter
- Up-front revenue exceeded expectations
- 19% revenue growth year-over-year as reported and on a constant currency basis
- Billings growth of 33% year-over-year
“Building agentic AI for the real world requires specialized data, context, and expertise. Scaling and monetizing it requires a platform and next-generation business models and go-to-market. Few companies have all these advantages. Autodesk does. It is not a coincidence. We have been preparing for, and working towards, the cloud and AI for more than a decade. Autodesk is building the future and the path to it. Our best days and greatest opportunities lie ahead.”
Autodesk CEO, on the earnings call
Forward Guidance & Outlook
For Q1 FY27 (ending April 30, 2026), Autodesk guided revenue of $1,885-$1,900 million, GAAP EPS of $1.68-$1.83, and non-GAAP EPS of $2.82-$2.86. For full-year FY27 (ending January 31, 2027), the company guided billings of $8,480-$8,580 million, revenue of $8,100-$8,170 million, GAAP operating margin of 26%-28%, non-GAAP operating margin of 38.5%-39%, GAAP EPS of $7.76-$8.39, non-GAAP EPS of $12.29-$12.56, and free cash flow of $2,700-$2,800 million. CFO Janesh Moorjani noted that FY27 guidance assumes strong underlying business momentum but incorporates prudence to reflect temporary risk to billings and revenue as the company operationalizes its sales optimization plan.
ADSK YoY Financials
ADSK Revenue by Segment
ADSK Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.