Autodesk, Inc. Reports Fiscal 2026 Second Quarter Earnings Results

Autodesk, Inc. (ADSK) today announced its financial results for the most recent quarter, revealing a mixed performance. The company reported quarterly revenue of $1.763 billion, surpassing analysts’ expectations by approximately $38.3 million, while diluted earnings per share came in at $1.46, falling short of the estimated $2.45 by nearly a dollar. Despite the earnings miss, Autodesk’s revenue growth highlights its continued strength in the market.

Key Highlights:

• Second quarter revenue increased by 17% year-over-year, reaching $1.76 billion.
• Billings for Q2 FY26 were $1.68 billion, a 36% increase.
• Autodesk’s GAAP operating margin was 25%, with a non-GAAP operating margin of 39%.
• The AECO (Architecture, Engineering, Construction, and Operations) segment saw a 23% revenue growth.
• Full-year guidance raised due to strong performance in the first half and favorable foreign exchange rates.
• CEO Andrew Anagnost emphasized the company’s focus on innovation in AI and industry-specific models.
• CFO Janesh Moorjani noted strong performance in data centers and infrastructure investments.

Autodesk, Inc. reported robust financial results for the second quarter of fiscal 2026, with revenue growing 17% year-over-year to $1.76 billion. The company experienced significant growth in its AECO segment, driven by sustained investments in data centers and infrastructure, which helped offset softness in commercial sectors. CEO Andrew Anagnost highlighted Autodesk’s commitment to innovation, particularly in generative AI and industry-specific models, stating, “We’re excited about the road ahead — not only because of the industry-leading AI tools and foundation models we are creating, but also because of the go-to-market, industry cloud, and platform ecosystem we’ve built over the last decade to scale AI successfully.”

CFO Janesh Moorjani expressed optimism about the company’s performance, noting that billings and revenue exceeded expectations, leading to an upward revision of the full-year guidance. The company anticipates continued strength in its business, with a focus on leveraging its platform ecosystem to drive future growth. The outlook for the third quarter includes projected revenue of $1.80 to $1.81 billion and a GAAP EPS range of $1.34 to $1.42.

Autodesk, Inc. (ADSK) has experienced a mixed bag of price changes recently, with a slight decline of 0.93% over the past week and a more significant drop of 5.71% in the last month. However, the stock has shown resilience over the past year, climbing 11.27%, indicating a potential recovery phase. The company’s fundamentals present a compelling narrative, with a robust return on invested capital at 24.79% and a healthy net profit margin of 16.06%. Despite these strengths, Autodesk’s price-to-earnings ratio stands at a lofty 62.28, suggesting that investors are paying a premium for future growth, which is projected at a 9.88% compound annual growth rate (CAGR) for earnings per share over the next two years. Revenue growth is also promising, with a 2-year CAGR of 11.44%. However, the negative free cash flow growth of -10.45% raises some concerns about the company’s cash generation capabilities. As Autodesk navigates these challenges, investors will be keenly watching how the company balances its growth ambitions with financial health.

Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries. It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and streamline internal/external collaboration; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and ShotGrid, a cloud-based software for review and production tracking in the media and entertainment industry. It sells its products and services to customers directly, as well as through a network of resellers and distributors. Autodesk, Inc. was incorporated in 1982 and is headquartered in San Rafael, California.