Autodesk (NASDAQ:ADSK) Announces Earnings Results

Autodesk (NASDAQ:ADSK) released its quarterly earnings results on Thursday. The software company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.18, FiscalAI reports. Autodesk had a return on equity of 60.27% and a net margin of 21.08%.The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $2.62 earnings per share. Autodesk’s revenue was up 16.1% compared to the same quarter last year. Autodesk updated its FY 2027 guidance to 12.520-12.600 EPS and its Q3 2027 guidance to 3.040-3.090 EPS.

Here are the key takeaways from Autodesk’s conference call:

• Autodesk raised its fiscal 2027 outlook after second-quarter revenue and EPS exceeded the high end of guidance. Billings guidance increased to $8.575 billion–$8.65 billion and revenue guidance to $8.295 billion–$8.345 billion, including the MaintainX acquisition.
• Second-quarter revenue grew 16% reported and 14% in constant currency, while non-GAAP operating margin expanded to 41% from operating leverage and sales-optimization benefits. Renewal rates remained strong, and free cash flow was $561 million.
• MaintainX expands Autodesk into asset operations, adding approximately $60 million of second-half fiscal 2027 revenue and $70 million of billings potential. Management sees cross-selling opportunities through Autodesk’s enterprise accounts, global partner network, and expansion from MaintainX’s manufacturing base into AEC.
• Construction revenue is growing at more than 20%, supported by low technology penetration and demand for integrated workflows across planning, design, pre-construction, construction, and operations. Fusion is also seeing continued user, revenue, and multi-seat growth, with AI features and MCP connectors contributing to momentum.
• Sales reorganization effects remain a headwind to new-business productivity, particularly in Western Europe, while the company faces its largest EBA renewal cohort in the fourth quarter. MaintainX is expected to dilute operating margins in fiscal 2027, and Autodesk noted that future AI workloads could modestly pressure gross margins even as they add profit dollars.

Autodesk Stock Down 3.7%

Shares of NASDAQ:ADSK opened at $260.66 on Friday. The company has a market capitalization of $55.00 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a 50 day moving average of $225.93 and a two-hundred day moving average of $232.29. Autodesk has a 52-week low of $185.50 and a 52-week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, and adjusted EPS of $3.30, exceeding analyst expectations of $2.01 billion and $3.12, respectively. Growth was supported by strong renewals, cloud sales, construction activity and operating leverage. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: The company raised fiscal 2027 billings and revenue expectations, with full-year revenue guidance of approximately $8.6 billion to $8.7 billion. Management highlighted artificial intelligence, sales productivity and the MaintainX acquisition as longer-term growth drivers. Autodesk raises fiscal 2027 billings outlook
• Positive Sentiment: Several analysts remain constructive. BTIG reaffirmed a Buy rating with a $300 target, Bank of America maintained its Buy rating and $300 target, while BNP Paribas Exane raised its target to $300. Analysts cited subscription momentum and expectations that margins can improve despite MaintainX-related costs. Analyst rating coverage
• Neutral Sentiment: Autodesk is expanding its AI strategy and operations-management offerings through MaintainX. While these initiatives could broaden the company’s addressable market, investors are assessing execution risks and the timing of financial benefits.
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04 to $3.09 was below Wall Street expectations. The outlook for operating margins and costs was also viewed as cautious, raising concerns that acquisition expenses and AI investment could pressure near-term profitability. Autodesk quarterly profit forecast
• Negative Sentiment: The mixed outlook prompted profit-taking after the earnings beat. Although full-year revenue and EPS guidance exceeded some consensus measures, investors appeared more focused on the weaker quarterly profit outlook and margin trajectory.

Insiders Place Their Bets

In other news, Director John T. Cahill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of $189.20 per share, with a total value of $378,400.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at approximately $756,800. This represents a 100.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Janesh Moorjani bought 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the transaction, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Autodesk

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Autodesk by 103.5% in the 4th quarter. Wellington Management Group LLP now owns 1,868,159 shares of the software company’s stock worth $552,994,000 after buying an additional 950,149 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Autodesk by 51,159.6% during the third quarter. Two Sigma Investments LP now owns 512,596 shares of the software company’s stock valued at $162,836,000 after buying an additional 511,596 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Autodesk by 55.2% during the fourth quarter. AQR Capital Management LLC now owns 962,916 shares of the software company’s stock worth $285,033,000 after buying an additional 342,510 shares during the period. Lazard Asset Management LLC grew its holdings in Autodesk by 39.6% in the 3rd quarter. Lazard Asset Management LLC now owns 1,159,983 shares of the software company’s stock worth $368,492,000 after buying an additional 329,045 shares in the last quarter. Finally, Caisse de depot et placement du Quebec grew its holdings in Autodesk by 2,195.1% in the 4th quarter. Caisse de depot et placement du Quebec now owns 287,691 shares of the software company’s stock worth $85,159,000 after buying an additional 275,156 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ADSK shares. Rosenblatt Securities reiterated a “buy” rating and issued a $330.00 target price on shares of Autodesk in a research note on Monday, June 1st. Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Tuesday, May 12th. Zacks Research downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Rothschild & Co Redburn reduced their target price on Autodesk from $375.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Finally, New Street Research set a $277.00 price target on Autodesk in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.07.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.