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Autodesk Inc. (NASDAQ:ADSK) posted its second-quarter results after Thursday’s closing bell and issued third-quarter EPS guidance below estimates.

Here’s a look at the key figures from the quarter.

ADSK stock is moving. Watch the price action here. Autodesk Q2 Details       Autodesk reported quarterly earnings of $3.30 per share, which beat the analyst consensus estimate of $3.12 by 5.77%, according to Benzinga Pro data.

Quarterly revenue of $2.05 billion beat the Street estimate of $2.01 billion.

“We delivered strong second quarter results with consistent execution and momentum. Our sales reorganization is proceeding as expected,” said Janesh Moorjani, Autodesk CFO.

“We have increased our fiscal 27 billings and revenue growth guidance to reflect higher underlying growth expectations, as well as the incremental contribution from MaintainX,” Morrjani added. 

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Looking AheadAutodesk expects third-quarter adjusted EPS of $3.04-$3.09, versus the $3.14 analyst estimate, and expects revenue of $2.13 billion to $2.14 billion, versus the $2.08 billion estimate.

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ADSK Stock Price Activity: According to data from Benzinga Pro, Autodesk stock was down 4.83% to $257.20 in Thursday’s extended trading.  

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Autodesk Stock Rally: Why Momentum May Not Be Done YetAutodesk NASDAQ: ADSK reported fiscal 2027 second-quarter revenue and earnings per share above the high end of its guidance ranges, prompting the company to raise its full-year outlook for billings and revenue. The updated forecast also incorporates the acquisition of MaintainX, which closed on Aug. 3.

Chief Executive Officer Andrew Anagnost said Autodesk is pursuing a strategy centered on “project intelligence,” connecting data and workflows across design, construction, manufacturing and asset operations. The company aims to extend information generated during planning and construction into the operational life of assets, then use operating performance data to inform future projects.

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Analysts Love These 3 Companies Reporting Earnings This Week“We delivered another strong quarter,” Anagnost said, citing the company’s execution and the ongoing benefits of prior business-model changes.

Second-Quarter Results and Updated Outlook Chief Financial Officer Janesh Moorjani said second-quarter revenue increased 16% year over year as reported, or 14% in constant currency. The company said its new transaction model added about 2 percentage points to revenue growth during the quarter.

Autodesk Stock Ready to Rip? Q3 May Be the Turning PointBillings rose 10% as reported and 12% in constant currency. Moorjani said the transaction model did not have a significant impact on billings growth in the second quarter. He also said Autodesk continued reducing multi-year contract discounts, including winding down multi-year renewals under its maintenance-to-subscription program. The company expects that approach to improve price realization over time, though it may temporarily weigh on unbilled deferred revenue and remaining performance obligations growth.

GAAP operating margin was 29%, up about 4 percentage points year over year. Non-GAAP operating margin was 41%, up about 2 percentage points. Free cash flow totaled $561 million. Autodesk repurchased about 2.1 million shares for $453 million. Moorjani attributed margin improvement to operating leverage, sales optimization and a lower level of stock-based compensation as a percentage of revenue. Autodesk expects stock-based compensation to represent about 9% of revenue in fiscal 2027, down from about 11% in fiscal 2026.

For fiscal 2027, Autodesk raised its billings outlook to a range of $8.575 billion to $8.65 billion and increased its revenue outlook to $8.295 billion to $8.345 billion. The forecast includes approximately six months of MaintainX results. Autodesk expects MaintainX to contribute about $60 million in second-half revenue and about $70 million in second-half billings, with both weighted somewhat toward the fourth quarter.

The company narrowed its free-cash-flow forecast to $2.725 billion to $2.75 billion. The outlook reflects stronger underlying expectations, offset by MaintainX operating and net financing costs and about $45 million in transaction expenses related to the acquisition.

MaintainX Expands Autodesk Into Operations Anagnost described MaintainX as an extension of Autodesk’s digital thread into day-to-day asset maintenance and operations. He said operational data from buildings, factories, machines and other physical assets can help close the feedback loop between how assets are designed, built and used in the real world.

Autodesk’s immediate integration priorities are to preserve MaintainX’s growth momentum and integrate back-office functions, according to Anagnost. Over time, Autodesk sees opportunities to introduce MaintainX to its enterprise accounts, expand it in Europe through partners and broaden its use beyond its primarily manufacturing-focused customer base into architecture, engineering and construction markets.

Moorjani said MaintainX was unprofitable at the time of acquisition, as is typical of a high-growth business, and will dilute Autodesk’s operating margin in fiscal 2027. Still, Autodesk expects fiscal 2028 non-GAAP operating margin to improve modestly from the 39% forecast for fiscal 2027, despite the annualization of MaintainX costs. The company remains on track for a 41% non-GAAP operating margin target in fiscal 2029.

Sales Reorganization and Demand Trends Moorjani said the effects of Autodesk’s sales reorganization remained within the range management had anticipated. The Americas, Asia-Pacific, Eastern Europe and the Middle East are normalizing somewhat earlier than Western Europe, where sales productivity has taken longer to improve.

Renewal rates remained strong, and management said billings linearity during the quarter was better than expected. Anagnost said renewal productivity improved both within Autodesk and among channel partners, while the company also saw encouraging signs in expansion business and pipeline creation. He said mature European markets have been slower to build expansion activity because of consultation periods and related factors.

Autodesk noted that its largest enterprise business agreement renewal cohort is concentrated in the fiscal fourth quarter. Moorjani said the company’s previous outlook had already reflected those cohort dynamics, and second-quarter execution and preparation for the second half supported the decision to raise billings guidance.

AI, Construction and Product Reporting Changes Anagnost said Autodesk is using artificial intelligence to turn connected design, manufacturing, construction and operations data into actionable intelligence. He said the company will use a range of models, including third-party frontier models and Autodesk-built models such as Neural CAD, depending on the need for speed, precision and cost effectiveness.

Management said task-based AI automation is currently embedded in subscription offerings and is supporting Fusion adoption. Over time, Autodesk expects to expand from task automation into workflow and system-level automation, with more consumption-oriented revenue potentially flowing through Flex and other offerings.

Construction continued to grow at more than 20%, according to Anagnost. He said the business benefits from global and segment diversification, but argued that the larger driver is low technology penetration in construction rather than fluctuations in industry backlog metrics.

Autodesk also said it will no longer disclose separate design and make revenue, reflecting its strategy of converging workflows and expanding into operations. The company plans to continue providing commentary on construction, Fusion and operations, and will disclose MaintainX revenue for four quarters to help investors track the acquired business.

Separately, Anagnost announced that Amy Bunszel, executive vice president of Architecture, Engineering and Construction Solutions, plans to retire after 23 years with Autodesk. Bunszel will remain with the company during the search for a successor and through the transition.

About Autodesk (NASDAQ:ADSK)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.

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In the latest trading session, Autodesk (ADSK - Free Report) closed at $251.59, marking a -1.75% move from the previous day. This change lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 0.6%.

The stock of design software company has risen by 20.66% in the past month, leading the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.46%.

The upcoming earnings release of Autodesk will be of great interest to investors. The company's earnings report is expected on August 27, 2026. In that report, analysts expect Autodesk to post earnings of $3.12 per share. This would mark year-over-year growth of 19.08%. In the meantime, our current consensus estimate forecasts the revenue to be $2.01 billion, indicating a 13.96% growth compared to the corresponding quarter of the prior year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.58 per share and revenue of $8.19 billion, indicating changes of +20.61% and +13.65%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for Autodesk. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Autodesk possesses a Zacks Rank of #3 (Hold).

In terms of valuation, Autodesk is presently being traded at a Forward P/E ratio of 20.36. This expresses a discount compared to the average Forward P/E of 21.5 of its industry.

It is also worth noting that ADSK currently has a PEG ratio of 1.21. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.18 at yesterday's closing price.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 42% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Autodesk (ADSK - Free Report) closed at $211.15 in the latest trading session, marking a -3.05% move from the prior day. This change lagged the S&P 500's daily gain of 0.89%. On the other hand, the Dow registered a gain of 0.74%, and the technology-centric Nasdaq increased by 1.29%.

The design software company's shares have seen an increase of 16.02% over the last month, surpassing the Computer and Technology sector's loss of 6.6% and the S&P 500's loss of 0.63%.

The upcoming earnings release of Autodesk will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.12, reflecting a 19.08% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.01 billion, up 13.96% from the prior-year quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.58 per share and a revenue of $8.19 billion, representing changes of +20.61% and +13.65%, respectively, from the prior year.

Any recent changes to analyst estimates for Autodesk should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% higher. Autodesk is currently a Zacks Rank #3 (Hold).

From a valuation perspective, Autodesk is currently exchanging hands at a Forward P/E ratio of 17.32. This represents a discount compared to its industry average Forward P/E of 19.97.

Meanwhile, ADSK's PEG ratio is currently 1.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software was holding an average PEG ratio of 1.1 at yesterday's closing price.

The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 85, placing it within the top 35% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.