Autodesk (NASDAQ:ADSK) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Autodesk (NASDAQ:ADSK) released its quarterly earnings results on Thursday. The software company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.18, FiscalAI reports. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm earned $2.62 earnings per share. Autodesk’s revenue for the quarter 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 Price Performance

Shares of NASDAQ:ADSK opened at $270.58 on Friday. The firm has a 50 day moving average of $224.60 and a 200-day moving average of $232.09. The stock has a market capitalization of $57.09 billion, a PE ratio of 39.44, a PEG ratio of 1.56 and a beta of 1.29. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Autodesk has a 12 month low of $185.50 and a 12 month high of $329.09.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent research reports. Piper Sandler lowered their target price on shares of Autodesk from $383.00 to $369.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. BMO Capital Markets cut their price target on Autodesk from $279.00 to $262.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and set a $330.00 price target on shares of Autodesk in a research report on Monday, June 1st. Bank of America restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Morgan Stanley dropped their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $322.97.

Insider Activity at Autodesk

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. bought a new stake in Autodesk during the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Autodesk during the third quarter worth about $25,000. Prosperity Bancshares Inc acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $27,000. Swiss RE Ltd. bought a new position in Autodesk in the 4th quarter valued at approximately $32,000. Finally, Miller Capital Partners Inc. bought a new position in Autodesk in the 4th quarter valued at approximately $46,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Autodesk

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, while adjusted EPS of $3.30 exceeded the $3.12 analyst consensus. The results also reflected continued subscription momentum, with management highlighting growth in connected data, project intelligence and AI-enabled tools. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: Management raised its fiscal 2027 outlook to adjusted EPS of $12.52-$12.60 and revenue of approximately $8.6-$8.7 billion, above consensus expectations cited in the reports. This suggests confidence in Autodesk’s recurring-revenue model and ongoing demand for its design and engineering software. Autodesk posts strong Q2 results and raises 2027 outlook
• Positive Sentiment: Bank of America reiterated a Buy rating and maintained a $300 price target, citing strong subscription momentum and the company’s growth prospects. Bank of America maintains Autodesk Buy rating
• Neutral Sentiment: Autodesk’s fiscal Q3 revenue forecast was broadly in line with expectations, while the full-year revenue outlook was stronger. However, the guidance profile was uneven, leaving investors focused on the timing of growth and earnings conversion. Why Autodesk stock is dropping after earnings beat
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04-$3.09 came in below some Wall Street expectations, prompting the initial selloff despite the quarterly beat. Investors also remain concerned that AI tools could disrupt Autodesk’s software market or increase competitive pressure. Autodesk forecasts quarterly profit below Wall Street estimates

Autodesk Company Profile

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.