Autodesk ADSK 2026Q2 Earnings Preview Upside Ahead on Subscription Momentum

Forward-Looking Analysis
Analysts expect Autodesk to report Q2 2026 earnings of $1.46 per share, reflecting an 8.2% year-over-year increase from $1.35 in the same quarter of 2025. These expectations follow Autodesk’s consistent outperformance in its last four quarterly reports. For fiscal 2025, Autodesk achieved an EPS of $5.76, up 32.7% year-over-year, and forecasts indicate a further 14.6% EPS growth to $6.60 in fiscal 2026. Analysts remain optimistic, with a "Moderate Buy" consensus and a price target of $334.46, implying 11.8% upside. Piper Sandler recently upgraded the stock to "Overweight" with a $357 price target.

Historical Performance Review
Autodesk reported Q1 2026 revenue of $1.54 billion, with net income of $152 million and EPS of $0.71. Gross profit stood at $1.47 billion, reflecting strong subscription growth and disciplined cost management.

Additional News
Autodesk has shifted its focus from top-line growth to margin expansion, initiating a restructuring effort. The company cited robust spending on design software and strategic investments in cloud and AI. However, deferred revenue dipped, and risks from distributor concentration remain. The company also raised its fiscal 2025 revenue and profit forecasts.

Summary & Outlook
Autodesk’s Q1 2026 results highlight strong financial health with solid revenue and gross profit. Earnings momentum, driven by subscription growth and strategic investments, supports a bullish outlook. Analysts project continued EPS growth for fiscal 2026, though deferred revenue and distributor concentration present near-term risks. The company’s shift toward margin expansion and restructuring sets a foundation for long-term value creation, reinforcing a positive stance on future performance.