Autodesk Shares Soar 10% on Q2 Earnings Beat, Boosts FY22 Guidance

Autodesk shares rose 10% in pre-market trading after the company posted better-than-expected Q2 results and raised its FY22 guidance. Gamehaus Holdings, Movano, and SMX shares also gained significantly. Losers include CaliberCos, Offerpad Solutions, and Sentage Holdings, which declined between 10% and 25% in pre-market trading.

Autodesk, Inc. (NASDAQ: ADSK) reported strong second-quarter fiscal 2026 results, with revenue growing 17% to $1.76 billion, and 18% on a constant currency basis. The company's shares rose 10% in pre-market trading following the announcement. The positive performance was driven by robust growth in the AECO segment, which benefited from sustained investment in data centers, infrastructure, and industrial buildings [1].

Autodesk's president and CEO, Andrew Anagnost, highlighted the company's innovation in BIM, SaaS, generative design, and generative AI, stating that they are building industry-specific foundation models capable of understanding and reasoning about 2D and 3D geometry [1]. The company's CFO, Janesh Moorjani, noted that the quarter was strong, with billings, linearity, and up-front revenue stronger than expected [1].

The company raised its full-year guidance for fiscal 2026 to reflect the underlying strength of the business in the first half of the year and additional foreign exchange tailwinds [1]. For the third quarter of fiscal 2026, the company expects revenue of $1.80 billion to $1.81 billion, with GAAP EPS of $1.34 to $1.42 and non-GAAP EPS of $2.48 to $2.51 [1]. For the full year, the company expects revenue of $7.025 billion to $7.075 billion, with GAAP operating margin of 21% to 22% and non-GAAP operating margin of ~37% [1].

The positive results were mirrored in the stock market, with shares of Gamehaus Holdings, Movano, and SMX also gaining significantly. Conversely, CaliberCos, Offerpad Solutions, and Sentage Holdings experienced declines between 10% and 25% in pre-market trading.

References:
[1] https://investors.autodesk.com/news-releases/news-release-details/autodesk-inc-announces-fiscal-2026-second-quarter-results