Autodesk Progresses Transaction Model, Enhances Operational Efficiency

Autodesk continues to make progress on its transaction model and operational efficiencies, according to RBC. The company's net sales break down by family of products and services, with design software programs accounting for 92.9%, visualization and animation software programs at 5.2%, and other products and services at 1.9%. Net sales are distributed geographically, with the United States accounting for 36.3%, the Americas at 8%, Europe/Middle East/Africa at 37.6%, and Asia/Pacific at 18.1%.

Autodesk Inc. (NASDAQ: ADSK) has reported robust financial performance for the second quarter of fiscal 2026, with revenue growing by 17% to $1.76 billion, and an 18% increase on a constant currency basis. The company's net income for the quarter was $313 million, up from $287 million in the same period last year. Earnings per share (EPS) stood at $1.46, up from $1.30. The non-GAAP EPS was $2.62, an increase of $0.47 from the previous year [1].

The company's revenue was driven by strong performance in its Architecture, Engineering, Construction, and Operations (AECO) segment, where sustained investment in data centers, infrastructure, and industrial buildings offset softness in commercial segments. The Autodesk Store, billings linearity, and up-front revenue were also stronger than expected [2].

Key financial highlights for the second quarter include:
- Billings: $1,678 million, up 36% year-over-year (YoY).
- Revenue: $1,763 million, up 17% YoY.
- GAAP operating margin: 25%, up 2 percentage points.
- Non-GAAP operating margin: 39%, up 1 percentage point.
- GAAP EPS: $1.46, up $0.16 YoY.
- Non-GAAP EPS: $2.62, up $0.47 YoY.
- Cash flow from operating activities: $460 million, up 117% YoY.
- Free cash flow: $451 million, up 122% YoY.

The company's net revenue by product type for the second quarter showed growth across all segments, with the design software programs (AutoCAD, Revit, Inventor, Maya, and 3ds Max) contributing 92.9% of total net revenue. Visualization and animation software programs (Fusion, Flow Production Tracking) accounted for 5.2%, and other services made up 1.9% of the total [2].

Geographically, net sales were distributed as follows:
- Americas: $786 million, up 19% YoY.
- Europe, Middle East, and Africa (EMEA): $675 million, up 18% YoY.
- Asia-Pacific (APAC): $302 million, up 11% YoY.

Autodesk has also raised its full-year fiscal 2026 guidance to reflect the underlying strength of the business in the first half of the year and additional foreign exchange tailwinds. The company expects third-quarter revenue to be between $1,800 million and $1,810 million, and full-year revenue to be between $7,025 million and $7,075 million [1].

References:
[1] https://www.ainvest.com/news/autodesk-q2-earnings-revenue-rise-lifts-fy26-outlook-2508/
[2] https://www.ainvest.com/news/autodesk-q2-fy26-results-92-9-design-software-programs-5-2-visualization-software-1-9-sales-2508/