Autodesk Q2 Earnings and Revenue Rise, Lifts FY26 Outlook

Autodesk reported Q2 adjusted earnings and revenue growth, lifting its fiscal 2026 outlook. The company's net sales breakdown includes design software programs (92.9%), visualization and animation software programs (5.2%), and other services (1.9%). Net sales are distributed geographically across the United States, Americas, Europe/Middle East/Africa, and Asia/Pacific.

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 president and CEO, Andrew Anagnost, highlighted the company's continued innovation in Building Information Modeling (BIM), Software as a Service (SaaS), generative design, and generative AI, as well as the strong foundation built over the past decade to scale AI successfully [1].

Janesh Moorjani, Autodesk's CFO, noted that the quarter was strong, particularly in the Architecture, Engineering, Construction, and Operations (AECO) segment, where customers are benefiting from sustained investment in data centers, infrastructure, and industrial buildings. The company also reported strong performance in the Autodesk Store, billings linearity, and up-front revenue, which were stronger than expected [1].

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 [1].

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.prnewswire.com/news-releases/autodesk-inc-announces-fiscal-2026-second-quarter-results-302540893.html