Autodesk Q2 Revenue Exceeds Expectations, Raises Full-Year Guidance

Autodesk reported Q2 FY26 non-GAAP EPS of $2.62, beating expectations by $0.17. Revenue of $1.76B also exceeded forecasts by $40M, with a 16.6% YoY increase. The company provided guidance for Q3 FY26 and FY26, with revenue expected to be between $1.8B and $1.81B, and non-GAAP EPS between $2.48 and $2.51. For FY26, Autodesk expects billings of $7.35B to $7.44B, revenue of $7.03B to $7.08B, and non-GAAP EPS of $9.80 to $9.98.

Autodesk, Inc. (NASDAQ: ADSK) has reported its second quarter fiscal 2026 results, with non-GAAP EPS of $2.62, exceeding expectations by $0.17. Revenue of $1.76 billion also surpassed forecasts by $40 million, marking a 16.6% year-over-year increase [1]. The company's strong performance was driven by sustained investment in data centers, infrastructure, and industrial buildings, offsetting softness in the commercial sector.

Key highlights of the report include:
- Revenue Growth: Revenue grew by 17% year-over-year (YoY), and by 18% on a constant currency basis, reaching $1.76 billion [1].
- Operating Margins: GAAP operating margin was 25%, while non-GAAP operating margin improved by 1 ppt to 39% [1].
- Product Performance: The AECO segment, which includes Architecture, Engineering, Construction, and Operations, saw revenue grow by 23% YoY and 24% in constant currency. The Manufacturing segment also performed well, with revenue up 13% YoY and 14% in constant currency [1].
- Geographic Performance: Revenue in the Americas increased by 19% YoY and 19% in constant currency, while EMEA and APAC regions saw growth of 18% and 14% YoY, respectively [1].
- Guidance: For the third quarter of fiscal 2026, Autodesk expects revenue between $1.8 billion and $1.81 billion, with non-GAAP EPS forecasted between $2.48 and $2.51. Full-year fiscal 2026 guidance includes billings of $7.35 billion to $7.44 billion, revenue of $7.03 billion to $7.08 billion, and non-GAAP EPS of $9.80 to $9.98 [1].

The company's focus on generative AI and industry-specific foundation models, along with a robust platform ecosystem, has contributed to its strong performance. Autodesk's strategic investments and go-to-market strategies have positioned the company well for continued growth.

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