Autodesk shares surge 7.95% intraday after strong Q2 earnings and raised guidance.

Autodesk, Inc. surged 7.95% intraday, following the release of its Q2 2026 earnings report, which showed a 17% year-over-year increase in revenue to $1.763 billion and adjusted earnings per share of $2.62, both exceeding analyst expectations. The company also raised its fiscal year 2026 revenue forecast to $7.025 billion to $7.075 billion and adjusted earnings per share guidance to $9.80 to $9.98. Additionally, Barclays and Oppenheimer reaffirmed their buy ratings and raised their price targets to $385 and $375, respectively.