Results
4- Second quarter revenue grew 16 percent year over year as reported, 14 percent on a constant currency basis, to $2.05 billion
Management commentary
“AI turns connected data and context into actionable project intelligence that can ease endemic capacity constraints, raise the bar on what’s possible in the physical world, and help our customers do more with scarce resources,” said Andrew Anagnost, CEO of Autodesk.
“To realize that promise, customers need AI that is accurate, fast enough to stay in the flow of work, and affordable enough to use every day.
The future of AI for the built world will belong to the trusted platform that combines the richest context with the right models to deliver the best outcomes for customers.
Autodesk is uniquely positioned because we build project intelligence across the asset lifecycle by converging design, make, and operate through a continuous flow of data, context, and experience.”
Outlook
“We delivered strong second quarter results with consistent execution and momentum.
Our sales reorganization is proceeding as expected,” said Janesh Moorjani, Autodesk CFO.
1“We have increased our fiscal 27 billings and revenue growth guidance to reflect higher underlying growth expectations, as well as the incremental contribution from MaintainX.Guidance raised
3Our fiscal 27 non-GAAP margin guidance is unchanged, reflecting higher underlying margins from operating leverage and benefits from our go-to-market optimization, offset by margin dilution from the MaintainX acquisition.Guidance reaffirmed
2We’ve narrowed our fiscal 27 free cash flow expectations reflecting stronger underlying expectations offset by the operating and net financing costs for MaintainX and including approximately $45 million of transaction expenses related to the MaintainX acquisition.”Guidance lowered
Results
Net Revenue by Product Type
Net Revenue by Geographic Area
Net Revenue by Product Family
Our product offerings are focused in four primary product families: Architecture, Engineering, Construction, and Operations ("AECO"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E").
Remaining Performance Obligations
Management commentary
(1) Reflects our sustained program reducing multi-year discounts, including winding down multi-year Maintenance-to-Subscription renewals.
The reduction of discounting for multi-year contracts benefits price realization over time while temporarily weighing on unbilled deferred revenue and RPO growth.
Outlook
Business Outlook
Q3 FY27 Guidance MetricsQ3 FY27 (ending October 31, 2026)
7Revenue (in millions)$2,125 - $2,140
6GAAP EPS$1.57 - $1.87
8Non-GAAP EPS$3.04 - $3.09
FY27 Guidance MetricsFY27 (ending January 31, 2027)
Billings (in millions)$8,575 - $8,650
Revenue (in millions)$8,295 - $8,345
GAAP operating margin25% - 27%
Non-GAAP operating margin~39%
GAAP EPS$7.89 - $8.72
Non-GAAP EPS$12.52 - $12.60
Free cash flow (in millions) (2)$2,725 - $2,750
GAAP earnings per share$1.57 - $1.87
Results
Restructuring and facility-related asset impairments and other (gains) losses0.01
Income tax adjustments(0.23) - (0.22)
Outlook
Non-GAAP earnings per share$3.04 - $3.09
GAAP operating margin25% - 27%
Results
Restructuring and facility-related asset impairments and other (gains) losses1% - 0%
Non-GAAP operating margin (1)~39%
Outlook
GAAP earnings per share$7.89 - $8.72
Results
Restructuring and facility-related asset impairments and other (gains) losses0.26 - 0.15
Amortization of purchased intangibles and developed technologies1.19 - 0.80
5(Gains) losses on strategic investments and dispositions, net(0.20)
Income tax adjustments(0.70) - (0.76)
Outlook
Non-GAAP earnings per share$12.52 - $12.60
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