Autodesk Delivers Impressive Q2 Results for Fiscal 2026

Autodesk Shows Growth in Recent Financial Results

Autodesk, Inc. (NASDAQ: ADSK) recently announced a substantial 17% revenue growth year-over-year in the second quarter of fiscal 2026, reaching an impressive $1.76 billion. On a constant currency basis, the revenue growth amounted to 18%, signaling strong performance across its service offerings. The company's president and CEO, Andrew Anagnost, expressed enthusiasm about Autodesk's evolution in areas such as BIM, SaaS, and generative AI technologies that enable advanced design solutions.

Robust Business Performance Metrics

For the second quarter, Autodesk's billings totaled $1.68 billion, representing a remarkable 36% increase compared to the previous year. Operating margins also displayed positive trends, with GAAP operating margin at 25%, slightly up from the prior year's performance. Non-GAAP operating margin climbed to 39%, showcasing improved earnings potential.

Highlights from Q2 Fiscal 2026

The following metrics highlight Autodesk's performance in the fiscal second quarter:

• Net Revenue: $1.76 billion (up 17%)
• Free Cash Flow: $451 million (an increase of 122%)
• GAAP EPS: $1.46 (up 0.16 from last year)
• Non-GAAP EPS: $2.62 (up 0.47 from last year)

Product Performance Breakdown

Autodesk's diverse product range includes significant contributions from its four primary families: AECO (Architecture, Engineering, Construction and Operations), AutoCAD, Manufacturing (MFG), and Media & Entertainment (M&E). Notably:

• AECO Revenue: Reached $878 million, reflecting a notable 23% increase.
• AutoCAD and AutoCAD LT: Generated $440 million, up 13% year-over-year.
• MFG Revenue: $334 million, maintaining a 13% increase.
• M&E Revenue: Approximately $80 million.
• Other Revenue: Totaled $31 million.

Outlook for Q3 and Full-Year FY26

Looking ahead, Autodesk raised its revenue guidance for the full fiscal year 2026, expecting between $7.025 billion and $7.075 billion. The business outlook is underpinned by increased foreign exchange tailwinds and sound fundamentals displayed in the first half of the fiscal year. For Q3, Autodesk projects revenue between $1.800 billion and $1.810 billion, alongside GAAP EPS of $1.34 to $1.42 and non-GAAP EPS in the range of $2.48 to $2.51.

Key Definitions for Investors

Understanding financial metrics is crucial for analyzing Autodesk's performance. Here are some key terms:

• Free Cash Flow: Cash generated from operations, less capital expenditures.
• Net Revenue Retention Rate: Measures the growth of existing customers over time.
• Billings: Total revenue recognized plus the net change in deferred revenue within the reporting period.

Autodesk's Commitment to Growth

Autodesk continues to position itself as a leader in the industry by fostering innovation and enhancing its product offerings. The company's focus on generative design and AI integration is expected to contribute to its future growth, driving enhanced productivity for its customer base.

Frequently Asked Questions

1. What were Autodesk's key financial results for Q2 FY26?

Autodesk reported a 17% revenue growth reaching $1.76 billion, with GAAP EPS of $1.46 and non-GAAP EPS of $2.62.

2. How much did Autodesk's billings grow in Q2 FY26?

Billings reached $1.68 billion, indicating a remarkable 36% year-over-year increase.

3. What is the revenue guidance for the upcoming quarter?

For Q3 FY26, Autodesk projects revenue between $1.800 billion and $1.810 billion.

4. What segments contributed to Autodesk's revenue?

The major segments are AECO, AutoCAD, Manufacturing, and Media & Entertainment, each showing significant year-over-year growth.

5. How does Autodesk evaluate its financial performance?

Autodesk utilizes key metrics such as billings, free cash flow, and net revenue retention rate to analyze business performance continuously.

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