NASDAQ$ADSK

Autodesk, Inc. · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Autodesk posted strong Q2 FY26 results with higher revenue, profitability, and cash flow, driven by AECO strength and strong upfront revenue.

Autodesk reported $1.76B in revenue and $313M in net income for Q2 FY26. The company exceeded expectations with strong billings and cash flow and raised its full-year guidance.

  • Revenue reached $1.76B, up from $1.505B a year earlier.
  • Net income increased to $313M with GAAP EPS of $1.46.
  • Free cash flow surged to $451M, up 122% YoY.
  • The AECO segment led revenue growth, rising 23% YoY.

Headline financials

Total Revenue

$1.76B

Previous: $1.51B+17.1%
EPS

$1.46

Previous: $1.30+12.3%
Billings

$1.68B

No prior period
GAAP Operating Margin

25.0%

No prior period
Non-GAAP Operating Margin

39.0%

No prior period
Capital Expenditures

-$17M

Previous: -$16M-6.3%
Free Cash Flow

$1.01B

Previous: $690M+45.9%
Net Income

$313M

Previous: $282M+11.0%
Operating Income

$444M

Previous: $343M+29.4%
Gross Profit

$1.6B

Previous: $1.37B+17.5%
Cash & Equivalents

$2B

Previous: $1.51B+32.4%
Total Assets

$10.9B

Previous: $9.96B+9.0%

Revenue & EPS history

Autodesk · Revenue · Quarterly

$1.76B

Q2 2026+17.1%vs Q2 2025
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Autodesk · $739M total across 4 segments · Q3 2024

  • AutoCAD and AutoCAD LT
    $372M
  • MFG
    $269M
  • M&E
    $73M
  • Other
    $25M

Forward guidance

Autodesk raised full-year FY26 guidance, citing strong first-half performance and favorable FX trends, while maintaining a cautious macroeconomic outlook.

Tailwinds

  • Full-year revenue guidance raised to $7.025B–$7.075B.
  • Non-GAAP EPS raised to $9.80–$9.98.
  • Free cash flow outlook increased to $2.2B–$2.275B.
  • Stronger than expected upfront revenue and linearity.
  • AI platform and cloud ecosystem support growth trajectory.

Headwinds

  • Macroeconomic assumptions remain unchanged.
  • Commercial segment softness persists.
  • Ongoing restructuring costs impact margin.
  • Transition to new transaction model creates billing uncertainty.
  • Heavy reliance on AECO and infrastructure investment trends.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-0.1%

Avg return

30 days after

47%

34 / 73 earnings

Positive

+17.0%

Q1 2018

Best reaction

-18.9%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-1.8%+10.5%-1.5%
Q3 2026-3.6%+3.6%+2.1%
Q2 2026+8.9%+10.1%+11.9%
Q1 2026+0.2%+1.4%+0.7%
Q4 2025-2.9%-5.4%-7.3%
Q3 2025-9.0%-8.6%-6.0%
Q2 2025+1.5%+1.3%+6.8%
Q1 2025+2.2%+3.5%+14.0%
Q4 2024+3.7%-3.1%+2.0%
Q3 2024-7.8%-7.4%+10.1%
Q2 2024+4.0%+8.2%+1.7%
Q1 2024+1.1%-0.9%+2.7%
Q4 2023-11.2%-8.3%-7.6%
Q3 2023-4.6%-2.8%-8.9%
Q2 2023+3.1%-3.7%-13.6%
Q1 2023+13.3%+11.4%+3.2%
Q4 2022+5.1%+2.4%+1.5%
Q3 2022-17.3%-18.1%-9.5%
Q2 2022-9.1%-8.1%-13.6%
Q1 2022-2.3%-3.8%-1.3%
Q4 2021-7.7%-7.0%-10.0%
Q3 2021+5.4%+6.0%+17.2%
Q2 2021-1.4%-1.8%-12.2%
Q1 2021+1.6%+9.9%+16.6%
Q4 2020+0.1%-5.3%-25.8%
Q3 2020+6.7%+7.1%+9.1%
Q2 2020-5.2%-3.4%+0.9%
Q1 2020-7.4%-7.4%-1.8%
Q4 2019-2.7%-5.8%-5.1%
Q3 2019+7.4%+5.5%-0.6%
Q2 2019+14.8%+14.5%+11.3%
Q1 2019-4.7%-7.0%-2.0%
Q4 2018+15.8%+17.2%+7.7%
Q3 2018-16.0%-17.8%-19.3%
Q2 2018+3.9%+0.6%+1.0%
Q1 2018+17.0%+20.2%+11.6%
Q4 2017-4.1%-7.7%-2.8%
Q3 2017-3.4%-6.1%-0.3%
Q2 2017+9.0%+7.7%+13.5%
Q1 2017-2.7%
Q4 2016+4.1%
Q3 2016-1.1%
Q2 2016-3.3%
Q1 2016-1.4%
Q4 2015+3.6%
Q3 2015+4.8%
Q2 2015-5.6%
Q1 2015+7.5%
Q4 2014-0.7%
Q3 2014+8.3%
Q2 2014+9.2%
Q1 2014-5.9%
Q4 2013-3.0%
Q3 2013+3.4%
Q2 2013-15.1%
Q1 2013-15.7%
Q4 2012-0.4%
Q3 2012+5.9%
Q2 2012-18.9%
Q1 2012-4.4%
Q4 2011+6.3%
Q3 2011+0.7%
Q2 2011+5.7%
Q1 2011+0.6%
Q4 2008+0.3%
Q4 2010+0.3%
Q3 2010-4.0%
Q3 2009-4.0%
Q2 2010-3.4%
Q2 2009-3.4%
Q4 2009-0.1%
Q1 2010-0.1%
Q1 2009-0.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro