NASDAQ$ADSK
Autodesk, Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported record quarterly and full-year revenue, cash flow from operating activities, and free cash flow.
Autodesk reported a 9% increase in total revenue to $1.32 billion for Q4 2023. GAAP operating margin was 21%, up 9 percentage points, and non-GAAP operating margin was 36%, up 1 percentage point. GAAP diluted EPS was $1.35, while non-GAAP diluted EPS was $1.86. Free cash flow was $903 million.
- Total revenue increased 9 percent to $1.32 billion.
- GAAP operating margin was 21 percent, up 9 percentage points.
- Non-GAAP operating margin was 36 percent, up 1 percentage point.
- Total billings increased 28 percent to $2.12 billion.
Headline financials
Revenue & EPS history
Autodesk · Revenue · Quarterly
$1.32B
Revenue by segment
Autodesk · $739M total across 4 segments · Q3 2024
- AutoCAD and AutoCAD LT$372M—50.3%
- MFG$269M—36.4%
- M&E$73M—9.9%
- Other$25M—3.4%
Forward guidance
Autodesk's business outlook for the first quarter and full-year fiscal 2024 takes into consideration the current economic environment and foreign exchange currency rate environment.
Tailwinds
- Q1 FY24 Revenue is expected to be between $1,260 million and $1,275 million.
- Q1 FY24 EPS GAAP is expected to be between $0.74 and $0.80.
- Q1 FY24 EPS non-GAAP is expected to be between $1.50 and $1.56.
- FY24 Revenue is expected to be between $5,355 million and $5,455 million.
- FY24 EPS GAAP is expected to be between $3.63 and $3.97.
Headwinds
- FY24 Billings are expected to be between $5,025 million and $5,175 million, down 13% - 11%.
- Excluding the approximate 2 ppt impact of foreign currency exchange rates and hedge gains/losses, billings guidance would be down 11% to 9%.
- Excluding the approximate 4 ppt impact of foreign currency exchange rates and hedge gains/losses, revenue guidance would be up 11% to 13%.
- FY24 GAAP operating margin is expected to be approximately flat year over year.
- FY24 Free cash flow is expected to be between $1,150 million and $1,250 million.
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 Q4 2023
-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
| Quarter | Report date | Reaction (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