Autodesk Reports Strong Q2 FY27 Results and Raises Full-Year Guidance

Autodesk, Inc. (NASDAQ: ADSK) filed a Form 8-K to announce its financial results for the second quarter of fiscal 2027, which ended July 31, 2026. The report indicates strong performance and a positive outlook, leading to an increase in full-year guidance.

Key Financial Highlights (Q2 FY27):

• Revenue: $2.046 billion, a 16% increase year-over-year (14% in constant currency).
• Billings: $1.854 billion, a 10% increase year-over-year.
• GAAP EPS: $2.33.
• Non-GAAP EPS: $3.30.
• GAAP Operating Margin: 29%, an increase of 4 percentage points YoY.
• Non-GAAP Operating Margin: 41%, an increase of 2 percentage points YoY.
• Free Cash Flow: $561 million, a 24% increase year-over-year.

Business Outlook:

• Q3 FY27 Guidance: The company expects revenue between $2.125 billion and $2.140 billion, with Non-GAAP EPS in the range of $3.04 to $3.09.
• Full Year FY27 Guidance (Updated): Autodesk raised its guidance, now expecting revenue of $8.295 billion to $8.345 billion and billings of $8.575 billion to $8.650 billion. The company's free cash flow expectations were narrowed to reflect stronger underlying performance offset by costs related to the MaintainX acquisition.

Management Commentary & Significance: CEO Andrew Anagnost emphasized the strategic importance of AI in turning data into actionable intelligence for customers. CFO Janesh Moorjani attributed the strong quarter to consistent execution and momentum, noting the sales reorganization is on track. The updated guidance reflects confidence in underlying growth, further bolstered by the incremental contribution from the MaintainX acquisition. The positive results and raised forecast, even while absorbing acquisition-related costs, signal strong operational health and management's confidence in the company's trajectory.