Home / Business and Economy / Autodesk Shares Dip on Mixed Earnings and Guidance
Autodesk Shares Dip on Mixed Earnings and Guidance
29 Aug
Summary
- Autodesk's Q2 EPS exceeded expectations, reaching $3.30.
- Revenue climbed 16% year-over-year to $2.05 billion.
- Fiscal 2027 earnings guidance fell slightly short of analyst forecasts.
Autodesk Inc. reported impressive second-quarter financial results, exceeding analyst expectations. The design software company announced adjusted earnings per share of $3.30, surpassing the consensus estimate. Revenue saw a significant year-over-year increase of 16%, reaching $2.05 billion, also ahead of projections.
Subscription growth for the quarter was strong, climbing 17% and outperforming estimates due to high renewal rates and sales linearity. However, the company's outlook for fiscal year 2027 presented a more cautious picture. Autodesk forecasted adjusted earnings per share between $12.52 and $12.60, with the midpoint falling slightly below the analyst consensus.
Bank of America analysts characterized the report as mixed, noting strong second-quarter results alongside conservative guidance for the second half of fiscal 2027. Despite this, they reiterated a 'Buy' rating, citing durable underlying growth. The company's sales reorganization is reportedly proceeding as planned, with CFO Janesh Moorjani expressing confidence in execution and momentum.
