Autodesk Q2 Earnings & Revenues Surpass Estimates, Both Rise Y/Y

Autodesk ADSK reported second-quarter fiscal 2026 non-GAAP earnings of $2.62 per share, which beat the Zacks Consensus Estimate by 7.38% and increased 21.9% year over year.The company reported revenues of $1.76 billion, which beat the consensus mark by 2.17% and grew 17.1% year over year.Autodesk delivered robust performance this quarter, driven by strength in AECO, higher up-front revenues from Enterprise Business Agreements, and continued momentum in the Autodesk Store. The company remains confident in its outlook, supported by a well-executed go-to-market strategy, robust industry cloud offerings, and a scalable platform ecosystem designed to harness AI effectively.Q2 Top-Line Details of ADSKAutodesk’s subscription revenues (94% of total revenues) increased 17.8% year over year to $1.66 billion. Maintenance revenues (0.5% of total revenues) declined 18.2% from the year-ago quarter to $9 million. Other revenues (5.4% of total revenues) increased 11.6% to $96 million in the reported quarter.Autodesk, Inc. Price, Consensus and EPS Surprise Autodesk, Inc. price-consensus-eps-surprise-chart | Autodesk, Inc. QuoteRegion-wise, revenues from the Americas (44.6% of revenues) increased 18.7% from the year-ago quarter’s levels to $786 million. Revenues from the EMEA, which accounted for 38.3% of revenues, climbed 18.4% to $675 million. Revenues from the Asia-Pacific (17.1% of revenues) increased 10.6% to $302 million.Billings of $1.68 billion increased 36% year over year in the reported quarter.Product Line Details of ADSKAutodesk offers primarily four product families: Architecture, Engineering, Construction and Operations (AECO), AutoCAD and AutoCAD LT, Manufacturing (MFG) and Media and Entertainment (M&E).AECO (49.8% of revenues) revenues increased 23.1% year over year to $878 million.AutoCAD and AutoCAD LT (25% of revenues) revenues rose 13.1% to $440 million. MFG (18.9% of revenues) revenues increased 12.8% to $334 million. M&E (4.5% of revenues) revenues increased 3.9% to $80 million.Operating Results of ADSKNon-GAAP operating expenses increased 14.4% year over year to $959 million in the reported quarter.Autodesk reported a non-GAAP operating margin of 38.6%, which contracted 140 basis points year over year.ADSK’s Balance Sheet & Cash FlowAs of July 31, 2025, Autodesk had cash and cash equivalents (including marketable securities) of $2.24 billion compared with $2.04 billion as of April 30, 2025.Deferred revenues increased 4% to $3.84 billion. Unbilled deferred revenues were $3.45 billion, indicating an increase of 59% year over year.Remaining performance obligations (RPO) rose 24% to $7.3 billion. The current RPO increased 20% to $4.68 billion.Cash flow from operating activities was $460 million, suggesting an increase of 117% year over year. Free cash flow was $451 million, indicating a rise of 122%.In the reported quarter, ADSK purchased approximately 1.2 million shares for $356 million at an average price of approximately $298 per share.ADSK Initiates Q3 & Raises FY26 GuidanceAutodesk projects third-quarter fiscal 2026 revenues between $1.80 billion and $1.81 billion. Non-GAAP earnings per share are expected to be between $2.48 and $2.51.For fiscal 2026, Autodesk expects revenues between $7.03 billion and $7.08 billion compared with its earlier guidance of $5.99 billion to $6.09 billion. Billings are now estimated to be in the $7.36-$7.45 billion range, up from the prior outlook of $5.81-$5.96 billion.Non-GAAP earnings are anticipated in the range of $9.80-$9.98 per share, versus the previous guidance of $7.99-$8.21. The company also raised its non-GAAP operating margin expectation to approximately 37%, from the prior range of 35-36%.Free cash flow is anticipated in the $2.20-$2.28 billion band.ADSK’s Zacks Rank & Stocks to ConsiderCurrently, ADSK carries a Zacks Rank #3 (Hold).Amphenol APH, Microchip Technology MU and Reddit Inc. RDDT are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. APH, MU and RDDT sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.APH shares have surged 61.2% in the year-to-date period. The Zacks Consensus Estimate for APH’s full-year 2025 earnings is pegged at $3.02 per share, up by 4 cents over the past 30 days, suggesting growth of 41.53% from the year-ago quarter’s reported figure.MU shares have gained 44.6% year to date. The Zacks Consensus Estimate for MU’s full-year fiscal 2025 earnings has been revised upward to $8.04 in the past 30 days, suggesting year-over-year growth of 518.46%.RDDT shares have appreciated 37.9% year to date. The Zacks Consensus Estimate for RDDT’s full-year 2025 earnings is pegged at $1.81 per share, revised upward over the past 30 days and implying a rise of 154.35% from the year-ago quarter’s levels.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amphenol Corporation (APH): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Autodesk, Inc. (ADSK): Free Stock Analysis Report Reddit Inc. (RDDT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks