Autodesk (ADSK) Earnings Date & Reports

Key Takeaways

• Autodesk is scheduled to report results for the second quarter of fiscal 2027 on August 27, 2026, after the market close.
• Consensus expectations point to revenue of roughly $2.01 billion, with earnings per share (EPS) estimates in the $2.96 to $3.12 range.
• Management guided for non-GAAP (non-Generally Accepted Accounting Principles) EPS of $3.10 to $3.14 and revenue of $2.00 billion to $2.02 billion for the quarter.
• In the year-ago quarter, Autodesk reported EPS of $2.62 on revenue of $1.76 billion, implying meaningful expected growth.
• Investors will focus on billings, the transition to a new transaction model, margin trends, and any update to full-year guidance.

Earnings Context and Why It Matters

Autodesk, a leader in design and engineering software, enters this report on a strong recent run. In the first quarter of fiscal 2027, revenue grew 18% as reported and non-GAAP operating margin reached 39%, prompting the company to raise its full-year outlook. This quarter is closely watched because it captures the continued rollout of Autodesk's new transaction model and its ongoing shift toward direct sales, both of which have created temporary noise in growth metrics. With the company also announcing its planned acquisition of maintenance software provider MaintenX, investors are evaluating whether Autodesk can sustain double-digit growth while integrating strategic assets and defending margins in an uncertain macroeconomic environment.

Earnings Expectations

Heading into the report, Wall Street analysts expect Autodesk to post quarterly revenue of about $2.01 billion, which would represent growth in the mid-teens compared with the $1.76 billion reported in the same period a year earlier. Consensus EPS forecasts vary by source, ranging from roughly $2.96 to $3.12, against a year-ago figure of $2.62.

Autodesk's own guidance for the second quarter of fiscal 2027 calls for non-GAAP EPS of $3.10 to $3.14 and revenue of $2.00 billion to $2.02 billion. For the full fiscal year, management has guided to revenue of $8.155 billion to $8.215 billion, billings of $8.505 billion to $8.580 billion, and non-GAAP EPS of $12.40 to $12.65.

Beyond the headline figures, analysts will scrutinize billings, a key measure of cash collected from customers, as well as the impact of the new transaction model, which contributed a modest tailwind in recent quarters. Margin progression and commentary on the sales reorganization will also be in focus. Autodesk has a history of modest beats, having exceeded consensus revenue estimates in recent quarters.

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Market Reaction and Investor Sentiment

Sentiment heading into this report has been broadly constructive. Several analysts have maintained bullish ratings and raised price targets in recent weeks, with firms citing Autodesk's strong franchise and the likelihood of results at least in line with consensus. Channel checks have produced mixed signals, however, as the company's transition from resellers to direct sales has created some quarter-end variability. Key risk factors include the potential for billings growth to underwhelm, any signs of softening demand in construction or manufacturing end markets, and the near-term execution risks tied to the MaintenX integration. As a result, investors will be watching not just the reported numbers but the tone of forward guidance and any commentary on the pace of the sales reorganization.

Forward Outlook and Key Factors to Monitor

Following this report, investors will look for confirmation that Autodesk's full-year trajectory remains intact. Management raised the low end of its fiscal 2027 guidance after the prior quarter, so any further adjustments to revenue, billings, or non-GAAP operating margin targets will be closely scrutinized.

One area to monitor is the new transaction model. Management has indicated that its contribution to revenue and billings will moderate as the fiscal year progresses, which could make year-over-year comparisons less flattering in the back half. Investors should pay attention to whether underlying growth, excluding these model-related effects, remains healthy.

The planned MaintenX acquisition is another catalyst. Expected to close later in the fiscal year, the deal is intended to strengthen Autodesk's presence in maintenance and asset operations, and investors will be listening for updates on timing, expected annual recurring revenue (ARR), and how the acquisition fits into the company's artificial intelligence and digital twin roadmap.

Finally, watch capital allocation and cost discipline. Autodesk has signaled that stock-based compensation should fall below 10% of revenue this fiscal year and that share repurchases will remain a priority. Any change to these plans, or signs of margin pressure from the sales reorganization and acquisition, would be important signals for the stock's direction.

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