Autodesk, Inc.

NASDAQ Global Select
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Bullish +75

AUTODESK, INC. ANNOUNCES FISCAL 2026 FOURTH QUARTER RESULTS - PR Newswire

- 📈 Autodesk reported fourth quarter fiscal 2026 revenue of $1.96 billion, representing a 19% year-over-year growth on both a reported and constant currency basis.

- 👷 Growth was particularly strong in the AECO sector, with notable outperformance in construction segments and emerging markets.

- 💰 Billings, EBA and product subscription revenue, linearity of billings, and up-front revenue all exceeded management expectations for the quarter.

- 🚀 CEO Andrew Anagnost highlighted Autodesk's decade-long preparation for cloud and AI, stating that their best opportunities lie ahead in building agentic AI for the real world.

- ⚠️ CFO Janesh Moorjani noted that while momentum remains strong, fiscal 2027 guidance incorporates prudence to reflect temporary risks related to operationalizing a sales optimization plan.

- 📅 The company will host an earnings conference call and webcast today at 5 p.m. ET with a replay available later in the evening.

- 📊 Full-year fiscal 2027 guidance includes estimates for billings, revenue, and free cash flow, though specific numerical targets are referenced in supplemental materials.

- ☁️ Autodesk maintains four primary product families focused on AECO, AutoCAD, Manufacturing, and Media & Entertainment to drive its recurring revenue model.

- 🤖 The company defines Cloud Service Offerings as term-based web or hybrid deployments that are not bundled with other product offerings for metric tracking purposes.

- 📉 Key performance metrics such as NR3 (Net Revenue Retention) and subscriptions will be presented independently of GAAP revenue to monitor long-term business health.

- 💵 Operating margins and cash flow from operating activities were provided in the detailed financial tables within the full earnings document.

- 🌍 Constant currency growth rates are calculated by applying prior period exchange rates and excluding foreign currency hedge gains or losses to reflect underlying operations.

Bullish Signals
  • Fourth quarter revenue grew 19 percent year-over-year to $1.96 billion, demonstrating strong business momentum.
  • AECO segment highlighted outperformance in construction and emerging markets, with EBA and product subscription billings exceeding expectations.
  • CFO Janesh Moorjani noted that up-front revenue exceeded expectations, signaling strength in cash conversion and customer adoption.
  • Fiscal 2027 guidance assumes underlying momentum will remain strong, incorporating prudence but maintaining an optimistic outlook for the next fiscal year.
  • Management highlighted that they have been preparing for cloud and AI for over a decade, positioning Autodesk for future growth opportunities.
  • CEO Andrew Anagnost stated the company has specialized advantages in building agentic AI, suggesting a sustainable competitive moat.
  • Free cash flow from operating activities was reported as a positive metric alongside strong revenue performance.
Risk Factors
  • CEO Andrew Anagnost's optimism contrasts with CFO Janesh Moorjani's explicit incorporation of 'prudence to reflect temporary risk to billings and revenue' into fiscal 2027 guidance.
  • The company acknowledges risks associated with operationalizing its sales optimization plan, which could impact short-term billing stability.
  • Forward-looking statements for Q1 and full-year fiscal 2027 explicitly note that the outlook takes into consideration current economic environment volatility and foreign exchange currency rate fluctuations.
Full Analysis
Autodesk Inc. (NASDAQ: ADSK) reported its fiscal 2026 fourth quarter results on February 26, 2026, with revenue growing by 19 percent year-over-year to $1.96 billion. The company highlighted outperformance in its Architecture, Engineering, Construction, and Operations segment, particularly within the construction vertical and emerging markets. Management noted that earnings before amortization exceeded expectations, driven by strong subscription billings and product linearity during the quarter. The company is also adjusting its financial outlook for fiscal 2027, incorporating prudence regarding temporary risks to billings and revenue as it operationalizes a sales optimization plan. Autodesk plans to continue focusing on agentic AI, leveraging specialized data and context as part of its platform strategy. The firm expects its underlying business momentum to remain strong despite the noted risks. Further details include guidance for the first quarter of fiscal 2027 regarding billings and revenue, along with full-year forecasts extending through January 31, 2027. A conference call and webcast are scheduled for 5 p.m. ET to discuss these results, with a replay available later that evening. Investors can find supplemental materials and financial reconciliations on the company's investor relations website.