Autodesk (ADSK) Company Report

Q3 performance beat across revenue and profitability, prompting Autodesk to raise its Q4 and full fiscal-year guidance.
Autodesk highlights its resilient demand driven by structural capacity constraints in AEC, manufacturing and infrastructure projects.
The company’s AI strategy progresses through task, workflow and systems-level automation, with over 2.6 million constraints automated and a >60% acceptance rate.
Autodesk is expanding into the operate phase via Tandem digital-twin technology and targeting mid-market factory and building operations to extend lifecycle revenue.

3 days ago

Transcript

Autodesk outlines AI-driven growth and margin outlook at UBS conference

ADSK

Guidance Update

Autodesk reported strong Q3 performance and raised Q4 and full-year fiscal 2026 guidance following beats in revenue and profitability.
Highlighted durable growth driven by global capacity constraints and a three-stage AI automation strategy (task, workflow, systems) to add incremental capacity.
Noted 2.6 million constraints automated in Fusion with >60% acceptance, and outlined API-based pricing for machine usage to monetize AI and platform services.
Emphasized the data layer as the critical glue for design-make-operate integration, accelerating cloud migrations across Fusion and Construction Cloud.
Announced expansion into operations (digital twins) via Autodesk Tandem to extend addressable market into asset management and lifecycle services.

3 days ago

Transcript

Autodesk Posts Strong Q3 Fiscal 2026 Earnings, Raises Guidance

ADSK

Earnings

Guidance Update

Autodesk's Q3 fiscal 2026 revenue rose 18% to $1.85 billion and billings grew 21%, driven by AECO segment demand and core products like AutoCAD.
The company raised its full-year guidance, reflecting confidence in sustained growth from design services and AI-driven solutions.
GAAP operating margin expanded by 3 pp to 25% and non-GAAP margin increased by 1 pp to 38%, indicating improved operational efficiency.
Free cash flow surged 116% to $430 million, highlighting strong cash generation.

Nov 25, 2025, 10:28 PM

WSJ

Autodesk reports Q3 FY2026 results

ADSK

Earnings

Guidance Update

Share Buyback

Revenue up 18% y/y as reported and in constant currency; underlying revenue grew 12% excluding new transaction model contributions.
Billings increased 21% reported (20% in constant currency); underlying billings growth was 16% excluding the transaction model.
Operating margins: GAAP 25% and non-GAAP 38%, with Q3 free cash flow of $430 M.
Raised FY26 guidance: billings $7.465–7.525 B, revenue $7.15–7.165 B, non-GAAP op margin ~37.5% (40.5% underlying), and FCF $2.26–2.29 B; share repurchases now expected at $1.3 B.
Share buybacks: repurchased 1.2 M shares for $361 M in Q3 (YTD 3.7 M shares for $1.07 B).

Nov 25, 2025, 10:00 PM

Transcript

Autodesk reports Q3 FY2026 results

ADSK

Earnings

Guidance Update

Share Buyback

Autodesk delivered 18% revenue growth (12% ex-transaction model) and 21% billings increase (16% ex-transaction model) year-over-year in Q3.
Q3 GAAP/non-GAAP operating margins were 25%/38% (up ~330/120 bps) and free cash flow reached $430 M.
The company repurchased 1.2 M shares for $361 M in the quarter (YTD 3.7 M shares for $1.07 B) and plans $1.3 B in share buybacks for FY2026.
FY2026 guidance was raised to $7.465–7.525 B in billings, $7.15–7.165 B in revenue, non-GAAP operating margin of ~37.5% (~40.5% underlying), and $2.26–2.29 B in free cash flow.
Continued focus on cloud convergence and AI, with Fusion’s Sketch auto constraint delivering 2.6 M constraints at 60%+ acceptance and 90% full constraint.

Nov 25, 2025, 10:00 PM

Transcript

Autodesk announces Q3 FY26 results

ADSK

Earnings

Guidance Update

Share Buyback

Autodesk reported billings of $1,855 M (+21% YoY) and revenue of $1,853 M (+18% YoY).
Non-GAAP operating margin was 38% (up 1 ppt YoY) and non-GAAP EPS was $2.67 (up $0.50 YoY).
Cash flow from operations reached $439 M (+110% YoY) and free cash flow was $430 M (+116% YoY).
Q4 FY26 guidance: revenue $1,901–$1,917 M and non-GAAP EPS $2.59–$2.67; FY26 outlook: revenue $7,150–$7,165 M and non-GAAP EPS $10.18–$10.25.
Returned $361 M to shareholders via share repurchases in Q3.

Nov 25, 2025, 10:00 PM

Presentation

Autodesk reports Q3 fiscal 2026 results

ADSK

Earnings

Guidance Update

Share Buyback

Q3 total revenue grew 18% year-on-year (YoY) and in constant currency; underlying revenue ex-new transaction model rose 12% in constant currency.
Q3 billings increased 21% reported and 20% in constant currency; underlying billings ex-new transaction model grew 16% in constant currency.
Q3 operating margins expanded, with GAAP at 25% and non-GAAP at 38% (up ~330 bps and ~120 bps YoY); free cash flow was $430 million.
Raised FY26 guidance: billings to $7.465–7.525 billion, revenue to $7.15–7.165 billion, non-GAAP operating margin to 37.5% (≈40.5% underlying), free cash flow to $2.26–2.29 billion, and announced a $1.3 billion share repurchase.

Nov 25, 2025, 10:00 PM

Transcript

Autodesk announces Q3 FY26 results

ADSK

Earnings

Guidance Update

Autodesk reported Q3 FY26 revenue of $1.853 billion, a 18 % increase year-over-year, and billings of $1.855 billion, up 21 %.
Profitability metrics included a GAAP EPS of $1.60 and non-GAAP EPS of $2.67, with non-GAAP operating margin at 38 %.
The company raised its full-year FY26 guidance to revenue of $7.150–7.165 billion and non-GAAP EPS of $10.18–10.25, and provided Q4 guidance of revenue $1.901–1.917 billion and non-GAAP EPS $2.59–2.67.
Management highlighted continued momentum in AECO, strong performance across channels, and progress on sales and marketing optimization amid a broadly stable macro environment.

Nov 25, 2025, 9:03 PM

8-K

Autodesk reports Q3 FY26 results

ADSK

Earnings

Guidance Update

Autodesk delivered $1.85 B in Q3 FY26 revenue, up 18% YoY as reported and in constant currency.
Billings reached $1.855 B, up 21% YoY.
GAAP EPS was $1.60 (- $0.33 YoY), and non-GAAP EPS was $2.67 (+ $0.50 YoY).
Operating cash flow was $439 M (up 110%) and free cash flow was $430 M (up 116%).
Autodesk raised full-year FY26 guidance to $7.15 B–$7.165 B in revenue and $10.18–$10.25 in non-GAAP EPS.

Nov 25, 2025, 9:01 PM

Press Release

Autodesk presents AI strategy and growth outlook at Investor Day 2025

ADSK

Guidance Update

Product Launch

Autodesk has completed its transition to a modern SaaS model with subscription and consumption-based billing, shifted to direct customer relationships, and modernized its billing practices to improve cash flow predictability.
The company outlined a three-phase AI roadmap—task automation, agentic workflow automation, and systems automation—powered by industry-specific foundation models such as Neural CAD and the Autodesk Assistant.
New product offerings include AI-native industry clouds—Autodesk Forma for AEC, Fusion for manufacturing, and Flow—plus Tandem for digital twins, with future monetization via APIs and consumption-based pricing.
Key market opportunities span a multi-trillion-dollar global infrastructure spend, AEC projects achieving 31% productivity gains, and manufacturing users producing drawings in 50% less time through AI-driven automation.
Financial framework emphasizes balancing operating leverage with disciplined investment to support growth and achieve long-term operating margin expansion by FY2029.

Oct 7, 2025, 3:30 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Autodesk.

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