Autodesk Exceeds Q2 Guidance, Raises Full-Year Outlook
Autodesk reported fiscal second-quarter results that exceeded guidance with revenue up 16% year over year and a non-GAAP operating margin of 41%. The company raised its full-year billings outlook to $8.575 billion–$8.65 billion and revenue forecast to $8.295 billion–$8.345 billion, incorporating the impact of the MaintainX acquisition completed on August 3. The acquisition is expected to add approximately $60 million in second-half revenue but will dilute Autodesk's fiscal 2027 operating margin due to MaintainX’s current unprofitability. Management highlighted strong renewals and a construction segment growing over 20%, while advancing an AI-driven 'project intelligence' strategy that integrates design, construction, manufacturing, and operations. Autodesk also reported free cash flow of $561 million for the quarter and repurchased about 2.1 million shares for $453 million.
Tickers: $ADSK
Topics: acquisition revenue_growth strategy_update