Autodesk Q2 2027 Earnings Call Summary
Autodesk reported strong performance in its second quarter of fiscal year 2027, driven by sustained momentum in the AECO sector and business model changes. The acquisition of MaintainX is central to Autodesk's new 'Operate' pillar, enabling a continuous feedback loop between design intent and real-world asset performance through AI-driven automation at workflow levels. The company noted regional differences in recovery post-sales reorganization, with Western Europe lagging behind the Americas and APAC. Management expects fiscal 2028 non-GAAP margins to improve modestly despite MaintainX's dilutive impact on operating margins. The long-term margin target of 41% by fiscal year 2029 remains intact. Autodesk is shifting its focus from task-based automation toward system-level AI orchestration and plans a transition in AI monetization strategies, moving away from subscription-embedded features to more consumptive revenue models as workflows become increasingly automated.
Topics: AECO AI platform automation guidance revenue growth