Autodesk (ADSK) ADSK Q2 Financial Results Summary
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Autodesk, Inc. (ADSK) Q2 2027: Revenue Growth Accelerates — Positive Outlook
Autodesk, Inc. (NASDAQ: ADSK) reported its second quarter results for fiscal 2027, revealing a notable increase in revenue. The company achieved revenue of $2.05 billion, reflecting a growth of $283 million or 16% year-over-year. This performance indicates a strong quarter compared to the previous year, where revenue was $1.77 billion.
In my view, this quarter is a positive outcome for shareholders. The significant revenue growth, coupled with improvements in operating margins and earnings per share, suggests that Autodesk is effectively navigating its market and capitalizing on growth opportunities, particularly in the AI and project intelligence sectors.
Key Financial Metrics
- Revenue: $2.05 billion, up $283 million or +16% YoY
- Billings: $1.85 billion, up 10% YoY
- GAAP Operating Margin: 29%, up 4 percentage points
- Non-GAAP Operating Margin: 41%, up 2 percentage points
- GAAP EPS: $2.33, up $0.87 YoY
- Non-GAAP EPS: $3.30, up $0.68 YoY
- Cash Flow from Operating Activities: $575 million, up 25% YoY
- Free Cash Flow: $561 million, up 24% YoY
Dividend and Share Buyback
While there were no announcements regarding dividends or share buybacks in this quarter, Autodesk's strong cash flow generation positions it well for potential future capital return strategies.
Guidance Update
Autodesk has raised its fiscal 2027 billings and revenue growth guidance, reflecting higher underlying growth expectations and contributions from the MaintainX acquisition. The updated guidance for the third quarter of fiscal 2027 estimates revenue between $2.125 billion and $2.140 billion. This optimistic outlook is supported by the company's ongoing sales reorganization and the integration of AI technologies into its offerings.
Forward Catalysts
Investors should keep an eye on Autodesk's continued integration of AI into its product offerings and the performance of the MaintainX acquisition in the upcoming quarters. Additionally, the company's ability to maintain its revenue growth trajectory and manage operating margins will be critical indicators of its long-term success.
In conclusion, Autodesk's second quarter results demonstrate robust growth and operational efficiency, positioning the company favorably for the future. Shareholders can be cautiously optimistic as the company continues to leverage its strengths in the evolving landscape of design and project management.
Here are the extracted tables from the press release:
Condensed Consolidated Statements of Income
(In millions, except percentages and per share amounts)
Note: All amounts are in thousands.
| Q2 FY27 | YoY Change | |
|---|---|---|
| Billings | $1,854 | 10 % |
| Revenue | $2,046 | 16 % |
| GAAP Operating Margin | 4 ppt | |
| Non-GAAP Operating Margin | 2 ppt | |
| GAAP EPS | $2.33 | $0.87 |
| Non-GAAP EPS | $3.30 | $0.68 |
| Cash flow from operating activities | $575 | 25 % |
| Free cash flow | $561 | 24 % |
Autodesk, Inc. Condensed Consolidated Balance Sheets
(In millions)
Note: All amounts are in millions.
| ASSETS | July 31, 2026 | January 31, 2026 |
|---|---|---|
| Cash and cash equivalents | $4,098 | $2,249 |
| Marketable securities | 57 | 348 |
| Accounts receivable, net | 684 | 1,439 |
| Prepaid expenses and other current assets | 831 | 906 |
| Total current assets | 5,670 | 4,942 |
| Long-term marketable securities | 202 | 376 |
| Computer equipment, software, furniture and leasehold improvements, net | 124 | 121 |
| Operating lease right-of-use assets | 145 | 157 |
| Intangible assets, net | 423 | 467 |
| Goodwill | 4,331 | 4,295 |
| Deferred income taxes, net | 808 | 842 |
| Long-term other assets | 1,280 | 1,267 |
| Total assets | $12,983 | $12,467 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $457 | $422 |
| Accrued compensation | 354 | 659 |
| Accrued income taxes | 63 | 54 |
| Deferred revenue | 4,036 | 4,406 |
| Short-term debt, net | 994 | — |
| Current portion of long-term notes payable, net | 499 | — |
| Operating lease liabilities | 52 | 52 |
| Other accrued liabilities | 173 | 215 |
| Total current liabilities | 6,628 | 5,808 |
| Long-term deferred revenue | 222 | 287 |
| Long-term operating lease liabilities | 175 | 199 |
| Long-term income taxes payable | 203 | 181 |
| Long-term deferred income taxes | 53 | 40 |
| Long-term notes payable, net | 1,985 | 2,483 |
| Long-term other liabilities | 334 | 424 |
| Stockholders’ equity: | ||
| Common stock and additional paid-in capital | 4,846 | 4,709 |
| Accumulated other comprehensive loss | -233 | -232 |
| Accumulated deficit | -1,230 | -1,432 |
| Total stockholders’ equity | 3,383 | 3,045 |
| Total liabilities and stockholders' equity | $12,983 | $12,467 |
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