Autodesk (ADSK) third quarter 2026 Financial Results Summary
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Autodesk, Inc. (ADSK) Q3 2026 Financial Results Summary
On November 25, 2025, Autodesk, Inc. (NASDAQ: ADSK) announced its financial results for the third quarter of fiscal 2026, which ended on October 31, 2025.
Key Financial Metrics
- Revenue
- Total revenue reached $1.85 billion, an increase of 18% from the same quarter a year ago.
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Revenue growth was consistent in constant currency terms, also at 18%.
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Billings
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Billings for the quarter were $1.86 billion, a growth of 21% year-over-year.
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Margins
- GAAP operating margin improved by 3 percentage points to 25%.
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Non-GAAP operating margin rose by 1 percentage point to 38%.
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Earnings Per Share (EPS)
- GAAP EPS increased by $0.33 to $1.60.
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Non-GAAP EPS climbed by $0.50 to $2.67.
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Cash Flow
- Cash flow from operating activities was $439 million, a significant increase of 110% year-over-year.
- Free cash flow amounted to $430 million, representing an increase of 116% year-over-year.
Revenue Breakdown by Product Type
- Design:
- Generated revenue of $1.54 billion, up 19% year-over-year.
- Make:
- Revenue stood at $205 million, reflecting a growth of 20%.
- Other:
- Revenue totaled $111 million, showing a mild increase of 7%.
Revenue Breakdown by Geographic Region
- Americas:
- Revenue increased by 16% to $820 million.
- EMEA:
- Revenue growth of 23%, reaching $715 million.
- APAC:
- Revenue grew by 12% to $318 million.
Performance by Product Families
- Architecture, Engineering, Construction, and Operations (AECO):
- Revenue was $921 million, up 23%.
- AutoCAD and AutoCAD LT:
- Revenue increased by 15% to $458 million.
- Manufacturing (MFG):
- Revenue reached $355 million, up 16%.
- Media and Entertainment (M&E):
- Revenue modestly rose by 4% to $86 million.
Remaining Performance Obligations
- Deferred Revenue: $3.85 billion, up 5%.
- Unbilled Deferred Revenue: $3.52 billion, a notable increase of 43%.
- Current Remaining Performance Obligations (RPO): $4.83 billion, growing by 20%.
Business Outlook
Fourth Quarter Fiscal 2026 Guidance
– Revenue: Expected to be between $1.90 – $1.92 billion.
– GAAP EPS: Projected between $1.40 – $1.57.
– Non-GAAP EPS: Expected between $2.59 – $2.67.
Full Year Fiscal 2026 Guidance
– Billings: Forecasted to be between $7.47 – $7.53 billion.
– Revenue: Expected between $7.15 – $7.17 billion.
– GAAP Operating Margin: Projected at approximately 23%.
– Non-GAAP Operating Margin: Expected around 37.5%.
– GAAP EPS: Projected between $5.16 – $5.33.
– Non-GAAP EPS: Expected between $10.18 – $10.25.
– Free Cash Flow: Forecasted to be between $2.26 – $2.29 billion.
Stock Buyback and Dividends
- Stock Repurchases: Autodesk repurchased $1.07 billion of common stock during the quarter.
- No quarterly dividend was declared in this announcement.
Conclusion
Autodesk reported strong growth across multiple areas in its third quarter of fiscal 2026 amid a stable macroeconomic environment. Management has raised full-year guidance, reflecting increased momentum, particularly in the AECO sector. The company continues to focus on enhancing its offerings, including expanding automation capabilities amid the ongoing AI revolution.
Here are the extracted tables from the press release:
Condensed Consolidated Statements of Operations
(In millions, except per share data)
| Three Months Ended October 31, 2025 | Nine Months Ended October 31, 2025 | |
|---|---|---|
| Net revenue: (Unaudited) 2024 | $1,734 | $4,924 |
| Maintenance | 8 | 25 |
| Total subscription and maintenance revenue | 1,742 | 4,949 |
| Other | 111 | 300 |
| Total net revenue | 1,853 | 5,249 |
| Cost of subscription and maintenance revenue | 118 | 343 |
| Cost of other revenue | 22 | 68 |
| Amortization of developed technologies | 25 | 73 |
| Total cost of revenue | 165 | 484 |
| Gross profit | 1,688 | 4,765 |
| Marketing and sales | 612 | 1,737 |
| Research and development | 416 | 1,223 |
| General and administrative | 172 | 502 |
| Amortization of purchased intangibles | 13 | 40 |
| Restructuring, other exit costs, and facility reductions | 5 | 116 |
| Total operating expenses | 1,218 | 3,618 |
| Income from operations | 470 | 1,147 |
| Interest and other (loss) income, net | -2 | 11 |
| Income before income taxes | 468 | 1,158 |
| Provision for income taxes | -125 | -350 |
| Net income | $343 | $808 |
| Basic net income per share | $1.61 | $3.79 |
| Diluted net income per share | $1.60 | $3.76 |
| Weighted average shares used in computing basic net income per share | 213 | 213 |
| Weighted average shares used in computing diluted net income per share | 215 | 215 |
Condensed Consolidated Balance Sheets
(In millions)
| ASSETS | October 31, 2025 (Unaudited) January 31, 2025 |
|---|---|
| Cash and cash equivalents | $1,989 |
| Marketable securities | 300 |
| Accounts receivable, net | 806 |
| Prepaid expenses and other current assets | 800 |
| Total current assets | 3,895 |
| Long-term marketable securities | 302 |
| Computer equipment, software, furniture and leasehold improvements, net | 118 |
| Operating lease right-of-use assets | 152 |
| Intangible assets, net | 493 |
| Goodwill | 4,278 |
| Deferred income taxes, net | 936 |
| Long-term other assets | 1,024 |
| Total assets | $11,198 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |
| Current liabilities: Accounts payable | $384 |
| Accrued compensation | 442 |
| Accrued income taxes | 98 |
| Deferred revenue | 3,577 |
| Operating lease liabilities | 57 |
| Current portion of long-term notes payable, net | — |
| Other accrued liabilities | 177 |
| Total current liabilities | 4,735 |
| Long-term deferred revenue | 269 |
| Long-term operating lease liabilities | 195 |
| Long-term income taxes payable | 216 |
| Long-term deferred income taxes | 27 |
| Long-term notes payable, net | 2,482 |
| Long-term other liabilities | 381 |
| Stockholders’ equity: Common stock and additional paid-in capital | 4,588 |
| Accumulated other comprehensive loss | -263 |
| Accumulated deficit | -1,432 |
| Total stockholders’ equity | 2,893 |
| Total liabilities and stockholders’ equity | $11,198 |