🔹 Revenue: $1.76B (Est. $1.72B) 🟢; UP +17% YoY
🔹 EPS: $2.62 (Est. $2.45) 🟢; UP +$0.47 YoY
🔹 Billings: $1.68B; UP +36% YoY
FY26 Guidance:
🔹 Revenue: $7.025-$7.075B (Est. $6.97B) 🟢
🔹 EPS: $9.80-$9.98 (Est. $9.66) 🟢
🔹 Billings: $7.355-$7.445B
🔹 Free Cash Flow: $2.20-$2.275B
Q3 Guidance:
🔹 Revenue: $1.80-$1.81B (Est. $1.77B) 🟢
🔹 EPS: $2.48-$2.51 (Est. $2.33) 🟢
Other Q2 Metrics:
🔹 Non-GAAP Operating Margin: 39%; UP +1 ppt YoY
🔹 Cash Flow from Operations: $460M; UP +117% YoY
🔹 Free Cash Flow: $451M; UP +122% YoY
Q2 Product Family Performance:
🔹 AECO: $878M; UP +23% YoY
🔹 AutoCAD and AutoCAD LT: $440M; UP +13% YoY
🔹 Manufacturing (MFG): $334M; UP +13% YoY
🔹 Media & Entertainment (M&E): $80M; UP +4% YoY
Product Type Revenue:
🔹 Design: $1.47B; UP +17% YoY
🔹 Make: $194M; UP +20% YoY
🔹 Other: $97M; UP +13% YoY
Geographic Performance:
🔹 Americas: $786M; UP +19% YoY
🔹 EMEA: $675M; UP +18% YoY
🔹 APAC: $302M; UP +11% YoY
Other Key Metrics:
🔹 Remaining Performance Obligations (RPO): $7.30B; UP +24% YoY
🔹 Current RPO: $4.68B; UP +20% YoY
🔹 Deferred Revenue: $3.84B; UP +4% YoY
🔹 Unbilled Deferred Revenue: $3.45B; UP +59% YoY
CEO Andrew Anagnost's Commentary:
🔸 "For more than a decade, Autodesk has been at the forefront of innovation — in BIM, SaaS, generative design, and now in generative AI."
🔸 "We have been building industry-specific foundation models and products capable of understanding and reasoning about 2D and 3D geometry, design and make data, complex structures, and even physical behavior."
🔸 "We're excited about the road ahead — not only because of the industry-leading AI tools and foundation models we are creating, but also because of the go-to-market, industry cloud, and platform ecosystem we've built over the last decade to scale AI successfully."
CFO Janesh Moorjani's Commentary:
🔸 "Q2 was another strong quarter. We saw strength in AECO, where our customers are benefiting from sustained investment in data centers, infrastructure, and industrial buildings, which is more than offsetting softness in commercial."
🔸 "The Autodesk Store, billings linearity during the quarter, and up-front revenue were stronger than expected."
🔸 "While our full year macroeconomic assumptions are unchanged, we have raised our full year guidance to reflect the underlying strength of the business in the first half of the year and additional foreign exchange tailwinds."
