AUTODESK, INC. ANNOUNCES FISCAL 2027 SECOND QUARTER RESULTS

Transcript

1. #1prepared remarks

   AUTODESK, INC. ANNOUNCES FISCAL 2027 SECOND QUARTER RESULTS

2. #2prepared remarks

   - Second quarter revenue grew 16 percent year over year as reported, 14 percent on a constant currency basis, to $2.05 billion

3. #3prepared remarks

   SAN FRANCISCO, AUGUST 27, 2026-- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the second quarter of fiscal 2027, ended July 31, 2026.

4. #4Andrew Anagnost · CEO of Autodesk

   AI turns connected data and context into actionable project intelligence that can ease endemic capacity constraints, raise the bar on what’s possible in the physical world, and help our customers do more with scarce resources,

5. #5Janesh Moorjani · Autodesk CFO

   We delivered strong second quarter results with consistent execution and momentum. Our sales reorganization is proceeding as expected,

6. #6prepared remarks

   | (In millions, except percentages and per share amounts) | Q2 FY27 | | | YoY Change | | | | | | Billings | $ | 1,854 | | | | 10 | % | | | | | | Revenue | $ | 2,046 | | | | 16 | % | | | | | | GAAP Operating Margin | 29 | % | | | 4 ppt | | | | | | Non-GAAP Operating Margin | 41 | % | | | 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 | % | | | | |

7. #7prepared remarks

   See GAAP to Non-GAAP reconciliation at the end of this document.

8. #8prepared remarks

   Net Revenue by Product Type | | Q2 FY27 | | | | YoY Change | | YoY Change in Constant Currency | | (In millions, except percentages) | | | % | | % | | Design | $ | 1,708 | | | | | 16 | % | | 14 | % | | Make | 244 | | | | | 26 | % | | 24 | % | | Other | 94 | | | | | (3) | % | | (4) | % | | Total Net Revenue | $ | 2,046 | | | | | 16 | % | | 14 | % |

9. #9prepared remarks

   | | Q2 FY27 | | | | YoY Change | | YoY Change in Constant Currency | | (In millions, except percentages) | | | % | | % | | Americas | $ | 898 | | | | | 14 | % | | 14 | % | | EMEA | 804 | | | | | 19 | % | | 13 | % | | APAC | 344 | | | | | 14 | % | | 14 | % | | Total Net Revenue | $ | 2,046 | | | | | 16 | % | | 14 | % |

10. #10MFG

    ), AutoCAD and AutoCAD LT, Manufacturing (

11. #11prepared remarks

    | (In millions, except percentages) | Q2 FY27 | | | YoY Change | | Deferred Revenue | $ | 4,258 | | | | 11 | % |

12. #12prepared remarks

    | Unbilled deferred revenue (1) | 3,175 | | | | (8) | % |

13. #13prepared remarks

    | Remaining performance obligations (“RPO”)(1) | 7,433 | | | | 2 | % |

14. #14prepared remarks

    | Current RPO(1) | 5,245 | | | | 12 | % |

15. #15prepared remarks

    (1) Reflects our sustained program reducing multi-year discounts, including winding down multi-year Maintenance-to-Subscription renewals. The reduction of discounting for multi-year contracts benefits price realization over time while temporarily weighing on unbilled deferred revenue and RPO growth.

16. #16prepared remarks

    All growth rates are compared to the second quarter of fiscal 2026 unless otherwise noted.

17. #17prepared remarks

    Safe Harbor Statement.

18. #18prepared remarks

    | Q3 FY27 Guidance Metrics | | Q3 FY27(ending October 31, 2026) | | Revenue (in millions) | | $2,125 - $2,140 | | GAAP EPS | | $1.57 - $1.87 | | Non-GAAP EPS | | $3.04 - $3.09 |

19. #19prepared remarks

    | FY27 Guidance Metrics | | FY27(ending January 31, 2027) | | Billings (in millions) | | $8,575 - $8,650 | | Revenue (in millions) | | $8,295 - $8,345 | | GAAP operating margin | | 25% - 27% | | Non-GAAP operating margin | | ~39% | | GAAP EPS | | $7.89 - $8.72 | | Non-GAAP EPS | | $12.52 - $12.60 |

20. #20prepared remarks

    | Free cash flow (in millions) (2) | | $2,725 - $2,750 |

21. #21prepared remarks

    (2) Free cash flow is cash flow from operating activities less approximately $70 million of capital expenditures. Free cash flow includes approximately $45 million of transaction expenses related to the MaintainX acquisition.

22. #22prepared remarks

    Autodesk will host its second quarter conference call today at 5 p.m. ET. The live broadcast can be accessed at autodesk.com/investor. A transcript of the opening commentary will also be available following the conference call.

23. #23prepared remarks

    A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor. This replay will be maintained on Autodesk's website for at least 12 months.

24. #24prepared remarks

    An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor.

25. #25prepared remarks

    This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under “Business Outlook” above, statements about the impact of our transaction with MaintainX, statements about our utilization of and strategy regarding artificial intelligence, statements about our new transaction model and sales and marketing optimization, statements about the momentum of our business, statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: challenges associated with the integration of MaintainX into our business, our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including cha…

26. #26prepared remarks

    Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

27. #27prepared remarks

    The world’s designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk’s Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything

28. #28prepared remarks

    Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts.

29. #29prepared remarks

    Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

30. #30prepared remarks

    © 2026 Autodesk, Inc. All rights reserved.