Autodesk FY27 Q2: revenue up 16.0%, EPS up 59.6%
Autodesk's fiscal 2027 second quarter was a clean beat-and-raise: revenue rose 16.0% to $2.05 billion, GAAP EPS nearly doubled to $2.33, and management lifted full-year billings and revenue guidance. The view is Bullish, but read it next to two softer signals: billings grew only 10.0% and total remaining performance obligations rose 2.0%, because Autodesk is deliberately ending multi-year discounts.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.33 is up 59.6% from $1.46, and non-GAAP EPS of $3.30 came in $0.68 higher year over year. The gap between the two is mostly stock-based compensation of $0.87 per share, plus $0.16 of intangible amortization and $0.07 of acquisition-related costs. Operating income of $599 million works out to 29.3% of revenue, and the diluted share count fell to 211 million from 215 million, which flatters per-share growth.
Revenue of $2.05 billion is up 16.0% from $1.76 billion a year earlier and 14.0% in constant currency, so currency added about 2 points. Subscription revenue of $1.95 billion is 95.4% of the total, while other revenue slipped 3.0% to $94 million. Gross margin of 91.4% is up slightly from 91.0% in the same quarter last year.
For the third quarter Autodesk guides revenue of $2.125 billion to $2.140 billion, a midpoint of $2.13 billion, and non-GAAP EPS of $3.04 to $3.09. The next-quarter consensus figure in our data is $2.1766 billion, which sits above the top of that range. Full-year revenue guidance of $8.295 billion to $8.345 billion and billings guidance of $8.575 billion to $8.650 billion were both raised.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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