Autodesk delivered strong financial performance with significant growth in revenue, operating margins, and free cash flow. Despite economic uncertainties and challenges in new business growth, investments in strategic priorities like the construction segment and AI are promising. Restructuring plans are expected to optimize operations but may pose short-term disruptions.

Company Guidance -

Q2 2026

During Autodesk's fiscal 2025 fourth quarter and full-year earnings call, the company reported strong financial results, with billings and revenue surpassing the high end of projections despite foreign exchange challenges. Key metrics included a 12% year-over-year revenue growth in the fourth quarter, with AutoCAD revenue up 9%, AECO up 15%, and manufacturing and M&E both up 10% in constant currency. Autodesk's GAAP and non-GAAP operating margins increased to 22% and 37% for the quarter, respectively, while free cash flow reached $1.57 billion for the fiscal year. Looking ahead to fiscal 2026, Autodesk anticipates constant currency billings growth of 17% to 19% and revenue growth of 8% to 9%, with a focus on optimizing sales and marketing processes. The company expects GAAP operating margins to be 21% to 22% and plans to repurchase $1.1 billion to $1.2 billion in shares, reflecting a 30% to 40% increase from fiscal 2025.

Strong Revenue and Growth

Total revenue in the fourth quarter grew 12% as reported and in constant currency. By region in constant currency, revenue grew 11% in the Americas, 13% in EMEA, and 11% in APAC.

Increased Direct Revenue

Direct revenue increased 35% in constant currency, representing 47% of total revenue, up 8 percentage points from last year.

Construction Segment Expansion

Construction revenue growth accelerated in the fourth quarter, and Autodesk added almost 400 net new logos.

Improved Operating Margins

Fourth-quarter GAAP and non-GAAP operating margins were 22% and 37%, respectively, with year-over-year increases of 90 basis points and 160 basis points.

Significant Free Cash Flow

Free cash flow for fiscal 2025 was $1.57 billion, exceeding the high end of guidance.

Share Repurchase Program

Autodesk purchased approximately 1.4 million shares in the fourth quarter and 3.1 million shares for the full year, totaling $858 million.

Autodesk (ADSK) Earnings, Revenues Date & History

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ADSK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2026 (Q2)	2.45 / -	2.15	―	―	―
May 23, 2025	2026 (Q1)	2.15 / 2.29	1.87	22.46% (+0.42)
Feb 27, 2025	2025 (Q4)	2.14 / 2.29	2.09	9.57% (+0.20)
Nov 26, 2024	2025 (Q3)	2.12 / 2.17	2.07	4.83% (+0.10)
Aug 29, 2024	2025 (Q2)	2.00 / 2.15	1.91	12.57% (+0.24)
Jun 11, 2024	2025 (Q1)	1.80 / 1.87	1.55	20.65% (+0.32)
Feb 29, 2024	2024 (Q4)	1.95 / 2.09	1.86	12.37% (+0.23)
Nov 21, 2023	2024 (Q3)	1.99 / 2.07	1.7	21.76% (+0.37)
Aug 23, 2023	2024 (Q2)	1.78 / 1.91	1.65	15.76% (+0.26)
May 25, 2023	2024 (Q1)	1.55 / 1.55	1.43	8.39% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ADSK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 23, 2025	$295.35	$300.36	+1.70%
Feb 27, 2025	$282.35	$274.21	-2.88%
Nov 26, 2024	$317.96	$290.64	-8.59%
Aug 29, 2024	$258.23	$258.40	+0.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.