Q2 2026 Autodesk Inc Earnings Call Transcript
Key Points
- Autodesk Inc (ADSK) delivered strong second-quarter results, with revenue and non-GAAP earnings per share exceeding the higher end of guidance ranges.
- The company raised its full-year guidance for revenue, billings, and free cash flow, reflecting strong business momentum.
- Autodesk Inc (ADSK) is making significant progress in its strategic initiatives, particularly in cloud, platform, and AI, which are expected to drive long-term shareholder value.
- The company reported a 17% increase in total revenue as reported and 18% in constant currency, showcasing robust growth.
- Autodesk Inc (ADSK) is seeing strong performance in its construction segment, with sustained revenue and new customer momentum.
- The macroeconomic environment remains uncertain, which could impact Autodesk Inc (ADSK)'s future performance.
- The company faces tougher comparisons in the second half of the year due to the anniversary of acquisitions and the new transaction model.
- There are incremental margin headwinds from the new transaction model, which could affect future operating margins.
- Autodesk Inc (ADSK) is experiencing operational friction from the new transaction model implementation, although it is easing.
- The company is cautious about potential disruptions in the macroeconomic environment, which could affect its guidance.
Thank you for standing by, and welcome to Autodesk second quarter and full year fiscal 2026 earnings conference call. (Operator Instructions) I would now like to hand the call over to Simon Mays-Smith, Vice President, Investor Relations. Please go ahead.
Thanks operator, and good afternoon. Thank you for joining our conference call to discuss Autodesk's fiscal '26 second-quarter results. Andrew Anagnost, our CEO; and Janesh Moorjani, our CFO, are on the line with me. During this call, we will make forward-looking statements, including outlook and related assumptions and on products, go-to-market and strategies. Actual events or results could differ materially.
Please refer to our SEC filings including our most recent Form 10-Q and the Form 8-K filed with today's press release for important risks and other factors that may cause our actual results to differ from those in our forward-looking statements. Forward-looking statements made during the call are being made as of
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