Autodesk reported fourth‑quarter revenue of $1.957 billion, a 19% year‑over‑year increase from $1.64 billion in the same period a year earlier. Non‑GAAP earnings per share reached $2.85, beating the consensus estimate of $2.63 by $0.22, while the non‑GAAP operating margin expanded to 38% from 37% a year ago. The margin lift was driven by a higher mix into the higher‑margin “Make” product family and the continued success of the company’s new transaction model, which together offset modest cost growth.
The company’s AECO segment delivered the strongest performance, with construction and emerging‑market customers contributing the largest share of the revenue growth. Manufacturing and Media & Entertainment also posted solid results, and Autodesk highlighted that engineering‑based analytics (EBA) and product‑subscription billings, along with a linearity of billings and up‑front revenue, all exceeded expectations for the quarter.
Autodesk raised its fiscal 2027 guidance, projecting total revenue of $8.10‑$8.17 billion and a non‑GAAP operating margin of 38.5‑39%. The upward revision reflects management’s confidence in sustained demand across AECO, Manufacturing, and Media & Entertainment, as well as the ongoing impact of its AI‑enabled platform and the new transaction model.
"Building agentic AI for the real world requires specialized data, context, and expertise. Scaling and monetizing it requires a platform and next‑generation business models and go‑to‑market. Few companies have all these advantages. Autodesk does. It is not a coincidence. We have been preparing for, and working towards, the cloud and AI for more than a decade. Autodesk is building the future and the path to it," said CEO Andrew Anagnost. "We delivered another strong quarter, highlighted by outperformance in AECO, particularly in construction and emerging markets. EBA and product subscription billings, linearity of billings during the quarter, and up‑front revenue all exceeded expectations," added CFO Janesh Moorjani. "Our fiscal 2027 guidance assumes that the underlying momentum of the business will remain strong and we have then incorporated prudence to reflect temporary risk to billings and revenue as we operationalize our sales optimization plan."
Investors responded positively to the earnings release, citing the strong earnings beat, the raised guidance, and the company’s continued focus on AI and cloud‑based platforms as key drivers of future growth.
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