Key Stats for Autodesk Stock
- Today’s Price Change: 3%
- Current Share Price: $305
- 52-Week High: $326
- ADSK Stock Price Target: $322
What Happened?
Autodesk (ADSK) stock surged more than 3% after the computer-aided design software company delivered better-than-expected first-quarter results and raised its full-year guidance.
It reported adjusted earnings of $2.29 per share, beating analyst estimates of $2.15. Revenue of $1.633 billion exceeded expectations of $1.60 billion and represented 15% year-over-year growth.
Billings, a key forward-looking metric, jumped 29% to $1.434 billion, indicating strong customer demand for Autodesk’s software solutions.
CEO Andrew Anagnost expressed confidence despite macroeconomic headwinds, stating, “Against an uncertain geopolitical, macroeconomic and policy backdrop, our strong performance in the first quarter of fiscal 26 set us up well for the year.”
The quarter featured significant product innovations, including an update to Autodesk Fusion 360 with AI-powered AutoConstrain technology that automates sketch constraints and enhances design efficiency.
Revenue growth was driven by strong performance across segments, with sales in architecture, engineering, construction, and operations rising 20% and manufacturing sales increasing 15%.
See Autodesk’s full analyst estimates, earnings results, and earnings transcript (It’s free) >>>
What the Market Is Telling Us
The positive reaction to Autodesk stock reflects investor confidence in the company’s strategic transformation toward cloud-based services and artificial intelligence integration.
The 29% increase in billings suggests robust demand for Autodesk’s subscription-based model, which provides more predictable revenue streams and higher customer lifetime value.
CFO Janesh Moorjani noted that despite macroeconomic uncertainty, the company raised guidance by $30 million on both ends of its revenue range.
Autodesk’s focus on operational efficiency also resonates with investors. Its February announcement of 1,350 job cuts as part of a restructuring plan to prioritize AI and cloud services demonstrates management’s commitment to margin optimization.
The raised Q2 guidance with revenue expected at $1.72-$1.73 billion (versus analyst expectations of $1.7 billion) and adjusted EPS of $2.44-$2.48 (versus $2.34 expected) signals continued momentum.
Autodesk’s strategic investments in cloud, platform, and AI capabilities appear to be driving customer adoption and positioning it for long-term growth in the digital design and manufacturing markets.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
