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Oct 31, 2025
Autodesk Q3 2026 Earnings Report
Autodesk reported strong third quarter fiscal 2026 results, with revenue growing 18% to $1.85 billion and outperforming expectations in AECO.
Key Takeaways
Autodesk announced robust financial results for the third quarter of fiscal 2026, with revenue reaching $1.85 billion, an 18% increase year-over-year. The company saw significant outperformance in AECO and exceeded expectations for up-front revenue, Autodesk Store performance, and billings linearity. GAAP EPS was $1.60, and non-GAAP EPS was $2.67. Cash flow from operating activities surged by 110% to $439 million.
Third quarter revenue increased by 18% year-over-year to $1.85 billion, driven by strong performance in AECO.
GAAP diluted EPS was $1.60, while non-GAAP diluted EPS reached $2.67, reflecting solid profitability.
Cash flow from operating activities grew significantly by 110% to $439 million, with free cash flow at $430 million.
Billings rose by 21% to $1.855 billion, indicating strong customer demand and future revenue potential.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Autodesk provided an optimistic outlook for Q4 and full-year fiscal 2026, raising its guidance due to current business momentum. The company anticipates continued revenue growth and strong profitability, with specific targets for billings, revenue, and EPS.
Positive Outlook
- Full-year fiscal 2026 revenue guidance raised to $7.150 - $7.165 billion.
- Full-year fiscal 2026 non-GAAP operating margin projected at ~37.5%.
- Full-year fiscal 2026 non-GAAP EPS guidance set at $10.18 - $10.25.
- Full-year fiscal 2026 free cash flow expected to be $2.260 - $2.290 billion.
- Q4 FY26 revenue projected to be $1.901 - $1.917 billion, indicating continued growth.
Challenges Ahead
- GAAP operating margin for full-year fiscal 2026 is lower at ~23% compared to non-GAAP.
- The outlook assumes a GAAP tax rate of 31% for the full year and 31-34% for Q4, which could impact net income.
- Restructuring and other related cash outflows of approximately $115 million are included in free cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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