Autodesk Beats Q2 Estimates but Issues Slightly Lower Outlook

Overview

• Autodesk reported results Thursday with adjusted EPS of $3.30 and revenue of $2.05 billion, both above Street estimates.
• The company gave Q3 adjusted EPS guidance of $3.04–$3.09 and a fiscal 2027 EPS midpoint of $12.56, which missed consensus by a small margin and prompted a market pullback.
• Autodesk said the recently closed $3.6 billion MaintainX deal will add roughly $60 million of revenue and $70 million of billings in the second half while increasing near-term operating and financing costs that could dilute 2027 margins.
• Total remaining performance obligations rose only 2% to $7.433 billion while current RPO grew 12%, a slowdown management attributes to removing multi‑year discounts and customers shifting to annual contracts.
• Shares fell about 4–5% in premarket and extended trading after the guidance, yet several analysts raised price targets and kept Buy ratings, leaving investor sentiment mixed as the company transitions its contract mix.