Overview
- Autodesk posted fiscal Q3 revenue of $1.85 billion and adjusted earnings of $2.67 per share, beating Wall Street expectations.
- The company guided Q4 revenue to $1.90–$1.92 billion and adjusted EPS to $2.59–$2.67, and it raised full‑year EPS to $10.18–$10.25 on revenue of $7.15–$7.17 billion.
- Direct sales jumped 85% on strength in the Autodesk Store and adoption of a new transaction model, a mix shift the CFO said unfolded as expected.
- Shares rose about 6% to $312.50 in pre‑market trading after the results and remained higher during Wednesday’s session.
- Analysts raised views, with Deutsche Bank upgrading to Buy with a $375 target, Rosenblatt lifting its target to $375, and RBC reiterating Outperform with a $380 target as management emphasized AI-driven automation.