Autodesk Q2 revenue beats estimates, lifts outlook
ADSK•Analyst view and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 32 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the software peer group is "buy". Wall Street's median 12-month price target for Autodesk, Inc. is $305.00, about 19.7% above its August 26 closing price of $254.77.
The stock recently traded at 19 times the next 12-month earnings versus a P/E of 18 three months ago.
Growth across product families
The company said it reported double-digit revenue growth across Design, Make, and product families including AECO, AutoCAD, MFG, and M&E.
Autodesk also cited incremental contribution from the MaintainX acquisition as a factor in higher billings and revenue guidance.
Outlook raised for fiscal 2027
Autodesk sees third-quarter revenue between $2.125 bln and $2.140 bln. The company expects fiscal 2027 revenue of $8.295 bln to $8.345 bln.
Autodesk raised its fiscal 2027 billings and revenue growth guidance, citing higher growth and the MaintainX acquisition.
Quarterly results beat estimates
Autodesk said fiscal second-quarter revenue rose 16% and beat analyst expectations. Adjusted earnings per share for the quarter also beat consensus.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue |
