Autodesk Inc. raised its fiscal 2026 revenue and earnings forecast on Thursday, citing continued strong demand for its cloud-based design and engineering software across sectors such as architecture, engineering, construction, manufacturing, and media. The company’s shares rose about 2% in extended trading following the announcement.
Autodesk has also seen an uptick in AI-driven customer spending, aligning with its strategic pivot to enhance cloud infrastructure and integrate artificial intelligence into its software tools.
“We have not seen changes in overall business momentum when compared to recent quarters,” said CFO Janesh Moorjani.
CEO Andrew Anagnost added that Autodesk is prioritizing cloud, platform development, and AI investments to drive higher margins and long-term growth.
Updated Fiscal 2026 Outlook:
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Revenue:
Raised to $6.93B–$7.00B (previously $6.90B–$6.97B) -
Adjusted EPS:
Raised to $9.50–$9.73 (from $9.34–$9.67) -
Q2 Revenue Forecast:
$1.72B–$1.73B, ahead of LSEG consensus estimate of $1.70B
Q1 Financial Highlights:
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Revenue:
$1.63 billion, beating estimates of $1.61 billion -
Outlook:
Company signals steady momentum, buoyed by enterprise renewals and broad industry adoption
Strategic Moves & Recent Developments:
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In February, Autodesk announced a 9% workforce reduction to reallocate resources into AI and cloud technologies
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Resolved an activist investor battle with Starboard Value, agreeing to add two new board members amid scrutiny over operating margins
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Reaffirmed focus on margin expansion, despite increased AI investment costs
Industry Context:
Autodesk’s cloud-first strategy and continued push into AI position it competitively against peers like PTC, Bentley Systems, and Dassault Systèmes, as enterprises across the globe digitize design, simulation, and construction workflows.