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Autodesk Boosts Fiscal 2026 Outlook on Strong Cloud and AI-Driven Software Demand

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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:

  • 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:

  • 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:

  • In February, Autodesk announced a 9% workforce reduction to reallocate resources into AI and cloud technologies

  • Resolved an activist investor battle with Starboard Value, agreeing to add two new board members amid scrutiny over operating margins

  • 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.

Kyndryl Beats Revenue Estimates on AI Demand Surge, Hits $1.2B Hyperscaler Milestone

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Kyndryl (KD.N) topped Wall Street revenue estimates in the fourth quarter, driven by strong demand from businesses integrating artificial intelligence, the company reported Wednesday. The former IBM infrastructure unit reported $3.80 billion in quarterly revenue, slightly above analyst expectations of $3.77 billion (LSEG), despite a modest year-over-year decline.

Crucially, Kyndryl surpassed its hyperscaler revenue target, recognizing $1.2 billion in fiscal 2025 revenue from companies leveraging services from major cloud providers—well above its $1 billion goal.

“We expanded our capabilities in cloud, modernization, applications, AI and security,” said CEO Martin Schroeter, highlighting AI integration as a core growth area.

Key Financial Highlights:

  • Q4 revenue: $3.80B (vs. $3.77B expected)

  • Q4 net income: $68M (vs. $45M loss YoY)

  • Fiscal 2026 adjusted pretax income forecast: ≥ $725M (up $243M YoY)

  • AI and cloud modernization seen as major revenue catalysts

While overall revenue dipped ~1%, this is partially attributed to Kyndryl’s ongoing restructuring of inherited no-margin IBM contracts, a strategic shift aimed at long-term profitability.

Market Context:

  • Kyndryl stock rose 66% in 2023 but is down over 3% YTD, amid broader macroeconomic volatility tied to U.S. trade policy shifts under President Trump.

  • The IT services sector is experiencing strong AI-fueled transformation, as businesses invest heavily in data architecture and cloud-based solutions.

The strong performance and confident outlook affirm Kyndryl’s position as a key player in helping enterprises modernize for the AI era.