Autodesk shares fall despite Q2 beat as cash flow guidance narrows
Shares of Autodesk Inc. fell about 5% in late trading today after the design software company beat Wall Street targets in its fiscal 2027 second quarter and then trimmed the midpoint of its full-year free cash flow forecast.
For the quarter that ended on July 31, Autodesk reported adjusted earnings of $3.30 per share, up from $2.62 a year earlier, on revenue of $2.046 billion, up 16% year-over-year and 14% in constant currency. Analysts were expecting $3.12 per share on revenue of $2.01 billion.
Billings rose 10% year-over-year to $1.854 billion. Adjusted operating margin came in at 41%, two points better than a year ago, and net income climbed to $492 million from $313 million. Free cash flow for the quarter was $561 million, up 24%.
Design revenue grew 16%, to $1.708 billion, and Make revenue jumped 26%, to $244 million, while other revenue slipped 3%, to $94 million. The architecture, engineering, construction and operations family was the biggest of the four product groups at $1.029 billion, up 17%. AutoCAD and AutoCAD LT contributed $500 million.
