Autodesk reported strong fourth quarter and full-year fiscal 2026 results, driven by robust revenue growth and improved operating margins, particularly in the AECO sector. The company highlighted its strategic positioning for AI and cloud technologies, while also acknowledging the need for prudence in fiscal 2027 guidance due to sales optimization plans.
Fourth quarter revenue grew 19% year-over-year to $1.96 billion, with constant currency growth also at 19%.
positiveFull-year fiscal 2026 revenue increased 18% year-over-year to $7.21 billion.
positiveNon-GAAP operating margin improved to 38% in Q4 FY26, up 1 percentage point year-over-year.
positiveCash flow from operating activities increased 43% year-over-year to $989 million in Q4 FY26.
positiveFree cash flow increased 43% year-over-year to $972 million in Q4 FY26.
positiveThe company's guidance for Q1 FY27 revenue is projected to be between $1.885 billion and $1.900 billion, representing a modest growth rate compared to the current quarter's revenue.
attentionThe company's guidance for Full-Year Fiscal 2027 revenue is projected to be between $8.100 billion and $8.170 billion, indicating a deceleration in growth compared to FY26.
attentionThe company's guidance for FY27 GAAP operating margin is 26% - 28%, which is a decrease from the reported 22% in FY26 (GAAP) and 38% (Non-GAAP).
attentionThe company's guidance for FY27 Non-GAAP operating margin is 38.5% - 39%, which is only a slight improvement from FY26's 38%.
attentionThe company mentions 'prudence to reflect temporary risk to billings and revenue as we operationalize our sales optimization plan' in the CFO commentary, suggesting potential near-term headwinds.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
Americas | N/A | — | — | — | +16.0% |
EMEA | N/A | — | — | — | +23.0% |
APAC | N/A | — | — | — | +18.0% |
Design | N/A | — | — | — | +19.0% |
Make | N/A | — | — | — | +23.0% |
Other | N/A | — | — | — | +19.0% |
AECO | N/A | — | — | — | +22.0% |
AutoCAD and AutoCAD LT | N/A | — | — | — | +17.0% |
MFG | N/A | — | — | — | +20.0% |
M&E | N/A | — | — | — | +8.0% |
| Total Revenue | $0.00M | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Autodesk is building the future and the path to it, with best days and greatest opportunities ahead, leveraging its platform and next-generation business models for agentic AI.
The company delivered another strong quarter, with outperformance in AECO, particularly in construction and emerging markets.
Billings, linearity of billings, and up-front revenue all exceeded expectations.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.