Autodesk (ADSK) third quarter 2026 Financial Results Summary

2025-11-26 · Stocks · QuoteReporter

Autodesk, Inc. (ADSK) Q3 2026 Financial Results Summary

On November 25, 2025, Autodesk, Inc. (NASDAQ: ADSK) announced its financial results for the third quarter of fiscal 2026, which ended on October 31, 2025.

Key Financial Metrics

Revenue
Total revenue reached $1.85 billion, an increase of 18% from the same quarter a year ago.
Revenue growth was consistent in constant currency terms, also at 18%.
Billings
Billings for the quarter were $1.86 billion, a growth of 21% year-over-year.
Margins
GAAP operating margin improved by 3 percentage points to 25%.
Non-GAAP operating margin rose by 1 percentage point to 38%.
Earnings Per Share (EPS)
GAAP EPS increased by $0.33 to $1.60.
Non-GAAP EPS climbed by $0.50 to $2.67.
Cash Flow
Cash flow from operating activities was $439 million, a significant increase of 110% year-over-year.
Free cash flow amounted to $430 million, representing an increase of 116% year-over-year.

Revenue Breakdown by Product Type

Design:
Generated revenue of $1.54 billion, up 19% year-over-year.
Make:
Revenue stood at $205 million, reflecting a growth of 20%.
Other:
Revenue totaled $111 million, showing a mild increase of 7%.

Revenue Breakdown by Geographic Region

Americas:
Revenue increased by 16% to $820 million.
EMEA:
Revenue growth of 23%, reaching $715 million.
APAC:
Revenue grew by 12% to $318 million.

Performance by Product Families

Architecture, Engineering, Construction, and Operations (AECO):
Revenue was $921 million, up 23%.
AutoCAD and AutoCAD LT:
Revenue increased by 15% to $458 million.
Manufacturing (MFG):
Revenue reached $355 million, up 16%.
Media and Entertainment (M&E):
Revenue modestly rose by 4% to $86 million.

Remaining Performance Obligations

Deferred Revenue: $3.85 billion, up 5%.
Unbilled Deferred Revenue: $3.52 billion, a notable increase of 43%.
Current Remaining Performance Obligations (RPO): $4.83 billion, growing by 20%.

Business Outlook

Fourth Quarter Fiscal 2026 Guidance
– Revenue: Expected to be between $1.90 – $1.92 billion.
– GAAP EPS: Projected between $1.40 – $1.57.
– Non-GAAP EPS: Expected between $2.59 – $2.67.

Full Year Fiscal 2026 Guidance
– Billings: Forecasted to be between $7.47 – $7.53 billion.
– Revenue: Expected between $7.15 – $7.17 billion.
– GAAP Operating Margin: Projected at approximately 23%.
– Non-GAAP Operating Margin: Expected around 37.5%.
– GAAP EPS: Projected between $5.16 – $5.33.
– Non-GAAP EPS: Expected between $10.18 – $10.25.
– Free Cash Flow: Forecasted to be between $2.26 – $2.29 billion.

Stock Buyback and Dividends

Stock Repurchases: Autodesk repurchased $1.07 billion of common stock during the quarter.
No quarterly dividend was declared in this announcement.

Conclusion

Autodesk reported strong growth across multiple areas in its third quarter of fiscal 2026 amid a stable macroeconomic environment. Management has raised full-year guidance, reflecting increased momentum, particularly in the AECO sector. The company continues to focus on enhancing its offerings, including expanding automation capabilities amid the ongoing AI revolution.

Here are the extracted tables from the press release:

Condensed Consolidated Statements of Operations

(In millions, except per share data)

	Three Months Ended October 31, 2025	Nine Months Ended October 31, 2025
Net revenue: (Unaudited) 2024	$1,734	$4,924
Maintenance	8	25
Total subscription and maintenance revenue	1,742	4,949
Other	111	300
Total net revenue	1,853	5,249
Cost of subscription and maintenance revenue	118	343
Cost of other revenue	22	68
Amortization of developed technologies	25	73
Total cost of revenue	165	484
Gross profit	1,688	4,765
Marketing and sales	612	1,737
Research and development	416	1,223
General and administrative	172	502
Amortization of purchased intangibles	13	40
Restructuring, other exit costs, and facility reductions	5	116
Total operating expenses	1,218	3,618
Income from operations	470	1,147
Interest and other (loss) income, net	-2	11
Income before income taxes	468	1,158
Provision for income taxes	-125	-350
Net income	$343	$808
Basic net income per share	$1.61	$3.79
Diluted net income per share	$1.60	$3.76
Weighted average shares used in computing basic net income per share	213	213
Weighted average shares used in computing diluted net income per share	215	215

Condensed Consolidated Balance Sheets

(In millions)

ASSETS	October 31, 2025 (Unaudited) January 31, 2025
Cash and cash equivalents	$1,989
Marketable securities	300
Accounts receivable, net	806
Prepaid expenses and other current assets	800
Total current assets	3,895
Long-term marketable securities	302
Computer equipment, software, furniture and leasehold improvements, net	118
Operating lease right-of-use assets	152
Intangible assets, net	493
Goodwill	4,278
Deferred income taxes, net	936
Long-term other assets	1,024
Total assets	$11,198
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities: Accounts payable	$384
Accrued compensation	442
Accrued income taxes	98
Deferred revenue	3,577
Operating lease liabilities	57
Current portion of long-term notes payable, net	—
Other accrued liabilities	177
Total current liabilities	4,735
Long-term deferred revenue	269
Long-term operating lease liabilities	195
Long-term income taxes payable	216
Long-term deferred income taxes	27
Long-term notes payable, net	2,482
Long-term other liabilities	381
Stockholders’ equity: Common stock and additional paid-in capital	4,588
Accumulated other comprehensive loss	-263
Accumulated deficit	-1,432
Total stockholders’ equity	2,893
Total liabilities and stockholders’ equity	$11,198