Autodesk (ADSK) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Autodesk published the results on August 27, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Autodesk reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• From fiscal 2027 Autodesk classifies maintenance revenue within subscription revenue and has reclassified prior periods. Total net revenue is unchanged by the reclassification.
• Autodesk closed its acquisition of MaintainX on August 3, 2026, after the quarter ended, so MaintainX is not in these Q2 figures but is in the Q3 and full-year outlook.
• Autodesk's fiscal year ends January 31: Q2 fiscal 2027 is the quarter ended July 31, 2026.

Source: Autodesk Q2 fiscal 2027 results, August 27, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Autodesk splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Autodesk's Design revenue was $1.7 billion in Q2 fiscal 2027, up 16% from $1.5 billion in Q2 fiscal 2026, 83% of total revenue.
• Autodesk's Make revenue was $244 million in Q2 fiscal 2027, up 26% from $194 million in Q2 fiscal 2026, 12% of total revenue.
• Autodesk's Other revenue was $94.0 million in Q2 fiscal 2027, down 3% from $97.0 million in Q2 fiscal 2026, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first quote is Autodesk's Q3 fiscal 2027 outlook (quarter ending October 31, 2026); the rest cover the full year ending January 31, 2027. Both include MaintainX.

In its Q2 fiscal 2027 release, Autodesk said:

“Revenue (in millions) $2,125-$2,140 GAAP EPS $1.57-$1.87 Non-GAAP EPS $3.04-$3.09”

“Billings (in millions) $8,575-$8,650 Revenue (in millions) $8,295-$8,345”

“GAAP EPS $7.89-$8.72 Non-GAAP EPS $12.52-$12.60”

“We have increased our fiscal 27 billings and revenue growth guidance to reflect higher underlying growth expectations, as well as the incremental contribution from MaintainX.”

Source: Autodesk Q2 FY27 release, Aug 27, 2026.

This is the company's own guidance as of Aug 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ADSK forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total net revenue and diluted EPS, each as first reported in that quarter's release.

Autodesk's next report is scheduled for November 24, 2026. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Aug 27, 2026

Autodesk's total net revenue was $2,046 million in Q2 fiscal 2027, up 16% as reported and 14% in constant currency from $1,763 million. Nearly all of it is subscription revenue: $1,952 million, against $94 million of other revenue. Recurring revenue was 97% of net revenue, and the net revenue retention rate approximated the top end of Autodesk's 100% to 110% range on a constant currency basis. (Autodesk Q2 FY27 release, Aug 27, 2026; Autodesk Form 10-Q, Q2 FY27, Aug 28, 2026)

Autodesk splits revenue by product type. Design, $1,708 million, rose 16%, which the 10-Q puts down mainly to AEC collections, EBA offerings, AutoCAD, AutoCAD LT and MFG collections. Make, $244 million, rose 26% on growth in Autodesk Forma and Fusion. By product family, AECO was $1,029 million (up 17%), AutoCAD and AutoCAD LT $500 million, MFG $385 million and M&E $92 million. (Autodesk Q2 FY27 release, Aug 27, 2026; Autodesk Form 10-Q, Q2 FY27, Aug 28, 2026)

Autodesk's geographic mix: the Americas brought in $898 million, of which the U.S. was $727 million against $629 million a year earlier. EMEA was $804 million, up 19% as reported but 13% in constant currency, so a weaker dollar added to the reported growth there. Asia Pacific was $344 million, up 14%. (Autodesk Q2 FY27 release, Aug 27, 2026; Autodesk Form 10-Q, Q2 FY27, Aug 28, 2026)

Autodesk sells through distributors and resellers as well as directly, and its reliance on its largest distributor has halved. TD Synnex accounted for 8% of total net revenue in Q2 fiscal 2027, against 16% in the same quarter of fiscal 2026, and the 10-Q says Autodesk is increasingly transacting directly with customers. (Autodesk Form 10-Q, Q2 FY27, Aug 28, 2026)

Autodesk's contracted backlog grew more slowly than revenue. Deferred revenue was $4,258 million (up 11%) and current remaining performance obligations $5,245 million (up 12%), but total RPO rose only 2% to $7,433 million and unbilled deferred revenue fell 8%. Autodesk attributes that to its program of reducing multi-year discounts, including winding down multi-year Maintenance-to-Subscription renewals. (Autodesk Q2 FY27 release, Aug 27, 2026)

Autodesk's GAAP diluted EPS was $2.33 and its non-GAAP EPS $3.30 in Q2 fiscal 2027. The largest item between them is stock-based compensation, $0.87 per share, followed by amortization of purchased intangibles and developed technologies ($0.16), acquisition-related costs ($0.07) and losses on strategic investments ($0.07), less $0.20 of income tax adjustments. GAAP net income was $492 million, against $313 million. (Autodesk Q2 FY27 release, Aug 27, 2026)

Autodesk's GAAP operating margin rose 4 points to 29% and its non-GAAP operating margin 2 points to 41%. The GAAP tax provision fell to $101 million from $143 million even though income before taxes rose to $593 million from $456 million. (Autodesk Q2 FY27 release, Aug 27, 2026)

Autodesk's diluted share count fell to 211 million from 215 million. It repurchased 2 million shares in the quarter at an average price of $211.89, and $901 million of stock over the first half. At July 31, 2026, $1.58 billion and $5 billion remained under its November 2022 and November 2024 repurchase programs. (Autodesk Q2 FY27 release, Aug 27, 2026; Autodesk Form 10-Q, Q2 FY27, Aug 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Autodesk publishes a numeric outlook in each release. For Q3 fiscal 2027 it guided revenue of $2,125 million to $2,140 million, GAAP EPS of $1.57 to $1.87 and non-GAAP EPS of $3.04 to $3.09. For the full fiscal year it guided billings of $8,575 million to $8,650 million, revenue of $8,295 million to $8,345 million, a non-GAAP operating margin of about 39% and free cash flow of $2,725 million to $2,750 million. (Autodesk Q2 FY27 release, Aug 27, 2026)

Autodesk's CFO said the billings and revenue growth guidance was raised for higher underlying growth and the contribution from MaintainX, which Autodesk bought on August 3, 2026 for preliminary consideration of about $3.53 billion, funded partly with a $1 billion term loan. The non-GAAP margin guidance was left unchanged because operating leverage is offset by MaintainX dilution, and the free cash flow range includes about $45 million of MaintainX transaction expenses. (Autodesk Q2 FY27 release, Aug 27, 2026; Autodesk Form 10-Q, Q2 FY27, Aug 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Autodesk, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Autodesk's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ADSK is on is ADSK a buy or a sell?, what analysts expect next is on the ADSK forecast, and what the company does is on the Autodesk (ADSK) stock page.

Every number on this page can be traced to a document Autodesk published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.