Autodesk (ADSK) Stock Drops 4% Despite Strong Q2 Beat – Here’s Why

TLDR

• Autodesk Q2 adjusted EPS came in at $3.30, beating the $3.12 consensus estimate
• Revenue rose 16% year-over-year to $2.05 billion, above the $2.01 billion estimate
• Full-year fiscal 2027 adjusted EPS guidance midpoint of $12.56 missed the $12.60 consensus
• Stock dropped more than 4% in premarket trading on the guidance miss
• Guggenheim raised its price target to $283 from $277, maintaining a Buy rating

Autodesk posted a solid second quarter, but investors focused on what comes next. The stock dropped more than 4% in premarket trading Friday after the company’s fiscal 2027 guidance fell short of expectations.

Autodesk, Inc., ADSK

The design software company reported Q2 adjusted EPS of $3.30 against a consensus of $3.12. Revenue came in at $2.05 billion, up 16% year-over-year, beating the $2.01 billion estimate.

Subscription growth hit 17%, ahead of the Street’s 14.5% estimate. Renewal rates and linearity were both better than expected.

AUTODESK $ADSK Q2’27 EARNINGS HIGHLIGHTS

🔹 Revenue: $2.05B (Est. $2.01B) 🟢; +16% YoY
🔹 Adj. EPS: $3.30 (Est. $3.12) 🟢
🔹 Non-GAAP Operating Margin: 41%; +2 pts YoY
🔹 Free Cash Flow: $561M; +24% YoY

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