Why it may matterVerify against the original reporting
Autodesk delivered a solid top-line beat in Q2 with 16% YoY growth and raised FY27 guidance, including billings. The MaintainX acquisition adds growth but introduces margin dilution; management reaffirmed non-GAAP margin strength and free cash flow outlook, which supports a favorable earnings revision and potential multiple expansion in the near term. The stock could run into the next earnings cycle as investors price in stronger than expected growth and AI-centric messaging.
AI summary
What happened, with direct paths to the underlying reporting
Autodesk reported Q2 FY27 revenue of $2.046B, up 16% YoY (14% CC), with GAAP margin at 29% and non-GAAP margin at 41%. The MaintainX acquisition contributed to stronger billings and revenue guidance for FY27, though it introduced some margin dilution and approximately $45M in related transaction costs. The company remains focused on AI-enabled project intelligence and expect continued growth and higher free cash flow in the year ahead.
Q2 FY27 revenue $2.046B, up 16% YoY. 14% CC growth.
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