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ADSK delivered fiscal Q3 earnings and revenues that topped estimates with double-digit Y/Y growth.
Results were driven by strong AECO performance, higher upfront revenues and momentum in the Autodesk Store.
Subscription revenues rose 19% as regions and product lines posted broad gains, with a 21% jump in billings.
Autodesk (ADSK - Free Report) reported third-quarter fiscal 2026 non-GAAP earnings of $2.67 per share, which beat the Zacks Consensus Estimate by 7.23% and increased 23% year over year.
The company reported revenues of $1.85 billion, which beat the consensus mark by 2.67% and grew 18% year over year.
Autodesk delivered robust performance this quarter, driven by exceptional AECO performance. The company also saw higher-than-expected upfront revenues, sustained momentum in the Autodesk Store and better-than-anticipated billings linearity, all contributing to results that exceeded expectations.
Q3 Top-Line Details of ADSK
Autodesk’s subscription revenues (93.6% of total revenues) increased 19% year over year to $1.73 billion. Maintenance revenues (0.4% of total revenues) declined 11.1% from the year-ago quarter to $8 million. Other revenues (6% of total revenues) increased 6.7% to $111 million in the reported quarter.
Region-wise, revenues from the Americas (44.3% of revenues) increased 16.3% from the year-ago quarter’s levels to $820 million. Revenues from the EMEA, which accounted for 38.6% of revenues, climbed 23.3% to $715 million. Revenues from the Asia-Pacific (17.2% of revenues) increased 11.6% to $318 million.
Billings of $1.86 billion increased 21% year over year in the reported quarter.
Product Line Details of ADSK
Autodesk offers primarily four product families: Architecture, Engineering, Construction and Operations (AECO), AutoCAD and AutoCAD LT, Manufacturing (MFG) and Media and Entertainment (M&E).
AECO (49.7% of revenues) revenues increased 22.6% year over year to $921 million.
AutoCAD and AutoCAD LT (24.7% of revenues) revenues rose 15.1% to $458 million.
MFG (19.2% of revenues) revenues increased 15.6% to $355 million.
M&E (4.6% of revenues) revenues increased 3.6% to $86 million.
Operating Results of ADSK
Non-GAAP operating expenses increased 16.2% year over year to $1.03 billion in the reported quarter.
Autodesk reported a non-GAAP operating margin of 37.7%, which expanded 120 basis points year over year.
ADSK’s Balance Sheet & Cash Flow
As of Oct. 31, 2025, Autodesk had cash and cash equivalents (including marketable securities) of $2.29 billion compared with $2.24 billion as of July 31, 2025.
Deferred revenues increased 5% to $3.85 billion. Unbilled deferred revenues were $3.52 billion, indicating an increase of 43% year over year.
Remaining performance obligations (RPO) rose 20% to $7.4 billion. The current RPO increased 20% to $4.83 billion.
Cash flow from operating activities was $439 million, representing a 110% increase year over year. Free cash flow was $430 million, indicating a rise of 116%.
In the reported quarter, ADSK purchased approximately 1.2 million shares for $361 million at an average price of approximately $306 per share.
ADSK Provides Q4 & FY26 Guidance
Autodesk projects fourth-quarter fiscal 2026 revenues between $1.90 billion and $1.92 billion.
Non-GAAP earnings per share are expected to be between $2.59 and $2.67.
For fiscal 2026, Autodesk expects revenues between $7.15 billion and $7.17 billion. Billings are now estimated to be in the $7.47-$7.53 billion range.
Non-GAAP earnings are anticipated in the range of $10.18-$10.25 per share. The company also raised its non-GAAP operating margin expectation to approximately 37.5%.
Free cash flow is anticipated in the $2.26-$2.29 billion band.
Image: Bigstock
Autodesk Q3 Earnings & Revenues Surpass Estimates, Rise Y/Y
Key Takeaways
Autodesk (ADSK - Free Report) reported third-quarter fiscal 2026 non-GAAP earnings of $2.67 per share, which beat the Zacks Consensus Estimate by 7.23% and increased 23% year over year.
The company reported revenues of $1.85 billion, which beat the consensus mark by 2.67% and grew 18% year over year.
Autodesk delivered robust performance this quarter, driven by exceptional AECO performance. The company also saw higher-than-expected upfront revenues, sustained momentum in the Autodesk Store and better-than-anticipated billings linearity, all contributing to results that exceeded expectations.
Q3 Top-Line Details of ADSK
Autodesk’s subscription revenues (93.6% of total revenues) increased 19% year over year to $1.73 billion. Maintenance revenues (0.4% of total revenues) declined 11.1% from the year-ago quarter to $8 million. Other revenues (6% of total revenues) increased 6.7% to $111 million in the reported quarter.
Autodesk, Inc. Price, Consensus and EPS Surprise
Autodesk, Inc. price-consensus-eps-surprise-chart | Autodesk, Inc. Quote
Region-wise, revenues from the Americas (44.3% of revenues) increased 16.3% from the year-ago quarter’s levels to $820 million. Revenues from the EMEA, which accounted for 38.6% of revenues, climbed 23.3% to $715 million. Revenues from the Asia-Pacific (17.2% of revenues) increased 11.6% to $318 million.
Billings of $1.86 billion increased 21% year over year in the reported quarter.
Product Line Details of ADSK
Autodesk offers primarily four product families: Architecture, Engineering, Construction and Operations (AECO), AutoCAD and AutoCAD LT, Manufacturing (MFG) and Media and Entertainment (M&E).
AECO (49.7% of revenues) revenues increased 22.6% year over year to $921 million.
AutoCAD and AutoCAD LT (24.7% of revenues) revenues rose 15.1% to $458 million.
MFG (19.2% of revenues) revenues increased 15.6% to $355 million.
M&E (4.6% of revenues) revenues increased 3.6% to $86 million.
Operating Results of ADSK
Non-GAAP operating expenses increased 16.2% year over year to $1.03 billion in the reported quarter.
Autodesk reported a non-GAAP operating margin of 37.7%, which expanded 120 basis points year over year.
ADSK’s Balance Sheet & Cash Flow
As of Oct. 31, 2025, Autodesk had cash and cash equivalents (including marketable securities) of $2.29 billion compared with $2.24 billion as of July 31, 2025.
Deferred revenues increased 5% to $3.85 billion. Unbilled deferred revenues were $3.52 billion, indicating an increase of 43% year over year.
Remaining performance obligations (RPO) rose 20% to $7.4 billion. The current RPO increased 20% to $4.83 billion.
Cash flow from operating activities was $439 million, representing a 110% increase year over year. Free cash flow was $430 million, indicating a rise of 116%.
In the reported quarter, ADSK purchased approximately 1.2 million shares for $361 million at an average price of approximately $306 per share.
ADSK Provides Q4 & FY26 Guidance
Autodesk projects fourth-quarter fiscal 2026 revenues between $1.90 billion and $1.92 billion.
Non-GAAP earnings per share are expected to be between $2.59 and $2.67.
For fiscal 2026, Autodesk expects revenues between $7.15 billion and $7.17 billion. Billings are now estimated to be in the $7.47-$7.53 billion range.
Non-GAAP earnings are anticipated in the range of $10.18-$10.25 per share. The company also raised its non-GAAP operating margin expectation to approximately 37.5%.
Free cash flow is anticipated in the $2.26-$2.29 billion band.
ADSK’s Zacks Rank & Stocks to Consider
Currently, ADSK carries a Zacks Rank #3 (Hold).
CrowdStrike (CRWD - Free Report) , nCino (NCNO - Free Report) and Simulations Plus (SLP - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. CRWD, NCNO and SLP sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
NCNO shares have declined 26.7% in the year-to-date period. It is slated to report third-quarter fiscal 2026 results on Dec. 3.
CRWD shares have appreciated 48.8% in the year-to-date period. It is slated to report third-quarter fiscal 2026 results on Dec. 2.
SLP shares have fallen 38.4% in the year-to-date period. It is slated to report fourth-quarter and fiscal 2025 results on Dec. 1.