Autodesk, Inc. Earnings Recaps
Q4 2026
Feb 27, 2026
Autodesk delivered impressive fiscal 2026 results, exceeding guidance across multiple financial metrics, driven by strong billings growth and strategic execution in cloud and AI initiatives.
Key takeaways
- Q4 total revenue increased 19% year-over-year, with a notable contribution of approximately $137 million from the new transaction model.
- Billings surged by 33% in Q4, bolstered by robust demand in construction and emerging markets, and a shift to annual billings for multiyear contracts.
- Non-GAAP operating margin improved to 38%, reflecting effective cost discipline despite a $100 million restructuring charge.
- Free cash flow reached $972 million, supported by strong billing trends and effective capital management, which included $1.4 billion in share repurchases for the fiscal year.
- Outlook for fiscal 2027 incorporates risks linked to ongoing restructuring but remains grounded in a resilient business momentum.