Autodesk to Report Q2 Earnings: What's in the Cards for the Stock?

Autodesk ADSK is scheduled to release second-quarter fiscal 2027 results on Aug. 27.

Autodesk projects fiscal second-quarter revenues between $2.005 billion and $2.015 billion. GAAP earnings per share are expected to be in the range of $1.84-$1.97, and non-GAAP earnings per share are anticipated between $3.10 and $3.14, excluding MaintainX.

The Zacks Consensus Estimate for second-quarter fiscal 2027 revenues is pegged at $2.01 billion, indicating 13.96% year-over-year growth.

The consensus mark for the to-be-reported quarter’s earnings is pegged at $3.12 per share, unchanged over the past 30 days. The estimate indicates year-over-year growth of 19.08%.

ADSK beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with an average surprise of 7.07%.

Let’s see how things have shaped up before this announcement.

Key Factors to Note for ADSK’s Q2 Results

Autodesk's fiscal second-quarter 2027 results are expected to reflect the continued rollout of its sales reorganization and transaction-model transition rather than any single external shock.

Management had guided for new-subscription growth to remain pressured through the quarter as channel incentives shifted toward new-business capture, even as renewal rates are expected to have stayed strong. The new transaction model's revenue tailwind is expected to have narrowed to roughly two percentage points, down from 3.5 points in the fiscal first quarter, reducing one of the temporary boosts that flattered prior comparisons.

Momentum in AECO, particularly construction, and in emerging markets is likely to have continued supporting the top line, while EMEA's growth rate was expected to have normalized after a strong prior-year comparison tied to earlier transaction-model timing.

Ongoing reduction in multiyear contract discounting is expected to have continued weighing on unbilled deferred revenues even as it supported longer-term price realization. The pending MaintainX transaction remained unclosed and was excluded from guidance. It is not expected to have contributed to the reported figures, though integration planning and related costs might have been a modest drag.

Segment-level developments through the quarter were concentrated in operations, manufacturing and small-business access. In Operations, Autodesk's May 28 agreement to acquire MaintainX for approximately $3.6 billion advanced its Autodesk Operations Solutions unit. MaintainX is anticipated to exceed $135 million of annualized recurring revenues in 2026, suggesting a rise of 50%, once the deal closes later in the fiscal year.

In Manufacturing, a June 3 strategic collaboration agreement with Amazon Web Services made Fusion for Product Design and Fusion Manage available on AWS Marketplace beginning in the second quarter, aimed at broadening cloud-based customer access.

Across AECO and AutoCAD-based offerings, a June 4 update lowered the minimum Autodesk Flex purchase to 33 tokens for $99 from 100 tokens for $300, intended to widen adoption among small businesses and solo practitioners.

What Our Model Says

According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s not the case here.

ADSK has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Stocks to Consider

Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases.

Amphenol APH has an Earnings ESP of +1.06% and sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Amphenol shares have gained 13.8% in the year-to-date period. APH has a long-term earnings growth rate of 26.77%.

Celestica CLS has an Earnings ESP of +5.27% and flaunts a Zacks Rank #1 at present.

Celestica shares have dropped 0.2% in the year-to-date period. CLS has a long-term earnings growth rate of 43.27%.

Vertiv VRT has an Earnings ESP of +0.06% and a Zacks Rank #2 at present.

Vertiv shares have climbed 57.1% in the year-to-date period. VRT has a long-term earnings growth rate of 74.61%.

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