Autodesk Sets November 24 for Fiscal 2027 Third-Quarter Results Call
Key Facts
Autodesk had not reported results for the third quarter of its fiscal 2027 by November 10, and set November 24 for its results call. In an announcement published on November 2, the company said the call would take place on Tuesday at 2 p.m. Pacific time. The call is therefore the next milestone for investors seeking insight into the company's performance during the quarter. The results had drawn attention after the company issued its financial outlook for the period in August, before it ended on October 31. The upcoming announcement will allow actual figures to be compared with that outlook and with the demand indicators the company presented in the previous quarter.
Autodesk forecast third-quarter revenue of $2.125 billion to $2.140 billion, according to guidance it issued when reporting second-quarter results. The company gave a GAAP earnings-per-share range of $1.57 to $1.87. For non-GAAP earnings per share, it forecast a range of $3.04 to $3.09. These are prior guidance figures for the quarter ended October 31, not reported results. The comparison when results are released will therefore focus on how close revenue and earnings per share came to the ranges set by the company.
In the second quarter of fiscal 2027, Autodesk reported revenue of $2.046 billion, up 16% year over year, or 14% excluding the effect of foreign-exchange movements. Revenue in the first quarter was $1.934 billion, with year-over-year growth of 18%, or 16% on a constant-currency basis. These earlier results provide a backdrop for comparison with the third quarter, but are not a substitute for its actual figures. Non-GAAP earnings per share were $2.99 in the first quarter. Third-quarter data will show how performance developed after those results when they are reported on the scheduled date.
Second-quarter data showed differing revenue trends across product segments: Design generated revenue of $1.708 billion, up 16% year over year. Make revenue was about $244 million, an increase of 26% from the same period. By contrast, Other revenue declined 3% year over year. Billings totaled $1.854 billion in the same quarter, up 10% year over year. These indicators provide baselines from the second quarter, while the November announcement will show whether segment growth and billings continued or changed pace in the following quarter.
Autodesk ended the second quarter with remaining performance obligations of $7.433 billion, up 2% year over year, while the current portion of those obligations was $5.245 billion, up 12%. The company said reducing discounts on multiyear contracts supports improved price realization over time, but temporarily weighs on growth in unbilled deferred revenue and remaining performance obligations. Commenting on its annual outlook, the chief financial officer said the company raised its fiscal 2027 billings and revenue growth guidance, attributing the change to higher expectations for underlying growth and an additional contribution from MaintainX. These factors add context to the demand and contracting indicators that will accompany the revenue figures when third-quarter results are announced. The stock closed at $263.35 on November 9, according to EL7 data; this was the close of the session before the call.