Autodesk shares surge as AI-powered design firm beats expectations

Investing.com -- Autodesk Inc (NASDAQ: ADSK) reported better-than-expected third-quarter fiscal 2026 results on Tuesday, with both earnings and revenue surpassing analyst estimates, prompting the company to raise its full-year outlook. Shares of the design software maker jumped over 4% in after-hours trading following the announcement.

The AI-focused design and engineering software company reported adjusted earnings per share of $2.67, significantly exceeding the analyst consensus of $2.50. Revenue rose 18% YoY to $1.85 billion, topping the $1.81 billion estimate and demonstrating strong momentum across its business segments.

"We delivered another strong quarter, highlighted by outperformance in AECO," said Janesh Moorjani, Autodesk CFO. "Up-front revenue, the Autodesk Store, and billings linearity all exceeded expectations."

The company’s Architecture, Engineering, Construction, and Operations (AECO) segment led growth with a 23% YoY increase to $921 million. Manufacturing revenue grew 16% to $355 million, while AutoCAD and AutoCAD LT revenue increased 15% to $458 million.

Geographically, EMEA (Europe, Middle East, and Africa) showed the strongest performance with 23% growth to $715 million, while Americas revenue rose 16% to $820 million.

Autodesk raised its fiscal 2026 guidance, now expecting adjusted EPS of $10.18 to $10.25, well above the analyst consensus of $9.95. The company also increased its full-year revenue forecast to a range of $7.15 billion to $7.17 billion.

CEO Andrew Anagnost highlighted the company’s AI strategy, stating, "We’re defining the AI revolution for design and make, empowering customers with new task, workflow and system automations, and capturing shared value through subscription, consumption, and outcomes-based business models."

For the fourth quarter, Autodesk projects revenue between $1.90 billion and $1.92 billion, with adjusted EPS ranging from $2.59 to $2.67.

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