Autodesk, Inc. ADSK used its fiscal 2027 second-quarter earnings call to emphasize stronger underlying growth, an expanding operations strategy and a broader push to turn connected project data into AI-driven intelligence.
Management also raised full-year billings and revenue guidance while keeping its non-GAAP operating margin target unchanged, framing MaintainX as both a growth asset and a longer-term extension of Autodesk’s design, make and operate platform.
ADSK Lifts Outlook on Stronger Underlying Growth
Janesh Moorjani, executive vice president and CFO, said second-quarter momentum remained consistent with prior periods, led by AECO strength, particularly construction and emerging markets. Renewal rates also remained strong.
Non-GAAP EPS of $3.30 topped the Zacks Consensus Estimate of $3.12, while revenue of $2.05 billion exceeded the $2.01 billion consensus estimate.
Moorjani raised fiscal 2027 billings guidance to $8.575 billion-$8.65 billion and revenue guidance to $8.295 billion-$8.345 billion. Non-GAAP operating margin guidance remains about 39%, with stronger underlying margins offset by MaintainX dilution.
Autodesk Builds Around MaintainX in Operations
Andrew Anagnost, president and CEO, said customer interest in MaintainX spans manufacturing, general contracting and architecture, where users are looking to improve operations or extend their businesses into operational workflows.
Anagnost said Autodesk’s immediate priorities are preserving MaintainX’s momentum and integrating back-office functions. He also identified enterprise accounts, Europe and broader AEC adoption as key expansion paths.
In Q&A, an Oppenheimer analyst asked about go-to-market integration. Anagnost said Autodesk plans to use enterprise and partner motions similar to those used after earlier construction acquisitions while preserving MaintainX’s product-led growth engine.
ADSK Puts Project Intelligence at Center of AI
Anagnost described project intelligence as a continuous flow of data and context from design through construction or manufacturing and into operations. MaintainX extends that loop by adding information about real-world asset performance.
He said this operational data can feed back into design, building and manufacturing processes, strengthening the connected information available across the asset life cycle.
A Barclays analyst asked how MaintainX could improve Autodesk’s AI data advantage. Anagnost said operational information combined with design and build context gives Autodesk a broader base for AI training and workflow support.
Autodesk Sees Fusion as Early AI Growth Driver
Anagnost said Fusion is one of Autodesk’s most advanced areas for AI integration, with customers showing deep engagement with the Assistant and AI features inside the product.
He said Fusion continues to grow users, annual contract value, revenue and multi-seat purchases. Autodesk has also promoted new automations and MCP connectors within the Fusion ecosystem.
In response to a Baird analyst, Anagnost said AI is a tailwind to Fusion growth. Task-based automation remains embedded in subscriptions, while deeper workflow and system-level automation is expected to bring more consumption-based revenue over time.
ADSK Sales Reorg Shows Better Productivity
Anagnost said the sales reorganization has improved renewal productivity internally and through channel partners, while shifting more effort toward expansion and new business.
He said pipeline indicators are moving in the intended direction, though mature Western Europe is ramping more slowly because of consultation periods and related regional dynamics.
Moorjani added that seller performance against plan improved in the second quarter versus the first. He still highlighted Western Europe and a large fourth-quarter EBA renewal cohort as important second-half execution points.
Autodesk Keeps Focus on Execution
Management’s message centered on sustaining core growth, integrating MaintainX without disrupting its trajectory and expanding AI from task automation toward workflow and system-level use cases.
Anagnost and Moorjani also kept attention on Western Europe sales normalization, the fourth-quarter EBA renewal concentration and margin progression as Autodesk moves through the second half of fiscal 2027.
Zacks Rank and Style Scores Signal a Mixed Setup
ADSK currently carries a Zacks Rank #3 (Hold). Its Growth Score of A and VGM Score of B are favorable, while its Value Score of D and Momentum Score of D are weaker. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Style Scores complement the Zacks Rank, with the strongest historical combinations centered on Zacks Rank #1 and #2 (Buy) stocks paired with A or B scores. ADSK’s profile is mixed, and its Zacks Rank can change as analysts revise estimates after the just-reported results.
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Autodesk, Inc. (ADSK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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