Core Viewpoint - The software industry is facing a significant challenge referred to as the "SaaSpocalypse," where agentic AI is expected to disrupt existing business models [1] Group 1: Industry Insights - In 2026, very few software stocks have managed to avoid the narrative surrounding the "SaaSpocalypse" [1] - The concept suggests that advancements in AI technology could potentially unseat established business models within the software sector [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing him with insights into current industry trends [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating his influence and reach within the investment community [1]

Core Viewpoint - Block Inc. is cutting approximately 40% of its workforce, reducing headcount from over 10,000 to just under 6,000, citing the impact of "intelligence tools" on company operations [2][3] Workforce Reduction - The workforce reduction is expected to be completed by mid-year, with Block anticipating restructuring costs between $450 million to $500 million, primarily front-loaded in the first quarter [7] - The cuts are concentrated in engineering roles, aligning with Block's strategy to utilize its in-house AI platform, Goose, for efficiency [10] Financial Performance - Despite the layoffs, Block reported strong gross profit growth and an earnings forecast that exceeded estimates, leading to a 25% increase in stock price during extended trading [5][6] - Analysts from Morgan Stanley and Goldman Sachs have upgraded Block's rating, citing AI-driven efficiencies that could enhance profitability [6] Industry Context - The decision by Block is seen as a potential trendsetter for corporate America, with predictions that many businesses may follow suit within a year [3] - The debate surrounding AI's impact on jobs is intensifying, with concerns about potential negative feedback loops affecting consumer spending and financial stability [8][9] Historical Context - Block's employee count surged from about 4,000 in 2019 to nearly 13,000 during the pandemic, leading to criticisms of overhiring [14] - The current headcount reduction effectively returns Block to its 2020 levels, raising questions about long-term growth prospects [15][16]

Core Viewpoint - Autodesk reported strong fourth-quarter results that exceeded analyst expectations, leading to a significant increase in share price, and provided optimistic fiscal 2027 guidance that also surpassed consensus estimates [1][2]. Financial Performance - The company posted adjusted earnings per share of $2.85, exceeding analyst estimates of $2.64 [1] - Revenue increased by 19% year over year to $1.96 billion, surpassing the consensus forecast of $1.91 billion [1] Fiscal 2027 Guidance - Autodesk projected earnings per share between $12.29 and $12.56, well above the consensus estimate of $11.65 [2] - Expected revenue for fiscal 2027 is in the range of $8.48 billion to $8.58 billion, exceeding analyst expectations of $7.97 billion [2] Strategic Investments - The company has been investing in cloud and artificial intelligence capabilities for over a decade, aiming to build a scalable platform to monetize AI across its product portfolio [2] Market Strength - The quarter's performance was supported by strength in architecture, engineering, construction, and operations, particularly in construction and emerging markets [3] - Enterprise business agreements, subscription billings, and upfront revenue all exceeded expectations [3] Business Outlook - The fiscal 2027 guidance assumes continued underlying business momentum while incorporating caution regarding temporary risks to billings and revenue due to a sales optimization strategy [4]

He's Autodesk CEO provides 3D design software products for everything from architecture to engineering to construction of AI data centers. Andrew, uh, how are you processing AI's effect on your workforce. >> You know, for our workforce, we're obviously driving AI into lots of different parts of the parts of the organization and we're seeing real efficiencies.But I want to be clear that the restructure we did recently was part of a multi-year plan to optimize our go to market, spend less on go to market, dri ...

Core Insights - Autodesk (ADSK) reported strong fourth-quarter fiscal 2026 results with non-GAAP earnings of $2.85 per share, exceeding the Zacks Consensus Estimate by 8.37% and reflecting a 25% year-over-year increase [1] - The company achieved revenues of $1.95 billion, surpassing consensus expectations by 2.48% and growing 19% year over year, both in reported and constant currency terms [1] Performance Highlights - The robust performance was driven by exceptional growth in the Architecture, Engineering, Construction and Operations (AECO) sector, particularly in construction and emerging markets, with investments in data centers and infrastructure offsetting weaknesses in commercial real estate [2] - Autodesk experienced stronger-than-expected Enterprise Business Agreements and product subscription billings, with management expressing confidence in the long-term business trajectory supported by cloud and AI strategies [3] Revenue Breakdown - Autodesk restructured its revenue reporting, now categorizing revenues by product type: Design (82.2% of total revenues) increased 19% to $1.61 billion, Make (11.1% of total revenues) grew 24% to $218 million, and Other (6.6% of total revenues) rose 21% to $130 million [4] - Regionally, revenues from the Americas (43.3% of revenues) increased 16% to $847 million, EMEA (39.7% of revenues) climbed 25% to $777 million, and Asia-Pacific (17% of revenues) grew 16% to $333 million [5] Product Line Performance - Autodesk's primary product families include AECO (49.8% of revenues) which increased 22% to $975 million, AutoCAD and AutoCAD LT (24.4% of revenues) which rose 17% to $478 million, Manufacturing (MFG) (19.5% of revenues) which grew 20% to $381 million, and Media and Entertainment (M&E) (4.6% of revenues) which increased 7% to $90 million [6] Operating Results - Non-GAAP operating margin expanded to 38%, improving approximately 100 basis points year over year, while GAAP operating margin remained flat at 22% due to a $100 million restructuring charge [7] Financial Position - As of January 31, 2025, Autodesk had cash and cash equivalents of $2.59 billion, up from $1.98 billion as of October 31, 2025 [8] - Deferred revenues increased 14% to $4.69 billion year over year, with unbilled deferred revenues rising 28% to $3.61 billion [10] Guidance - For fiscal 2027, Autodesk projects revenues between $8.1 billion and $8.17 billion, indicating 12-13% growth, with non-GAAP earnings per share expected to be between $12.29 and $12.56, implying 18-20% growth [11] - The company anticipates a non-GAAP operating margin of approximately 38.5-39% and free cash flow in the range of $2.7 billion to $2.8 billion, representing 12-16% growth over fiscal 2026 [12]

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Core Viewpoint - Autodesk reported quarterly earnings of $2.85 per share, exceeding the Zacks Consensus Estimate of $2.63 per share, and showing an increase from $2.29 per share a year ago, representing an earnings surprise of +8.33% [1] Financial Performance - The company achieved revenues of $1.96 billion for the quarter ended January 2026, surpassing the Zacks Consensus Estimate by 2.48%, and up from $1.64 billion year-over-year [2] - Over the last four quarters, Autodesk has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance and Outlook - Autodesk shares have declined approximately 24.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings numbers [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $2.57, with expected revenues of $1.84 billion, and for the current fiscal year, the estimate is $11.48 on revenues of $7.92 billion [7] - The trend of estimate revisions for Autodesk was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Internet - Software industry, to which Autodesk belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting that stocks in the top half of the Zacks-ranked industries tend to outperform those in the bottom half by more than 2 to 1 [8]

Autodesk (NasdaqGS:ADSK) Q4 2026 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAlexei Gogolev - Executive DirectorAndrew Anagnost - President and CEOBhavin Shah - Director and Software Equity ResearchJanesh Moorjani - EVP and CFOJason Celino - Managing DirectorJay Vleeschhouwer - Managing DirectorJoshua Tilton - SVPMichael Turrin - Managing DirectorSaket Kalia - Managing DirectorSimon Mays-Smith - VP of Investor RelationsNone - Company RepresentativeConference Call ParticipantsAdam Bewick ...

Autodesk (NasdaqGS:ADSK) Q4 2026 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAlexei Gogolev - Executive DirectorAndrew Anagnost - President and CEOBhavin Shah - Director and Software Equity ResearchJanesh Moorjani - EVP and CFOJason Celino - Managing DirectorJay Vleeschhouwer - Managing DirectorJoshua Tilton - Senior VPMichael Turrin - Managing DirectorSaket Kalia - Managing DirectorSimon Mays-Smith - VP of Investor RelationsConference Call ParticipantsAdam Bewick - Equity AnalystJoe Vru ...

在业绩指引方面，NetAPP同步上调了全年营收预期。公司目前预计2026财年全年净营收将落在67.7亿 至69.2亿美元区间，而此前公司给出的指引为66.3亿至68.8亿美元，上下限均有所抬升。对于即将到来 的第四财季，NetAPP预计净营收在18.0亿至19.5亿美元之间，指引区间的下限与华尔街18亿美元的预期 基本持平，上限则明显高出。 NetAPP是全球领先的混合云数据服务与数据管理企业，总部位于美国加利福尼亚州圣何塞，为企业客 户提供涵盖本地、私有云及公有云环境的统一数据存储解决方案。近年来，随着企业对数据基础设施的 投入持续增长，尤其是人工智能工作负载对高性能存储的需求不断攀升，数据管理赛道的关注度显著提 高。 值得注意的是，在同一时段发布财报的多家美国科技公司同样交出了超预期的成绩单。设计软件巨头 Autodesk第四财季净营收达到19.6亿美元，高于此前19.2亿美元的预期，并预计2027财年营收为81亿至 81.7亿美元，同样超出预期。AI云计算基础设施公司CoreWeave第四财季营收15.7亿美元，也略高于15.5 亿美元的预期水平。多家科技企业在本轮财报季中集体表现稳健，反映出当前企业级 ...