Fourth quarter Fiscal 2026 earnings February 26, 2026 Safe harbor This presentation contains forward looking statements about revenue, billings, free cash flow, operating margin, EPS, products, future performance, financial and otherwise, and strategy, including statements regarding our progress on our key priorities, business models, guidance for the first fiscal quarter and full fiscal year 2027, statements about our utilization and strategy regarding artificial intelligence, statements about our new tran ...

AUTODESK, INC. ANNOUNCES FISCAL 2026 FOURTH QUARTER AND FULL-YEAR RESULTS - Fourth quarter revenue grew 19 percent year-over-year as reported and on a constant currency basis, to $1.96 billion SAN FRANCISCO, FEBRUARY 26, 2026-- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the fourth quarter and full year of fiscal 2026. "Building agentic AI for the real world requires specialized data, context, and expertise. Scaling and monetizing it requires a platform and next-generation business mo ...

we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnythingAutodesk and others are registered trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or othe ...

分组1 - Autodesk is undergoing a sales and marketing restructuring that is expected to significantly impact its stockholders [1] - The restructuring initiative was officially announced in an 8-K filing released on January 22nd [1]

Market Overview - Major indexes opened lower, with technology stocks leading the decline due to ongoing fears that AI tools may replace industry-specific software [1][2] - Software stocks, including Meta Platforms, Nvidia, and Palantir, each dipped around 1%, while Salesforce fell 2% and Autodesk slid 3%, contributing to a year-to-date decline of 22% for the iShares Expanded Tech-Software ETF (IGV) [2] - The S&P 500 experienced its second consecutive losing week, with the Dow and S&P logging their fourth down week in the last five, and the Nasdaq extending its losing streak to five weeks, the longest since 2022 [2][3] Market Dynamics - Despite early losses, indexes managed to close slightly positive, aided by a softer tone regarding Iran and reduced trading activity due to the Lunar New Year in China and U.S. traders returning from a long weekend [3] - Software stocks continued to face pressure, while mega-cap stocks showed some resilience despite rising bond yields [4] - The dollar ended flat, gold prices fell below $5,000, and Bitcoin initially surged but retreated to around $68,000 [4] Trend Tracking Indexes (TTIs) - The domestic Trend Tracking Index (TTI) is currently at +8.06% above its moving average, with a "Buy" signal effective from May 20, 2025 [10] - The International TTI stands at +12.00% above its moving average, with a "Buy" signal effective from May 8, 2025 [10] - The TTIs have remained stable despite market fluctuations, only giving up a small fraction while staying in positive territory [9]

Core Viewpoint - US stock market experienced a slight increase, supported by gains in financial stocks, but overall gains were limited due to a decline in software stocks [1][10]. Group 1: Market Performance - The Dow Jones Industrial Average rose by 32.26 points, or 0.07%, closing at 49,533.19 points; the Nasdaq increased by 31.71 points, or 0.14%, to 22,578.38 points; and the S&P 500 gained 7.05 points, or 0.10%, ending at 6,843.22 points [3][12]. - Financial stocks such as Citigroup and JPMorgan saw increases, with Citigroup up 2.7% and JPMorgan up 1.7% [3][12]. - Software stocks faced significant declines, with ServiceNow down over 1% (31% year-to-date), Autodesk and Palo Alto Networks down approximately 2% (23% and 11% year-to-date respectively), and Salesforce and Oracle down about 3% (30% and 20% year-to-date respectively) [3][12]. Group 2: Investor Sentiment and Trends - Concerns over artificial intelligence potentially replacing specific software providers have negatively impacted the software industry [5][12]. - A recent Bank of America fund manager survey indicated that the level of stock accumulation has triggered a contrarian sell signal, with the stock overweight ratio reaching its highest level since December 2024 [6][13]. - The Bank of America Bull & Bear Indicator currently reads 8.2, signaling a "sell" recommendation, suggesting that high market optimism may indicate overvaluation of stocks [6][13]. Group 3: Economic Indicators and Future Outlook - The S&P 500 index and Dow Jones both experienced declines over the past week, with the S&P 500 down over 1% and the Nasdaq down over 2% [7][14]. - Concerns regarding AI disruption have overshadowed recent consumer price index (CPI) data, which was milder than expected [7][15]. - Investors are awaiting further information on inflation trends, with a personal consumption expenditures report due soon [7][15]. Group 4: Federal Reserve Insights - Federal Reserve officials are assessing the potential impact of AI on economic growth and productivity, which is crucial for achieving growth without increasing inflation [9][17]. - Fed officials suggest maintaining stable interest rates until more evidence of inflation moving towards the 2% target is observed [9][17].

Logistics Sector - Logistics stocks experienced significant declines due to AI-related fears, particularly after the introduction of a new tool called SemiCab from Algorhythm Holdings, which is marketed as a leading transportation platform [2][3] - C.H. Robinson and RXO saw their stock prices drop by as much as 20% on Thursday, with C.H. Robinson rebounding slightly by 0.7% in premarket trading, while RXO continued to decline by 1.5% [2] - Expeditors International of Washington fell over 16% on Thursday but was trading flat in premarket, while J.B. Hunt Transportation Services lost an additional 0.6% after a 9% drop the previous day [3] Real Estate Sector - The commercial real estate sector faced a continued sell-off, with CBRE among the hardest hit, extending its losses with a 0.6% decline in premarket trading [4] - Jones Lang LaSalle and Hudson Pacific Properties also saw marginal declines, while SL Green Realty rebounded slightly by 0.4% after a 5% drop on Thursday [4] Software Sector - Software stocks were affected by the broader market sell-off, with Palantir Technologies down 1.5% and Autodesk and Salesforce both down 0.1% in premarket trading [5] - The iShares Expanded Tech-Software Sector ETF (IGV) lost around 3% on Thursday and is down approximately 23% year-to-date, indicating a bear market [6] - Notably, all "Magnificent Seven" tech stocks ended Thursday in negative territory, with Tesla leading the losses at 0.8% [6] Analyst Insights - UBS strategists noted that the recent developments validate AI's monetization potential and emphasize its transformative nature, suggesting that investors should diversify across sectors and geographies rather than focusing solely on the U.S. information technology sector [7] - Dan Ives from Wedbush Securities acknowledged that while some software companies may struggle due to AI advancements, the entire sector should not be discounted, highlighting that companies like Salesforce and ServiceNow will remain integral to the AI revolution [9][10]

Core Viewpoint - Google is facing a lawsuit from Autodesk for allegedly infringing on its "Flow" trademark in the marketing of competing AI-enabled software for creating movies, TV shows, and video games [1] Group 1 - Autodesk claims that Google's use of the "Flow" trademark is misleading and could confuse consumers regarding the origin of the software [1] - The lawsuit highlights the increasing competition in the AI software market, particularly in the entertainment industry [1] - This legal action may have implications for Google's branding and marketing strategies in the AI sector [1]

Core Insights - The Software-as-a-Service (SaaS) sector has experienced a significant decline of 30% over the past 90 days, indicating ongoing challenges within the industry [1] Industry Summary - The SaaS sector is currently facing severe downturns, characterized by a substantial drop in market value [1]

Core Viewpoint - Autodesk (ADSK) has experienced a significant downtrend, with a stock decline of 17.9% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - ADSK's current RSI reading is 27.28, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound as it seeks to return to equilibrium [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts regarding an increase in earnings estimates for ADSK, with the consensus EPS estimate remaining unchanged over the last 30 days, which typically correlates with price appreciation [7]. - ADSK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8].