Core Insights - Autodesk, Inc. reported strong third-quarter results for fiscal 2026, with revenue increasing 18% year-over-year to $1.85 billion, exceeding estimates of $1.81 billion [1] - The company achieved adjusted earnings of $2.67 per share, surpassing expectations of $2.50 [2] - Autodesk raised its full-year guidance, forecasting revenue between $7.15 billion and $7.17 billion, and adjusted earnings per share between $10.18 and $10.25, above prior estimates [3] Financial Performance - Total billings grew 21%, slightly ahead of consensus, indicating strong demand in the Architecture, Engineering, and Construction (AEC) sector [4] - Operating margin improved to 38%, driven by cost discipline and higher revenue, while adjusted EPS of $2.67 beat both analyst and market expectations [5] - Free cash flow reached $430 million, with the company repurchasing 1.2 million shares, indicating strong cash generation [7] Business Segments - AEC revenue exceeded analyst forecasts, with solid growth in AutoCAD/LT and Manufacturing segments, while the Media & Entertainment segment remained soft [6] - The Fusion 360 platform is gaining traction with strong adoption of new AI features [6] Geographic Performance - The U.S. and Europe experienced double-digit growth in constant currency, while Asia showed mid-teens growth [8] - Direct sales now account for 66% of total revenue as the new transaction model is implemented globally [8] Analyst Perspectives - Analysts from Rosenblatt and RBC Capital Markets maintained positive ratings on Autodesk, with price targets raised to $375 and $380, respectively [9] - Analysts noted broad-based momentum across the business and highlighted the effectiveness of the transaction model in enhancing customer relationships and operational efficiency [10][12] Future Outlook - For the fourth quarter, Autodesk expects revenue between $1.90 billion and $1.92 billion, with adjusted EPS between $2.59 and $2.67 [3] - Analysts project fiscal 2027 revenue growth of 9%, below consensus expectations of 11%, but see potential upside in early guidance [14]

Group 1: Company Overview - Autodesk Inc. (NASDAQ: ADSK) is a leading software company known for its design and engineering software, widely used in architecture, engineering, and construction industries [1] - Autodesk's stock price increased by 1.58%, or $4.58, trading between $287.11 and $297.67 in premarket trading [4] - The company has a market capitalization of approximately $62.99 billion, with a high of $329.09 and a low of $232.67 over the past year [4] Group 2: Market Context - The broader market context is favorable for Autodesk, with U.S. stock futures on an upward trend during a holiday-shortened week [2] - There is an 84.9% probability of a rate reduction in December, which could benefit companies like Autodesk by reducing borrowing costs and encouraging investment [3] - Major indices showed gains, indicating strong investor interest, with Autodesk's trading volume on the NASDAQ reaching 2,327,384 shares [5] Group 3: Analyst Outlook - UBS set a price target of $400 for Autodesk, suggesting a potential upside of 35.86% from its current trading price of $294.43 [1][6] - The positive momentum in the broader market and anticipation of a December interest rate cut could benefit Autodesk [6]

Core Insights - Autodesk Inc's stock increased by 4.7% to $308.35 following better-than-expected Q3 results, reporting earnings of $2.67 per share on revenue of $1.85 billion, driven by demand for cloud subscriptions and AI design tools [1] Group 1: Stock Performance - The stock reached a high of $320, the highest level since early October, and remains in positive territory for the year despite paring some gains [2] - Options trading activity surged, with 6,350 calls and 3,673 puts exchanged, indicating seven times the average daily options volume [2] Group 2: Market Sentiment - Autodesk's put/call open interest ratio (SOIR) of 1.44 is in the 95th percentile of its annual range, indicating unusually high bearish sentiment in the options market [3] - A premium-selling strategy may be advisable, as Autodesk's Volatility Scorecard (SVS) is at 10 out of 100, suggesting the stock has experienced lower volatility than what options pricing indicates [3]

Group 1 - Top Wall Street analysts have revised their outlook on several prominent companies, indicating a shift in market sentiment [1] - The article suggests that investors should consider buying ADSK stock based on analysts' recommendations [1]

Core Insights - Autodesk (ADSK) reported strong third-quarter fiscal 2026 results with non-GAAP earnings of $2.67 per share, exceeding the Zacks Consensus Estimate by 7.23% and reflecting a 23% year-over-year increase [1] - The company achieved revenues of $1.85 billion, surpassing the consensus mark by 2.67% and growing 18% year over year [1] Performance Highlights - Autodesk's robust performance was driven by exceptional AECO performance, higher-than-expected upfront revenues, sustained momentum in the Autodesk Store, and better-than-anticipated billings linearity [2] - Subscription revenues, which constitute 93.6% of total revenues, rose 19% year over year to $1.73 billion, while maintenance revenues declined 11.1% to $8 million [3] - Other revenues increased 6.7% to $111 million [3] Regional Revenue Breakdown - Revenues from the Americas, accounting for 44.3% of total revenues, increased 16.3% year over year to $820 million [4] - EMEA revenues, representing 38.6% of total revenues, climbed 23.3% to $715 million [4] - Asia-Pacific revenues, making up 17.2% of total revenues, increased 11.6% to $318 million [4] - Total billings reached $1.86 billion, marking a 21% year-over-year increase [4] Product Line Performance - AECO revenues, which account for 49.7% of total revenues, increased 22.6% year over year to $921 million [5] - AutoCAD and AutoCAD LT revenues rose 15.1% to $458 million, while Manufacturing revenues increased 15.6% to $355 million [5] - Media and Entertainment revenues grew 3.6% to $86 million [5] Operating Results - Non-GAAP operating expenses rose 16.2% year over year to $1.03 billion, with a non-GAAP operating margin of 37.7%, expanding 120 basis points year over year [6] Financial Position - As of October 31, 2025, Autodesk had cash and cash equivalents of $2.29 billion, up from $2.24 billion as of July 31, 2025 [7] - Deferred revenues increased 5% to $3.85 billion, with unbilled deferred revenues at $3.52 billion [7] - Cash flow from operating activities was $439 million, representing a 110% increase year over year, while free cash flow was $430 million, indicating a rise of 116% [8] Guidance - For Q4 fiscal 2026, Autodesk projects revenues between $1.90 billion and $1.92 billion, with non-GAAP earnings per share expected between $2.59 and $2.67 [9] - For the full fiscal 2026, revenues are anticipated to be between $7.15 billion and $7.17 billion, with billings estimated in the range of $7.47 billion to $7.53 billion [9] - Non-GAAP earnings are expected to be in the range of $10.18 to $10.25 per share, with an anticipated non-GAAP operating margin of approximately 37.5% [10] - Free cash flow is projected to be between $2.26 billion and $2.29 billion [10]

Core Insights - Autodesk has shown strong performance post-earnings with a 23% growth in earnings, reporting $267 per share against estimates of $250, and an 18% increase in sales to $1.85 billion, surpassing the $1.8 billion estimate [2][3] - The company raised its fiscal year guidance, increasing EPS estimates by approximately 3% to a range of $10.25, up from previous estimates of $9 to $9.95, and sales estimates to $7.15 billion from $7.07 billion [3] - Workday, in contrast, has seen its stock decline despite reporting a 12.5% increase in sales to $2.43 billion, exceeding estimates of $2.41 billion, and a 23% year-over-year increase in earnings to $2.32 [5][6] - Analysts are cautious about Workday due to a slowdown in organic subscription growth, which increased only 14.7% compared to 14.9% in the previous quarter, leading to lowered price targets from some analysts [7][8] Company Performance - Autodesk's transition from a transaction-based model to a subscription-based model has been successful, contributing to its strong topline and bottom line performance [3] - Workday's earnings growth has outpaced revenue growth, but concerns about organic growth have led to a more cautious outlook from analysts [6][7] Market Context - Jobless claims are at seven-month lows, and JP Morgan is projecting a positive outlook for 2026, indicating a cautiously optimistic market sentiment [8][9]

Autodesk Inc (NASDAQ:ADSK) reported better-than-expected third-quarter financial results for fiscal 2026 Tuesday after the bell.Autodesk said third-quarter revenue increased 18% year-over-year to $1.85 billion, beating analyst estimates of $1.81 billion. The software company reported third-quarter adjusted earnings of $2.67 per share, beating estimates of $2.50 per share, according to Benzinga Pro."We're defining the AI revolution for design and make, empowering customers with new task, workflow and system ...

Company Overview - Proactive is a provider of fast, accessible, informative, and actionable business and finance news content aimed at a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain quality and best practices in content production [5]

Market Overview - U.S. stock futures rose on Wednesday following Tuesday's gains, with major benchmark indices showing positive movement [1] - The three-day winning streak occurs in a holiday-shortened week, with markets closed on Thursday and open until 1:00 p.m. ET on Friday [1] - Traders are pricing in an 84.9% likelihood of a Federal Reserve interest rate cut in December, influenced by dovish central bank guidance [2] Stock Performance - Dell Technologies Inc. (NYSE:DELL) increased by 4.94% after reporting mixed Q3 results and raising its full-year revenue outlook to $111.2 billion to $112.2 billion, up from $105 billion to $109 billion [7] - HP Inc. (NYSE:HPQ) fell by 5.67% despite better-than-expected Q4 earnings, due to announced layoffs and weak forward guidance [7] - Autodesk Inc. (NASDAQ:ADSK) rose by 7% after beating Q3 earnings and revenue expectations, guiding for full-year revenue of $7.15 billion to $7.17 billion and adjusted earnings of $10.18 to $10.25 per share [7] - Zscaler Inc. (NASDAQ:ZS) dropped 7.15% despite beating analyst estimates and raising its fiscal 2026 outlook [14] - Uber Technologies Inc. (NYSE:UBER) was up 0.73% after launching Level 4 fully driverless Robotaxi operations in Abu Dhabi [14] Sector Performance - Communication services, health care, and consumer discretionary sectors recorded the largest gains on Tuesday, contributing to the positive performance of the S&P 500 [9] - The Nasdaq Composite rose by 0.67%, S&P 500 by 0.91%, Dow Jones by 1.43%, and Russell 2000 by 2.14% [10] Economic Indicators - Initial jobless claims data for the week ending Nov. 22 and September's durable-goods orders data will be released on Wednesday [15]

Market Overview - U.S. markets closed higher, with the Nasdaq up 0.67% to 23,025.59, S&P 500 advancing 0.9% to 6,765.88, and Dow Jones Industrial Average climbing 1.43% to 47,112.45 [1] Dell Technologies - Dell reported third-quarter revenue of $27.01 billion, slightly below estimates, while adjusted earnings rose to $2.59 per share, beating expectations [2] - Revenue grew 11% year-over-year, driven by a 37% increase in servers and networking to $10.1 billion, while storage and consumer segments declined [2] - The company highlighted record AI server orders of $12.3 billion for the quarter and raised its fourth-quarter revenue outlook to up to $32 billion, with full-year revenue projected at $111.2–$112.2 billion [3] Kohl's - Kohl's appointed interim chief Michael Bender as permanent CEO, marking its third leadership change in three years [4] - The company reported third-quarter net sales of $3.4 billion, down 2.8% year-over-year, with comparable sales falling 1.7% and EPS at $0.07 [5] - Kohl's raised its full-year outlook, noting a stronger cash flow of $124 million and a 5% reduction in inventory [5] Zscaler - Zscaler's stock rose 3.35% to $289.73, but dipped 7.99% to $267 in after-hours trading [6] - The company beat first-quarter expectations with revenue of $788.1 million and EPS of 96 cents, while deferred revenue rose 32% to $2.35 billion [6] Workday - Workday's stock increased by 3.11% to $233.69, but slipped nearly 6.2% to $219.25 in after-hours trading [7] - The company beat third-quarter estimates with revenue of $2.43 billion and EPS of $2.32, supported by strong demand in its subscription business [8] - Subscription revenue rose 14.6% to $2.24 billion, and the 12-month backlog grew 17.6% to $8.21 billion [8] Autodesk - Autodesk shares climbed 1.58% to $294.43, jumping 6.14% to $312.50 in extended trading [9] - The company reported third-quarter revenue up 18% to $1.85 billion and adjusted EPS rising to $2.67, both ahead of expectations [9] - Autodesk lifted full-year earnings guidance to $10.18–$10.25 per share and projected fourth-quarter revenue of up to $1.92 billion [10]