Company Overview - Autodesk, Inc. (ADSK) has a market cap of $69.3 billion and is a global leader in 3D design, engineering, and entertainment software, serving various industries including architecture, construction, manufacturing, and digital media [1] - The company's product portfolio includes popular solutions such as AutoCAD, Revit, Fusion, Maya, and BIM Collaborate Pro, which facilitate design, simulation, collaboration, and visualization [1][2] Stock Performance - Autodesk's shares have decreased by 1.6% from its 52-week high of $329.09, while the stock has increased by 8.8% over the past three months, underperforming the Technology Select Sector SPDR Fund (XLK), which rose by 12.6% during the same period [3] - Year-to-date, Autodesk's shares have risen by 9.5%, lagging behind XLK's return of 16.7%, and over the past 52 weeks, ADSK stock has increased by 25.7%, compared to XLK's nearly 29% gain [4] Financial Performance - In Q2 2026, Autodesk reported adjusted EPS of $2.62 and revenues of $1.76 billion, exceeding expectations, with notable growth in AECO revenues and robust subscription sales [5] - Billings grew by 36% to $1.68 billion, indicating broad-based momentum, and Autodesk raised its 2026 revenue guidance to a range of $7.03 billion to $7.08 billion, with adjusted EPS projected between $9.80 and $9.98 [5] Competitive Position - Compared to rival Salesforce, Inc. (CRM), which has seen a YTD decline of 25.7%, Autodesk's stock performance has been stronger [6] - Analysts maintain a bullish outlook on Autodesk, with a consensus rating of "Strong Buy" from 28 analysts and a mean price target of $362.74, representing a 12.6% premium to current levels [6]

Financial Performance - Q1 FY26 - Billings reached $1434 million, a 29% year-over-year increase[5] - Revenue totaled $1633 million, up 15% compared to the previous year[5] - Non-GAAP operating margin was 37%, a 3 percentage point increase year-over-year[5] - Free cash flow amounted to $556 million, a 14% increase from the prior year[5] Revenue Breakdown - Q1 FY26 - Design revenue was $1361 million, showing a 14% year-over-year increase[9] - Make revenue reached $179 million, a 23% increase compared to the previous year[9] - Americas revenue was $725 million, up 17% year-over-year[9] - EMEA revenue totaled $627 million, a 17% increase from the prior year[9] Outlook - FY26 - The company projects billings between $7160 million and $7310 million[11] - Revenue is expected to be in the range of $6925 million to $6995 million[11] - Non-GAAP operating margin is forecasted to be between 365% and 37%[11]

Core Insights - Autodesk is providing funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following the devastating fires in January 2025 [1][5] Group 1: Partnership and Community Support - Autodesk is partnering with The Foothill Catalog Foundation (TFCF) to create a catalog of modular, pre-approved home designs for fire survivors, which is expected to reduce architectural and permitting costs by up to 95% [7] - The plans developed by TFCF will significantly shorten permitting timelines from potentially a year to just a few weeks [7] Group 2: Technological Innovations - Autodesk is funding an AI-powered software tool to expedite the approval of building permits, enhancing recovery efforts from the LA fires in collaboration with Governor Gavin Newsom and other organizations [7] - TFCF is developing a standardized Revit template to ensure that each design meets pre-approval and sustainability requirements from the outset [4] Group 3: Design and Resilience Focus - The designs created will adhere to stringent climate resilience standards, including resistance to extreme heat, wildfires, and power outages, while maintaining the unique architectural character of the region [3] - Autodesk's Design and Make platform is utilized by AEC industry teams globally to reduce waste and lower environmental impacts, emphasizing long-term resilience and sustainability [5][6]