Core Insights - Autodesk reported strong second-quarter fiscal 2026 results with non-GAAP earnings of $2.62 per share, exceeding estimates by 7.38% and reflecting a 21.9% year-over-year increase [1][8] - Total revenues reached $1.76 billion, surpassing consensus by 2.17% and growing 17.1% year over year, driven by strength in AECO, enterprise agreements, and the Autodesk Store [1][2][8] Revenue Breakdown - Subscription revenues, which constitute 94% of total revenues, increased by 17.8% year over year to $1.66 billion [3] - Maintenance revenues declined by 18.2% to $9 million, while other revenues rose by 11.6% to $96 million [3] Regional Performance - Revenues from the Americas increased by 18.7% to $786 million, accounting for 44.6% of total revenues [4] - EMEA revenues climbed 18.4% to $675 million, representing 38.3% of total revenues [4] - Asia-Pacific revenues grew by 10.6% to $302 million, making up 17.1% of total revenues [4] Product Line Performance - AECO revenues, which account for 49.8% of total revenues, increased by 23.1% to $878 million [5] - AutoCAD and AutoCAD LT revenues rose by 13.1% to $440 million, representing 25% of total revenues [5] - Manufacturing revenues increased by 12.8% to $334 million, while Media and Entertainment revenues grew by 3.9% to $80 million [5] Operating Results - Non-GAAP operating expenses rose by 14.4% year over year to $959 million [6] - The non-GAAP operating margin contracted by 140 basis points to 38.6% [6] Balance Sheet and Cash Flow - As of July 31, 2025, Autodesk had cash and cash equivalents of $2.24 billion, up from $2.04 billion as of April 30, 2025 [7] - Deferred revenues increased by 4% to $3.84 billion, with unbilled deferred revenues rising by 59% year over year to $3.45 billion [7] Future Guidance - For Q3 fiscal 2026, Autodesk projects revenues between $1.80 billion and $1.81 billion, with non-GAAP earnings per share expected between $2.48 and $2.51 [10] - The company raised its fiscal 2026 revenue guidance to between $7.03 billion and $7.08 billion, up from the previous estimate of $5.99 billion to $6.09 billion [10] - Non-GAAP earnings per share guidance was also increased to a range of $9.80 to $9.98, compared to the prior range of $7.99 to $8.21 [11]