Analyst Consensus ?
ConsensusBuy51 ratings
Bullish3874.5%
Neutral917.7%
Bearish47.8%
Autodesk, Inc. · ADSK · FY2025 Q4 · Calendar Q1 2025
Autodesk shifts focus to cloud, AI and margin expansion
Autodesk’s FY2025 results and raised FY2026 outlook support a constructive operating thesis centered on cloud, industry-cloud and AI adoption, but the case depends on sustaining margin expansion, improving sales efficiency and converting the new transaction model into durable growth.
Reported After market closeNASDAQTechnology
$49.63B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.13
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.63B
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.9%
Event window
SPY move
+1.6%
Same window
Abnormal move
-4.4%
Stock minus SPY
Volume
3.4×
Versus trailing sessions
Subsequent drift
-4.6%
Up to 20 sessions
ADSKSPY benchmark
Ask FN2 about ADSK FY2025 Q4
Transcript, numbers and history already loaded
What drove ADSK's -2.9% move after FY2025 Q4 earnings?What changed in ADSK's guidance and outlook in FY2025 Q4?Give me the bull and bear case for ADSK after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The emphasis shifted toward go-to-market optimization and resource reallocation around cloud, industry clouds and AI. Management also highlighted AutoConstrain adoption, further generative-AI releases, continued construction and manufacturing momentum, and a larger FY2026 share-repurchase program.
Guidance delta
Management raised FY2026 guidance, targeting 8–9% revenue growth, 21–22% GAAP margins, 39–40% non-GAAP margins, strong free cash flow and a larger share-repurchase program.
Key takeaways
- FY2025 results exceeded the high end of guidance on revenue and billings, with margins above expectations.
- Go-to-market optimization and resource reallocation are intended to improve sales efficiency and expand margins.
- Cloud, industry clouds and AI remain the primary growth engines, with new AI features gaining traction.
- Construction and manufacturing momentum, including Fusion and Autodesk Construction Cloud, remained central to the strategy.
- The new transaction model generated $46 million of revenue and $155 million of billings in Q4.
Management priorities
- Accelerate the Construction Cloud and Forma Cloud road maps.
- Release additional generative-AI features across the product portfolio.
- Scale self-service capabilities and tighten channel-partner integration.
- Provide more detail on margin expansion at the Investor Day in Q3.
- Maintain an opportunistic M&A stance that complements the platform strategy.
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Miss
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Analyst 52W Price Targets
$233.6Previous close
$215Low
$319.37Average
$440High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Overweight | Overweight | Maintain | Sep 28, 2026 |
| Guggenheim | Buy | Buy | Maintain | Sep 21, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 18, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 17, 2026 |
| Argus Research | Buy | Buy | Maintain | Sep 2, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Aug 31, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 31, 2026 |
| UBS | Buy | Buy | Maintain | Aug 28, 2026 |
| Macquarie | Outperform | Outperform | Maintain | Aug 28, 2026 |
| BNP Paribas | Outperform | Outperform | Maintain | Aug 28, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 28, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 21, 2026 |
| Goldman Sachs | Neutral | Sell | Upgrade | Aug 11, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 27, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | May 29, 2026 |
| DA Davidson | Buy | Buy | Maintain | May 29, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 26, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 21, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 13, 2026 |
| Stifel | Buy | Buy | Maintain | Feb 23, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Feb 2, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Nov 26, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Nov 26, 2025 |
| HSBC | Buy | Hold | Upgrade | Oct 1, 2025 |
| Mizuho | Outperform | Outperform | Maintain | Aug 29, 2025 |
| Berenberg | Buy | Hold | Upgrade | Jun 27, 2025 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Mar 17, 2025 |
| OTR Global | Mixed | Positive | Downgrade | May 8, 2023 |
| William Blair | Outperform | Outperform | Maintain | Apr 17, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 27, 2023 |
| MoffettNathanson | Sell | Sell | Maintain | Sep 22, 2022 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 17, 2022 |
| Canaccord Genuity | Buy | Buy | Maintain | May 28, 2021 |
| Wedbush | Neutral | Neutral | Maintain | May 28, 2020 |
| Bernstein | Underperform | Market Perform | Downgrade | May 1, 2020 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Apr 23, 2020 |
| Citi | Buy | Buy | Maintain | Aug 28, 2019 |
| Bank of America | Underperform | Neutral | Downgrade | Aug 28, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Dec 19, 2018 |
| Argus | Buy | Hold | Upgrade | Nov 23, 2018 |
| B. Riley FBR | Buy | Neutral | Upgrade | May 5, 2018 |
| Cowen & Co. | Outperform | Outperform | Maintain | Aug 25, 2017 |
| Evercore ISI Group | Buy | Buy | Maintain | Sep 15, 2016 |
| Mitsubishi UFJ | Underweight | Equal Weight | Downgrade | Aug 29, 2016 |
| Pacific Crest | Outperform | Outperform | Maintain | Feb 27, 2015 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Jan 9, 2014 |
| B. Riley Securities | Buy | Neutral | Upgrade | Aug 23, 2013 |
| B. Riley | Buy | Buy | Maintain | Aug 23, 2013 |
| Jefferies | Buy | Buy | Maintain | Mar 19, 2013 |
| Bank oferica | Neutral | Neutral | Maintain | May 18, 2012 |
| Longbow Research | Neutral | Buy | Downgrade | May 2, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $233.6. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | Billy Fitzsimmons | $300 | $209.4 | +28.4% | Sep 28, 2026 |
| Goldman Sachs | Matthew Martino | $265 | $220.31 | +13.4% | Sep 17, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $215 | $228.93 | -8.0% | Sep 14, 2026 |
| Berenberg Bank | Nay Soe Naing | $333 | $258.53 | +42.6% | Sep 1, 2026 |
| Rosenblatt Securities | Blair Abernethy | $330 | $260.66 | +41.3% | Aug 31, 2026 |
| D.A. Davidson | Clark Wright | $325 | $259.21 | +39.1% | Aug 28, 2026 |
| BMO Capital | Analyst unavailable | $283 | $254.41 | +21.1% | Aug 28, 2026 |
| Piper Sandler | Analyst unavailable | $338 | $270.58 | +44.7% | Aug 28, 2026 |
| Guggenheim | Analyst unavailable | $283 | $270.58 | +21.1% | Aug 28, 2026 |
| UBS | Taylor McGinnis | $325 | $270.58 | +39.1% | Aug 28, 2026 |
| Robert W. Baird | Analyst unavailable | $325 | $251.02 | +39.1% | Aug 21, 2026 |
| New Street | Analyst unavailable | $277 | $251.29 | +18.6% | Aug 20, 2026 |
| Guggenheim | Tamjid Chowdhury | $277 | $251.29 | +18.6% | Aug 20, 2026 |
| Goldman Sachs | Matthew Martino | $260 | $256.07 | +11.3% | Aug 11, 2026 |
| BNP Paribas | Andrew DeGasperi | $295 | $193.07 | +26.3% | Jun 18, 2026 |
| BMO Capital | Analyst unavailable | $262 | $224.74 | +12.2% | May 29, 2026 |
| Piper Sandler | Analyst unavailable | $369 | $240.95 | +58.0% | May 29, 2026 |
| RBC Capital | Matthew Hedberg | $305 | $240.95 | +30.6% | May 29, 2026 |
| Morgan Stanley | Analyst unavailable | $315 | $240.99 | +34.8% | May 26, 2026 |
| KeyBanc | Analyst unavailable | $341 | $243.63 | +46.0% | May 21, 2026 |
| Jefferies | Analyst unavailable | $300 | $228.59 | +28.4% | Apr 15, 2026 |
| BMO Capital | Daniel Jester | $279 | $245.87 | +19.4% | Mar 2, 2026 |
| Oppenheimer | Ken Wong | $325 | $218.64 | +39.1% | Feb 24, 2026 |
| Morgan Stanley | Analyst unavailable | $350 | $226.98 | +49.8% | Feb 23, 2026 |
| UBS | Taylor McGinnis | $290 | $226.98 | +24.1% | Feb 23, 2026 |
| Barclays | Saket Kalia | $300 | $229.1 | +28.4% | Feb 20, 2026 |
| RBC Capital | Matthew Hedberg | $340 | $243.58 | +45.5% | Feb 11, 2026 |
| Redburn Partners | Analyst unavailable | $375 | $276.58 | +60.5% | Jan 9, 2026 |
| BTIG | Analyst unavailable | $365 | $293.98 | +56.3% | Dec 16, 2025 |
| Robert W. Baird | Analyst unavailable | $377 | $294.43 | +61.4% | Nov 26, 2025 |
| BMO Capital | Analyst unavailable | $343 | $294.43 | +46.8% | Nov 26, 2025 |
| UBS | Analyst unavailable | $400 | $294.43 | +71.2% | Nov 26, 2025 |
| Wells Fargo | Michael Turrin | $380 | $294.43 | +62.7% | Nov 26, 2025 |
| Barclays | Saket Kalia | $390 | $296.81 | +67.0% | Nov 26, 2025 |
| Deutsche Bank | Bhavin Shah | $375 | $294.43 | +60.5% | Nov 26, 2025 |
| Robert W. Baird | Joe Vruwink | $367 | $292.23 | +57.1% | Nov 18, 2025 |
| HSBC | Stephen Bersey | $343 | $317.67 | +46.8% | Oct 1, 2025 |
| Berenberg Bank | Nay Soe Naing | $370 | $314.7 | +58.4% | Sep 1, 2025 |
| Macquarie | Analyst unavailable | $380 | $314.7 | +62.7% | Aug 29, 2025 |
| RBC Capital | Analyst unavailable | $380 | $314.7 | +62.7% | Aug 29, 2025 |
| Robert W. Baird | Joe Vruwink | $363 | $312.82 | +55.4% | Aug 29, 2025 |
| Oppenheimer | Analyst unavailable | $375 | $314.7 | +60.5% | Aug 29, 2025 |
| Mizuho Securities | Analyst unavailable | $375 | $288.49 | +60.5% | Aug 29, 2025 |
| Stifel Nicolaus | Adam Borg | $375 | $288.49 | +60.5% | Aug 29, 2025 |
| KeyBanc | Analyst unavailable | $365 | $314.7 | +56.3% | Aug 29, 2025 |
| Piper Sandler | Analyst unavailable | $373 | $288.49 | +59.7% | Aug 29, 2025 |
| UBS | Analyst unavailable | $385 | $314.7 | +64.8% | Aug 29, 2025 |
| Wells Fargo | Analyst unavailable | $375 | $288.49 | +60.5% | Aug 29, 2025 |
| Barclays | Analyst unavailable | $385 | $288.49 | +64.8% | Aug 29, 2025 |
| BMO Capital | Daniel Jester | $333 | $295.35 | +42.6% | May 23, 2025 |
| D.A. Davidson | William Jellison | $305 | $295.35 | +30.6% | May 23, 2025 |
| Robert W. Baird | Joe Vruwink | $335 | $298.08 | +43.4% | May 16, 2025 |
| Robert W. Baird | Analyst unavailable | $336 | $274.21 | +43.8% | Feb 28, 2025 |
| UBS | Analyst unavailable | $370 | $274.21 | +58.4% | Feb 28, 2025 |
| D.A. Davidson | Analyst unavailable | $285 | $274.21 | +22.0% | Feb 28, 2025 |
| Morgan Stanley | Analyst unavailable | $385 | $274.21 | +64.8% | Feb 28, 2025 |
| Barclays | Analyst unavailable | $365 | $274.21 | +56.3% | Feb 28, 2025 |
| Piper Sandler | Clarke Jeffries | $357 | $290.82 | +52.8% | Jan 8, 2025 |
| Stifel Nicolaus | Adam Borg | $360 | $292.83 | +54.1% | Dec 18, 2024 |
| UBS | Taylor McGinnis | $350 | $291.9 | +49.8% | Dec 2, 2024 |
| HSBC | Stephen Bersey | $290 | $291.98 | +24.1% | Nov 29, 2024 |
| BMO Capital | Daniel Jester | $308 | $291.98 | +31.8% | Nov 27, 2024 |
| Piper Sandler | Clarke Jeffries | $311 | $291.98 | +33.1% | Nov 27, 2024 |
| Rosenblatt Securities | Blair Abernethy | $325 | $291.98 | +39.1% | Nov 27, 2024 |
| Robert W. Baird | Joe Vruwink | $330 | $297.78 | +41.3% | Nov 18, 2024 |
| BMO Capital | Daniel Jester | $287 | $292.44 | +22.9% | Oct 21, 2024 |
| Mizuho Securities | Matthew Broome | $260 | $290.57 | +11.3% | Oct 18, 2024 |
| Citigroup | Tyler Radke | $325 | $290.57 | +39.1% | Oct 18, 2024 |
| Bank of America Securities | Michael Funk | $325 | $291.46 | +39.1% | Oct 17, 2024 |
| Wells Fargo | Michael Turrin | $340 | $286.48 | +45.5% | Oct 16, 2024 |
| D.A. Davidson | William Jellison | $260 | $273.36 | +11.3% | Sep 26, 2024 |
| Robert W. Baird | Joe Vruwink | $305 | $258.38 | +30.6% | Sep 12, 2024 |
| KeyBanc | Jason Celino | $325 | $251.77 | +39.1% | Sep 5, 2024 |
| HSBC | Stephen Bersey | $299 | $262.88 | +28.0% | Sep 3, 2024 |
| Goldman Sachs | Kash Rangan | $295 | $262.96 | +26.3% | Sep 3, 2024 |
| Piper Sandler | Clarke Jeffries | $257 | $266.01 | +10.0% | Aug 30, 2024 |
| Citigroup | Tyler Radke | $316 | $255.26 | +35.3% | Aug 26, 2024 |
| Morgan Stanley | Elizabeth Porter | $305 | $249.91 | +30.6% | Aug 23, 2024 |
| Argus Research | Joseph Bonner | $300 | $243.51 | +28.4% | Jun 20, 2024 |
| CFRA | Janice Quek | $235 | $222.12 | +0.6% | Jun 12, 2024 |
| BMO Capital | Daniel Jester | $254 | $211.5 | +8.7% | Jun 12, 2024 |
| Goldman Sachs | Kash Rangan | $225 | $211.5 | -3.7% | Jun 12, 2024 |
| Deutsche Bank | Bhavin Shah | $245 | $211.5 | +4.9% | Jun 12, 2024 |
| Mizuho Securities | Matthew Broome | $230 | $210.82 | -1.5% | Jun 4, 2024 |
| BMO Capital | Daniel Jester | $293 | $215.4 | +25.4% | Jun 3, 2024 |
| Piper Sandler | Clarke Jeffries | $239 | $201.6 | +2.3% | Jun 3, 2024 |
| RBC Capital | Matthew Hedberg | $260 | $201.6 | +11.3% | Jun 3, 2024 |
| Robert W. Baird | Joe Vruwink | $289 | $210.45 | +23.7% | May 29, 2024 |
| Oppenheimer | Ken Wong | $275 | $218.04 | +17.7% | May 23, 2024 |
| KeyBanc | Jason Celino | $305 | $221.21 | +30.6% | May 20, 2024 |
| Berenberg Bank | Nay Soe Naing | $295 | $212.85 | +26.3% | May 1, 2024 |
| Oppenheimer | Ken Wong | $315 | $217.13 | +34.8% | Apr 22, 2024 |
| Rosenblatt Securities | Blair Abernethy | $290 | $248.71 | +24.1% | Apr 3, 2024 |
| KeyBanc | Jason Celino | $320 | $263.89 | +37.0% | Mar 1, 2024 |
| Mizuho Securities | Matthew Broome | $200 | $202.66 | -14.4% | Nov 22, 2023 |
| Loop Capital Markets | Daniel Jester | $224 | $195.24 | -4.1% | May 24, 2023 |
| Oppenheimer | Ken Wong | $220 | $202.08 | -5.8% | Mar 23, 2023 |
| Piper Sandler | Clarke Jeffries | $244 | $193.48 | +4.5% | Feb 24, 2023 |
| Berenberg Bank | Analyst unavailable | $230 | $193.43 | -1.5% | Jan 11, 2023 |
| Piper Sandler | Analyst unavailable | $236 | $196.63 | +1.0% | Dec 9, 2022 |
| Piper Sandler | Clarke Jeffries | $242 | $197 | +3.6% | Nov 23, 2022 |
| Citigroup | Analyst unavailable | $230 | $198.7 | -1.5% | Nov 23, 2022 |
| Rosenblatt Securities | Analyst unavailable | $235 | $191.33 | +0.6% | Nov 23, 2022 |
| Credit Suisse | Analyst unavailable | $325 | $190.19 | +39.1% | Nov 23, 2022 |
| Barclays | Analyst unavailable | $225 | $208.9 | -3.7% | Nov 23, 2022 |
| Citigroup | Analyst unavailable | $256 | $214.68 | +9.6% | Nov 18, 2022 |
| KeyBanc | Jason Celino | $250 | $229.57 | +7.0% | Aug 17, 2022 |
| Rosenblatt Securities | Blair Abernethy | $285 | $210.26 | +22.0% | May 27, 2022 |
| Mizuho Securities | Matthew Broome | $250 | $194.79 | +7.0% | May 20, 2022 |
| Credit Suisse | Phil Winslow | $355 | $195.64 | +52.0% | May 17, 2022 |
| RBC Capital | Matthew Hedberg | $300 | $219.62 | +28.4% | Feb 26, 2022 |
| Stifel Nicolaus | Adam Borg | $285 | $219.62 | +22.0% | Feb 25, 2022 |
| RBC Capital | Matthew Hedberg | $295 | $219.62 | +26.3% | Feb 25, 2022 |
| Deutsche Bank | Bhavin Shah | $275 | $219.62 | +17.7% | Feb 25, 2022 |
| Mizuho Securities | Matthew Broome | $285 | $219.62 | +22.0% | Feb 25, 2022 |
| Robert W. Baird | Joseph Vruwink | $290 | $218.18 | +24.1% | Feb 24, 2022 |
| Morgan Stanley | Keith Weiss | $277 | $209.02 | +18.6% | Feb 23, 2022 |
| Citigroup | Tyler Radke | $305 | $216.84 | +30.6% | Feb 21, 2022 |
| KeyBanc | Jason Celino | $300 | $233.38 | +28.4% | Feb 15, 2022 |
| Credit Suisse | Philip Winslow | $440 | $256.9 | +88.4% | Nov 24, 2021 |
| Berenberg Bank | Gal Munda | $400 | $330.55 | +71.2% | Nov 17, 2021 |
| Canaccord Genuity | David Hynes | $295 | $310.19 | +26.3% | Aug 26, 2021 |
Track every rating change on ADSK the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAutodesk, Inc. delivers advanced software and services for 3D design, engineering, and entertainment to a global clientele. Their diverse product line includes AutoCAD Civil 3D, a comprehensive solution for civil engineering tasks such as land development, transportation infrastructure, and environmental projects. For construction project management, they offer BIM 360, a cloud-based platform. Core design and drafting needs are met by AutoCAD and its specialized counterpart, AutoCAD LT. The company also provides CAM software, essential for computer numeric control (CNC) machining, inspection, and manufacturing modeling, alongside Fusion 360, an integrated platform for 3D CAD, CAM, and computer-aided engineering.…
Historical context
All ADSK earningsTechnology peers this season
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| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-13T00:00:14.471520+00:00
- Polygon adjusted daily market bars · 2026-10-09T06:30:43.532898+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T06:30:43.530302+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.