Autodesk late Thursday topped consensus estimates for its fiscal first quarter and guided above views for the current period. Autodesk stock jumped in extended trading.
The maker of computer-aided design software earned an adjusted $2.29 a share on sales of $1.63 billion in the quarter ended April 30. Analysts polled by FactSet had expected earnings of $2.15 a share on sales of $1.61 billion. On a year-over-year basis, Autodesk earnings rose 22% while sales increased 15%.
For the current quarter ending July 31, Autodesk predicted adjusted earnings of $2.46 a share on sales of $1.73 billion. That's based on the midpoint of its guidance. Analysts had been looking for earnings of $2.34 a share on sales of $1.7 billion in the fiscal second quarter. In the year-earlier period, Autodesk earned an adjusted $2.15 a share on sales of $1.51 billion.
The San Francisco-based company is a leading provider of design software for the architecture, engineering, construction, manufacturing and media industries.
"Against an uncertain geopolitical, macroeconomic, and policy backdrop, our strong performance in the first quarter of fiscal '26 set us up well for the year," Chief Executive Andrew Anagnost said in a news release.
The company is focused on its strategic priorities in cloud, platform and artificial intelligence, he said.
Autodesk Stock Near Buy Point
For the full fiscal year ending Jan. 31, Autodesk forecast adjusted earnings of $9.62 a share on sales of $7.24 billion, based on the midpoint of its outlook. Analysts were modeling earnings of $9.52 a share on sales of $6.93 billion. In its fiscal 2025, Autodesk earned an adjusted $8.47 a share on sales of $6.13 billion.
"Our guidance for Q2 and the rest of the year now includes currency movements since February partly offset by additional caution in our growth assumptions to reflect greater macroeconomic uncertainty," Chief Financial Officer Janesh Moorjani said in a statement.
In after-hours trading on the stock market today, Autodesk stock climbed more than 2% to 302.20. During the regular session Thursday, Autodesk stock advanced 0.7% to close at 295.
Autodesk stock has been consolidating for the past 26 weeks at a buy point of 326.62, according to IBD MarketSurge charts. However, the stock has formed a handle, which offers a lower buy point at 298.83, based on IBD analysis.
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