Autodesk Guides Q3 Profit Below Estimates, Shares Slide 5%
ADSK sits 38% above its 52-week low of $185.5.
Summary
Autodesk guided third-quarter adjusted EPS to $3.04-$3.09, below the $3.14 consensus, sending shares down over 5% after hours. The company also raised its annual billings forecast to $8.58B-$8.65B, signaling steady demand despite the profit miss. Higher operating and financing costs tied to the $3.6B MaintainX acquisition are pressuring near-term profitability. This follows the earlier revenue guidance of $2.13B-$2.14B, which was above consensus, but the profit shortfall is the new negative catalyst. Investors are also weighing broader AI disruption fears across software stocks.
At the time of this announcement, ADSK was trading at $256.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $57.1B. The 52-week trading range was $185.50 to $329.09. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.