Autodesk reported strong Q2 results, beating revenue and EPS estimates, but its Q3 EPS guidance fell below consensus, leading to a share price decline. The company also narrowed its FY27 adjusted EPS guidance, with the midpoint now below prior consensus, despite raising FY27 revenue guidance.
Autodesk's shares are trading lower despite beating Q2 revenue and adjusted EPS estimates. The primary driver for the negative market reaction is the company's third-quarter adjusted EPS guidance, which came in below analyst consensus. Additionally, while Autodesk raised its fiscal-year 2027 revenue guidance, it narrowed its adjusted EPS guidance for the same period, with the new midpoint falling below the previous consensus estimate. This suggests that while top-line growth expectations are improving, profitability projections are either being tempered or are not growing as fast as analysts anticipated, leading to investor concern and a short-term negative impact on the stock.