Slide 1: Second quarter Fiscal 2027 earnings
Second quarter Fiscal 2027 earnings August 27, 2026
Slide 2: Safe harbor
Safe harbor This presentation contains forward looking statements about revenue, billings, free cash flow, operating margin, EPS, products, future performance, financial and otherwise, and strategy, including statements regarding our progress on our key priorities, business models, guidance for the
Slide 3: Q2 FY27 financial summary
Q2 FY27 financial summary (In millions, except percentages and per share amounts) Q2 FY27 YoY Change Billings $1,854 10% / 12% in CC(2) Revenue $2,046 16% / 14% in CC(2) GAAP operating margin 29% 4 ppt Non-GAAP operating margin(1) 41% 2 ppt GAAP EPS $2.33 $0.87 Non-GAAP EPS(1) $3.30 $0.68 Cash flow
Slide 4: Q2 FY27 other financial highlights
Q2 FY27 other financial highlights Net revenue by product type, geographic area, and product family (In millions, except percentages) Q2 FY27 YoY Change YoY Change in CC(1) Design $1,708 16% 14% Make $244 26% 24% Other $94 (3)% (4)% (In millions, except percentages) Q2 FY27 YoY Change YoY Change in
Slide 5: Q2 FY27 other financial highlights
Q2 FY27 other financial highlights (In millions, except percentages) Q2 FY27 YoY Change Deferred revenue $4,258 11% Unbilled deferred revenue $3,175 (8)%(1) Remaining performance obligations $7,433 2%(1) Current RPO $5,245 12%(1) Approximated the top end of the range of 100% NR3 to 110% in constant
Slide 6: Outlook (includes MaintainX)
Outlook (includes MaintainX) Q3 FY27 FY27 (In millions, except percentages and per share amounts) (ending October 31, 2026) (ending January 31, 2027) Billings $8,575 - $8,650 y/y growth 10% - 11% y/y growth in CC(3) 11% - 12% y/y growth in CC(3) and adj. for new transaction model 10% - 11% Revenue $
Slide 7: Non-GAAP FY27 model expectations
Non-GAAP FY27 model expectations INCOME STATEMENT BALANCE SHEET / CASH FLOW • MaintainX to contribute ~$60M to revenue and ~$70M to billings in the • Capital expenditures to be approximately $70 million. second half; both slightly weighted to Q4. FY28 will reflect a full-year impact. • Free cash flo
Slide 8: Appendix
Appendix 8
Slide 9: Simplifying the Story from Q3
Simplifying the Story from Q3 Reflecting Our Evolving Portfolio • No change to income statement revenue presentation • Minor changes to product family revenue presentation (see next slide) • Retiring Design/Make presentation to reflect our strategy of convergence • Will provide regular commentary on
Slide 10: Simplifying the Story from Q3
Simplifying the Story from Q3 Reflecting Our Evolving Portfolio Q2 FY27 Q3 FY27 PRODUCT FAMILY REVENUE CHANGES PRODUCT FAMILY REVENUE (-) Operations moved to “Other products” AECO AEC (+) Allocation from Other AutoCAD & AutoCAD LT (+) Allocation from Other AutoCAD & AutoCAD LT (-) Operations moved t
Slide 11: Reconciliation of GAAP financial measures to non-GAAP financial measures
Reconciliation of GAAP financial measures to non-GAAP financial measures (in millions, except per share data) To supplement our condensed consolidated financial statements presented on a GAAP basis, we provide investors with certain non-GAAP measures including non-GAAP operating margin, non-GAAP dil
Slide 12: GAAP to non-GAAP operating margin and diluted net income per share reconciliation
Appendix - GAAP to non-GAAP operating margin and diluted net income per share reconciliation Three Months Ended July 31, 2026 (Unaudited) GAAP operating margin 29% Stock-based compensation expense 9% Amortization of purchased intangibles and developed technologies 2% Acquisition-related costs 1% Non
Slide 13: Net cash provided by operating activities to free cash flow reconciliation
Appendix - net cash provided by operating activities to free cash flow reconciliation Three Months Ended July 31, 2026 (Unaudited) Net cash provided by operating activities $ 575 Capital expenditures (14) Free cash flow $ 561 13
Slide 14: Outlook GAAP to non-GAAP diluted earnings per share reconciliation
Appendix - Outlook GAAP to non-GAAP diluted earnings per share reconciliation Q3 FY27 GAAP to non-GAAP diluted earnings per share reconciliation (ending October 31, 2026) GAAP earnings per share $1.57 - $1.87 Stock-based compensation expense 0.95 - 0.93 Restructuring and facility-related asset impa
Slide 15: Outlook GAAP to non-GAAP operating margin reconciliation
Appendix - Outlook GAAP to non-GAAP operating margin reconciliation FY27 GAAP to non-GAAP operating margin reconciliation (ending January 31, 2027) GAAP operating margin 25% - 27% Stock-based compensation expense 9% Restructuring and facility-related asset impairments and other (gains) losses 1% -
Slide 16: Outlook GAAP to non-GAAP diluted earnings per share reconciliation
Appendix - Outlook GAAP to non-GAAP diluted earnings per share reconciliation FY27 GAAP to non-GAAP diluted earnings per share reconciliation (ending January 31, 2027) GAAP earnings per share $7.89 - $8.72 Stock-based compensation expense 3.56 - 3.46 Restructuring and facility-related asset impairm
Slide 17: Autodesk – Make Anything
72 AUTODESK Make Anything