Autodesk (ADSK) Reports Better-Than-Expected Earnings and Guidance Increase According to Baird

Autodesk Inc. (NASDAQ:ADSK) is one of the most profitable tech stocks to buy. On November 26, Baird raised the firm’s price target on Autodesk to $377 from $367 and maintained an Outperform rating on the shares. This sentiment was announced by the firm as Baird updated its estimates following the company’s beat and raise results.

Autodesk’s revenue for FQ3 2026 grew by 18% year-over-year to make $1.85 billion, with non-GAAP EPS of $2.67. Billings surged by 21% to $1.85 billion, and free cash flow saw an increase of 116% year-over-year, reaching $430 million. The company’s growth was particularly strong in its Architecture, Engineering, Construction, and Operations/AECO segment, which grew by 23% to $921 million.

Autodesk is now executing a broad transformation in enterprise software by enhancing its products with cloud-based platforms and AI capabilities. The Autodesk Construction Cloud is gaining traction, with significant customer migrations and increased project penetration. Similarly, the Fusion platform is showing strong growth, marked by increased extension attached rates and higher average sales prices. RPO also grew 20% year-over-year to $7.4 billion, providing strong revenue visibility. For the full fiscal year 2026, Autodesk projects revenue between $7.15 and $7.165 billion, billings between $7.465 and $7.525 billion, and non-GAAP EPS between $10.18 and $10.25.

Autodesk Inc. (NASDAQ:ADSK) provides 3D design, engineering, and entertainment technology solutions worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.