2/26/2026

speaker
Operator
Operator

Thank you for standing by and welcome to Autodesk fourth quarter and full year fiscal 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. To remove yourself from the queue, you may press star 11 again. I would now like to hand the call over to Simon May Smith, Vice President, Investor Relations. Please go ahead.

speaker
Simon May Smith
Vice President, Investor Relations

Thanks, Operator, and good afternoon. Thank you for joining our conference call to discuss Autodesk Fiscal 26 fourth quarter and full year results. Andrew Anagnost, our CEO, and Janesh Mojani, our CFO, are on the line with me. During this call, we will make forward-looking statements, including outlook and the related assumptions on products, artificial intelligence, sales and marketing optimization, go-to-market, strategies, and trends. Actual events or results could differ materially. Please refer to our SEC filings, including our most recent Form 10-Q and the Form 8-K filed with today's press release for important risks and other factors that may cause our actual results to differ from those in our forward-looking statements. Forward looking statements made during the call are being made as of today. If this call is relayed or reviewed after today, the information presented during the call may not contain current or accurate information. Autodesk disclaims any obligation to update or revise any forward looking statements. We will quote several numeric or growth changes during the call as we discuss our financial performance. Unless otherwise noted, each such reference represents a year-on-year comparison. All non-GAAP numbers referenced in today's call are reconciled in our press release and supplemental materials available on our investor relations website. And now I will turn the call over to Andrew.

speaker
Andrew Anagnost
CEO

Thank you, Simon, and welcome everyone to the call. We delivered strong fiscal 26 results today with billings, revenue, non-gap operating margin, non-gap earnings per share, and free cash flow all above the high end of our guidance ranges. As demonstrated at Autodesk University and our Investor Day and reflected in our results today, we remain well positioned to deliver for Autodesk customers and investors. We have successfully executed one of the most far-reaching transformations in enterprise software, redefining our business model, evolving our go-to-market, reimagining our products, and scaling our platform. In January, we completed the final phase of our go-to-market optimization. While initiatives like this are difficult and complex, they are making Autodesk more resilient and unlocking new avenues for growth and margin expansion. We're also enhancing our portfolio with cloud-based platforms and capabilities that seamlessly connect design, make, and operate workflows. These platforms enable partners and customers to extend and customize our solutions, driving greater value creation and expanding our addressable market opportunity. And we're defining the AI revolution for our industries to empower customers with new tasks, workflow, and system automations, and capturing shared value through subscription, consumption, and outcome-based business models that blend human and machine capabilities. In the coming months, Autodesk will roll out powerful AI capabilities built on a combination of frontier models and our proprietary models that understand 3D design and make. Autodesk is building the future and the path to it for our customers. We have been preparing for and working towards the cloud and AI for more than a decade. It's why I believe our best days and greatest opportunities lie ahead. I will now turn the call over to Dinesh to discuss our quarterly financial performance and guidance. I'll then come back to update you on our strategic growth initiatives and why Autodesk is best placed to benefit from 3D agentic AI.

Disclaimer

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Investor presentation