Autodesk enters its August 27 fiscal Q2 2027 earnings report trading at roughly 20 times forward earnings, well below the $312.75 analyst consensus target, with Polymarket pricing a 91.5% probability of an earnings beat. Management guided fiscal 2027 non-GAAP EPS to $12.40 to $12.65 on revenue of $8.155 billion to $8.215 billion, implying a 39% non-GAAP operating margin and $2.725 billion to $2.8 billion in free cash flow. The company repurchased $448 million of stock in Q1 FY27 and $1.402 billion in FY26, and plans to apply about 50% of free cash flow to buybacks over time. Autodesk has posted five beats and zero misses in reported periods, with surprises ranging from 5.28% to 7.95%, while peer PTC saw revenue fall 6.8% and ANSYS trades at a 32 times forward PE on a smaller $2.58 billion trailing-twelve-month revenue base.
Autodesk IncTrading at 20x forward earnings with high beat probability and strong buyback program
PTC IncPeer PTC saw revenue fall 6.8%, indicating weak demand in the sector
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