Summary
• Autodesk shares rose 7.5% in pre-market trading after reporting Q3 fiscal 2026 earnings of $1.85 billion, an 18% increase year-over-year.
• EPS of $2.67 exceeded analyst expectations of $2.50, indicating strong financial performance.
• Analysts maintain a positive outlook with multiple “Buy” ratings and price targets ranging from $355 to $370.
Autodesk, Inc. (ADSK) is experiencing notable momentum in pre-market trading, with shares currently priced at $316.50, marking a 7.5% increase from the last close of $294.43. This surge follows the announcement of the company’s fiscal 2026 third-quarter results, which showcased strong financial performance.
Earnings Spark Sharp Move
For the third quarter ended October 31, 2025, Autodesk reported revenue of $1.85 billion, reflecting an 18% increase year-over-year, both as reported and on a constant currency basis. The company’s president and CEO, Andrew Anagnost, emphasized the firm’s commitment to redefining design workflows through advancements in AI technology, aiming to enhance customer automation and subscription-based business models.
The reported earnings per share came in at $2.67, exceeding analysts’ expectations of $2.50, resulting in a surprise of nearly 7%. This performance highlights Autodesk’s ongoing growth strategy and market resilience amid evolving industry demands.
Analyst Insights and Ratings
Following the earnings report, analysts have maintained a favorable outlook on Autodesk. Rosenblatt has retained their “Buy” rating, with a price target of $355. Meanwhile, other firms, such as Baird and Citigroup, also support the stock, with respective targets of $367 and $370. This consistent positive sentiment from analysts reflects confidence in Autodesk’s future performance and strategic initiatives.
Market and Technical Picture
In terms of market dynamics, Autodesk’s stock is currently trading above its 20-day and 50-day simple moving averages (SMAs), positioning the company favorably in the technical landscape. The average trading volume over the past 10 days stands at over 1.65 million shares, indicating heightened interest from investors. The stock has shown a year-to-date performance of 0.54% and remains 10.53% off its 52-week high.
With shares reacting strongly to the latest results, investors appear to be reassessing the company’s growth profile as it continues to innovate within the design and automation sectors.