Autodesk Inc (AUD.DE) Q2 2025 Earnings Report

Autodesk QQ2 2025 results demonstrate solid top-line growth and durable profitability within the software applications portfolio. Revenue reached $1.505 billion, up 11.9% year-over-year and 2.45% quarter-over-quarter, supported by a broad subscription base and ongoing demand for design, engineering, and manufacturing software. Gross margin remained exceptionally high at approximately 90.7%, with operating income of $343 million and an operating margin of 22.8%, reflecting favorable operating leverage in a recurring-revenue business.

Net income totaled $282 million, delivering a net margin of 18.7% and earnings per share (EPS) of $1.31, up 25.96% year-over-year. Free cash flow generated was $198 million, contributing to a cash balance of $1.513 billion and a net debt position of roughly $1.09 billion. Backlog and deferred revenue stood at $3.228 billion, signaling strong revenue visibility and potential for continued cash generation. The balance sheet shows robust asset levels and a large goodwill/intangible base, with total assets near $9.96 billion and total liabilities of $7.49 billion.

While the quarterly results reflect solid operational execution and cash-flow strength, Autodesk trades at elevated valuation metrics relative to revenue and earnings (e.g., P/E around 47x, P/B around 21x, and EV/FCF in the high range). Absence of explicit guidance in the data set requires a qualitative assessment of future trajectory, anchored in backlog growth, product diversification (AutoCAD, BIM 360, Fusion 360, Maya/3ds Max, ShotGrid), and continued cloud/subscription acceleration. Investors should monitor revenue mix, ARR growth, renewal rates, and potential margin expansion opportunities as the company scales with its software-as-a-service model.