Investing.com -- Autodesk shares up more than 6% in afterhours trading as it reported fourth-quarter earnings and revenue above Wall Street expectations, while issuing an upbeat full-year forecast and announcing a restructuring plan that includes job cuts.
The company posted earnings per share of $2.29, beating analysts’ average estimate of $2.14. Revenue for the quarter rose to $1.64 billion, slightly ahead of the consensus estimate of $1.63 billion.
Autodesk (NASDAQ:ADSK) forecast earnings per share between $2.14 and $2.17 for the first quarter of 2026, above analysts’ expectation of $2.07.
It projected revenue in the range of $1.6 billion to $1.61 billion, in line with estimates.
For the full year Autodesk expects earnings per share of $9.34 to $9.67, surpassing the consensus of $9.26. It sees revenue between $7.06 billion and $7.21 billion, also above analysts’ expectation of $6.89 billion.
The company announced a worldwide restructuring plan that includes reducing its workforce by about 9%, or roughly 1,350 employees. The plan also involves facility reductions and other exit costs, with Autodesk expecting to incur pre-tax restructuring charges of $135 million to $150 million.
CEO Andrew Anagnost said Autodesk is reallocating resources toward cloud-based design and AI-driven technologies while optimizing its sales and marketing functions. CFO Janesh Moorjani added that the restructuring follows the completion of a new transaction model and aims to improve margins to be among the best in the industry.
