Autodesk (NASDAQ:ADSK) raised its full-year guidance after delivering stronger-than-expected fiscal Q1 results, fueled by accelerating demand for its cloud-based design and engineering solutions.

For the quarter, Autodesk reported non-GAAP EPS of $2.29 on revenue of $1.63 billion, beating analyst expectations of $2.14 and $1.61 billion, respectively. Growth was driven by a 20% year-over-year surge in the AECO segment and a 23% increase in its Make segment, which includes cloud subscription products.

Looking ahead to Q2, the company projects adjusted EPS between $2.44 and $2.48 on revenue of $1.72 billion to $1.73 billion, ahead of consensus estimates of $2.43 and $1.70 billion, respectively.

For fiscal year 2026, Autodesk raised its outlook, now expecting non-GAAP EPS of $9.50 to $9.73 on revenue of $6.93 billion to $7.00 billion. This compares to its prior guidance of $9.34 to $9.67 EPS on revenue of $6.90 billion to $6.97 billion.