On August 28, Autodesk declined 4.65% overnight, trading at $258.0/share, with turnover of $41,800. The stock fell despite reporting a strong Q2 earnings beat, as weaker-than-expected Q3 profit guidance and acquisition-related concerns weighed on sentiment.

Autodesk posted Q2 adjusted EPS of $3.30, beating the consensus estimate of $3.12 by 5.77% and representing a 25.95% year-over-year increase from $2.62. Revenue came in at $2.046 billion, above the $2.012 billion estimate. The company also raised its fiscal 2027 revenue guidance to $8.295B-$8.345B, exceeding the FactSet estimate of $8.21B. However, Q3 EPS guidance fell below analyst expectations, triggering selling pressure.

Additionally, investors expressed concerns over the company's $3.6 billion acquisition of MaintainX, citing potential dilution to organic growth and operating margins. UBS had previously noted the deal may add $60 million in fiscal 2027 revenue. The market consensus rating remains Buy with a mean price target of approximately $315.

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