Autodesk (ADSK) shares surged 11.10% in after-hours trading on Thursday following the release of its fiscal 2026 second-quarter results, which exceeded analyst expectations and prompted the company to raise its full-year guidance.

The design software company reported adjusted earnings per share of $2.62 for the quarter, significantly beating the consensus estimate of $2.45. Revenue also outperformed, coming in at $1.76 billion compared to the expected $1.72 billion. This represents a 17% year-over-year increase in revenue, demonstrating strong growth for the company.

Autodesk's optimistic outlook further fueled investor enthusiasm. For the third quarter, the company forecasts revenue between $1.80 billion and $1.81 billion, surpassing analyst projections of $1.77 billion. More importantly, Autodesk raised its full-year fiscal 2026 guidance, now expecting revenue between $7.025 billion and $7.075 billion, up from the previous range of $6.93 billion to $7 billion. The company also increased its adjusted earnings forecast to between $9.80 and $9.98 per share, compared to the earlier projection of $9.50 to $9.73 per share. Autodesk's CFO, Janesh Moorjani, attributed the raised guidance to strong business performance in the first half of the year and favorable foreign exchange trends.