Autodesk Inc Goldman Sachs Communacopia + Technology Conference 2026

All right. This is the best part of my job. We may make forward-looking statements during the course of this presentation. Please refer to our SEC filings for information on risks and other factors that may cause our actual results to differ materially from these statements. I feel a lot better now.

Thanks for having us. Awesome.

Yeah. Look, the thing that feels the most different is our ability to execute on the growth opportunities in front of us. One of the things we did over the last three years is we actually changed the fundamental guts of the company in terms of how we execute from a go-to-market perspective, not just from a technological perspective. We've been executing on AI and automation of our technologies and the industry clouds for quite some time. But now what we've done is we've aligned all of our go-to-market activities to basically line up on new business growth and not so much on renewal of existing business. And I think that's a powerful opportunity because we have all of this technology now to feed into that new go-to-market engine.

Yeah, it's a great question, Matt. One of the things that we've talked about is just the fundamental strength that Autodesk has from the diversification of our business. No matter which way you look at the business, across geographies, across segments, across industry verticals, we serve so many different end markets and so many different customers in all of those, that when there are strengths in some areas or weaknesses in other areas, those all tend to balance out, and that's actually given us great resilience in the business model over time, and it's helped us just deliver consistently year after year. That's the same as what we're seeing now. What we saw in Q2 was a continuing theme of some of the areas of strength that we've seen in the earlier part of the year. The broad macro stayed roughly stable as well.

Areas like industrial and infrastructure and even data centers continue to perform well. There is softness in other areas like commercial, for instance. So all of these are continuing themes. From the standpoint of go-to-market, the go-to-market reorganization that we did at the start of this year, in the early part of this calendar year, that's actually playing out as we expected it would. In most parts of the world, we're seeing our sales force return there to a normal level of productivity. It's taking a little bit of a longer time in Western Europe mainly, and that's mainly because it took us a little bit longer to implement the reorg over there, just given local consultation requirements and local labor laws. So that's, again, all very consistent with what we expected.