SAN FRANCISCO – Shares of Autodesk (ADSK) surged 9.1% on Friday, August 29, 2025, following a second-quarter earnings report that surpassed analyst expectations and an optimistic outlook for teh remainder of the fiscal year. The gains arrive amid ongoing pressure from activist investor starboard Value, which continues to advocate for operational improvements and potential leadership changes at the design software giant.
The positive results offer a temporary reprieve for Autodesk, which has been under scrutiny for lagging behind the broader Nasdaq Composite index in year-to-date stock performance. Starboard’s campaign for change began earlier this year, culminating in a February workforce reduction of 1350 employees – approximately 9% of the company’s staff – and the addition of two Starboard-nominated directors to Autodesk’s board in April. The core issue centers on maximizing Autodesk’s potential in a rapidly evolving technological landscape, particularly concerning the integration of artificial intelligence.
During Thursday’s earnings call, CEO Andrew Anagnost highlighted the company’s advancements in AI, specifically Project Bernini, an initiative focused on developing new AI models and “AI-driven CAD engines.” He emphasized Autodesk’s ability to streamline customer workflows and the potential of the Autodesk assistant, a tool designed to boost productivity through AI-powered prompts.
Anagnost directly addressed concerns about the disruptive potential of AI, stating, “AI may eat software, but it’s not gonna eat Autodesk.” This comment underscores the company’s strategy to not only adapt to but also capitalize on the rise of artificial intelligence within the design and engineering sectors.
Autodesk increased its full-year revenue guidance, signaling confidence in its future performance. The company’s financial results and forward-looking statements suggest a commitment to addressing starboard’s concerns and navigating the challenges and opportunities presented by AI.
WATCH: Autodesk CEO on Q2 earnings
