The massive beat and raised guidance are likely to drive an immediate 5-10% rally. Watch for the MaintainX deal closing and updates on its financial impact, as well as continued execution on the sales reorganization. The strong subscription growth and cash flow suggest durable momentum.
Price Chart
Executive Summary
Autodesk reported strong Q1 FY2027 results with revenue of $1.934B (+18% YoY) and non-GAAP EPS of $2.99, crushing the Street consensus of $2.12 by 41%. Subscription revenue grew 19% to $1.836B, driving a record GAAP operating margin of 28%. The company raised full-year FY2027 guidance, now expecting revenue of $8.155-$8.215B (up $55M) and non-GAAP EPS of $12.40-$12.65 (up $0.09). Additionally, Autodesk announced the acquisition of MaintainX to expand its operations platform. The combination of a massive beat, raised guidance, and strategic M&A reinforces the bull case for the stock.
Key Financial Metrics
Key Facts
- Q1 revenue $1.934B (+18% YoY, +16% cc), above guided range of $1.885-$1.900B
- Non-GAAP EPS $2.99 vs Street consensus $2.12 (+41% beat)
- GAAP EPS $2.32 vs $0.70 YoY (operating margin 28% vs 14% YoY)
- Subscription revenue $1.836B (+19% YoY); RPO $7.808B (+9% YoY)
- Operating cash flow $893M (+58% YoY); FCF $876M (+58% YoY)
- Full-year FY27 guidance raised: revenue $8,155-$8,215M, non-GAAP EPS $12.40-$12.65
- Pending acquisition of MaintainX (workforce management software) for undisclosed sum
Financial Impact
EPS surprise of +41% vs consensus, guidance raised by ~$0.09 on non-GAAP EPS
Risk Factors
- Sales reorganization could cause temporary disruption to billings and revenue
- MaintainX acquisition integration and undisclosed purchase price may be dilutive in near term
- Foreign exchange headwinds (constant currency growth was 16% vs reported 18%)
- Macroeconomic uncertainty affecting construction and manufacturing customers
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000769397-26-000041 |
| Document: adsk-20260528.htm | 0000769397-26-000041 |
| Document: 0000769397-26-000041-index-headers.html | 0000769397-26-000041 |
| Document: 0000769397-26-000041-index.html | 0000769397-26-000041 |
| Document: 0000769397-26-000041.txt | 0000769397-26-000041 |
| 8-K Data (Synthetic) | 0000769397-26-000041 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 22d ago | 424B5 | $211.61 $218.64 | ▲ +3.32% | ▲ +3.82% | $213.02 (+0.67%) |
Aug 3, 2026 8w ago | 8-K | $234.71 $256.07 | ▲ +9.10% | ▲ +7.07% | $213.02 (−9.24%) |
Jul 30, 2026 9w ago | Institutional Cluster | $234.97 $242.47 | ▲ +3.19% | ▼ −0.43% | $213.02 (−9.34%) |
Jun 15, 2026 15w ago | Insider Buy | $201.38 $188.78 | ▼ −6.26% | ▼ −4.02% | $213.02 (+5.78%) |
Jun 15, 2026 15w ago | 8-K | $198.60 $187.72 | ▼ −5.48% | ▼ −4.10% | $213.02 (+7.26%) |
May 28, 2026 18w ago | 8-K | $231.25 $229.76 | ▼ −0.64% | ▲ +1.88% | $213.02 (−7.88%) |
Apr 24, 2026 22w ago | 8-K | $234.90 $247.48 | ▲ +5.36% | ▲ +4.96% | $213.02 (−9.31%) |
US Market Status
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