Apr 2026 (Q1 FY27) — May 28, 2026
Autodesk Q1 FY27 — beats guidance, announces largest-ever acquisition (MaintainX)
Read the full callAutodesk (ADSK) earnings
- Jul 2026
- Apr 2026 (Q1 FY27)
- Jan 2026
Autodesk earnings: last reported Thu, 28 May 2026, for the quarter ended Apr 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,046 | +16.1% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 29.3 | +4.1 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 492 | +57.2% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 13 judged targets kept · 29 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Billings | $8.48 billion to $8.58 billion | Jan 2026 | Reflecting all this for fiscal '27, we've raised the bottom end of our prior billings guidance to a range of $8.505 billion to $8.58 billion, reflecting the sustained momentum of the business. | Revised Up |
| Billings | $7.355 billion to $7.445 billion | Jul 2025 | We delivered strong fiscal '26 results today with billings, revenue, non-GAAP operating margin, non-GAAP earnings per share and free cash flow, all above the high end of our guidance ranges. | Achieved |
| Non-GAAP operating margin, ex-new transaction model and currency | 39% to 40% | Jan 2025 | Ghosted |
3 of Autodesk, Inc.'s 42 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 39 more targets are in the full ledger.
Claimed
- Total revenue grew 18% reported and 16% in constant currency, above the high end of guidance; billings grew 18% reported and 15% cc
- Non-GAAP operating margin of 39% (up ~2pp on operating leverage and sales optimization); GAAP operating margin 28% (up ~14pp, mainly absence of prior one-time charges)
- Free cash flow of $876M, aided by seasonal strength (partly offset by cash restructuring costs)
- Renewal rates remained strong; Forma for Construction and Fusion growth both accelerated in the quarter
- Raised FY27 guidance: revenue to $8.155B–$8.215B, non-GAAP operating margin to ~39%, and lifted the low end of billings ($8.505B–$8.58B) and FCF ($2.725B–$2.8B)
Qualified
- Sales reorganization is dampening new subscription growth; billings guidance still embeds prudence for further disruption and is weighted to 2H FY27
- RPO grew only 9%, slowed by shorter contract durations (from reduced multiyear discounting), which also weighs on unbilled deferred revenue growth
- MaintainX carries a lower margin profile than Autodesk and is margin-dilutive; management must absorb it within FY27 and FY29 margin goals
- MaintainX is the largest deal Autodesk has ever done at a rich multiple (analyst noted ~18x next-year revenue), amid a software environment where large M&A has often gone poorly
- New transaction model tailwind to revenue growth fades from ~3.5pp in Q1 to ~2pp in Q2 and ~1.5pp for the full year
Price
$240.7 +0.33% · +$0.8
Performance −20.7% 1Y
1Y: $303.66 on 17 Oct 2025 → $240.7. High $313.53 (27 Oct 2025), low $187.72 (22 Jun 2026).
- Previous close
- $239.9
- 52-week range
- $187.72 – $313.53
- One year
- −21.84%
Overview
- Symbol
- ADSK
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 13 judged targets kept · 29 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Billings | $8.48 billion to $8.58 billion | Jan 2026 | Reflecting all this for fiscal '27, we've raised the bottom end of our prior billings guidance to a range of $8.505 billion to $8.58 billion, reflecting the sustained momentum of the business. | Revised Up |
| Billings | $7.355 billion to $7.445 billion | Jul 2025 | We delivered strong fiscal '26 results today with billings, revenue, non-GAAP operating margin, non-GAAP earnings per share and free cash flow, all above the high end of our guidance ranges. | Achieved |
| Non-GAAP operating margin, ex-new transaction model and currency | 39% to 40% | Jan 2025 | Ghosted |
Claimed
- Total revenue grew 18% reported and 16% in constant currency, above the high end of guidance; billings grew 18% reported and 15% cc
- Non-GAAP operating margin of 39% (up ~2pp on operating leverage and sales optimization); GAAP operating margin 28% (up ~14pp, mainly absence of prior one-time charges)
- Free cash flow of $876M, aided by seasonal strength (partly offset by cash restructuring costs)
- Renewal rates remained strong; Forma for Construction and Fusion growth both accelerated in the quarter
- Raised FY27 guidance: revenue to $8.155B–$8.215B, non-GAAP operating margin to ~39%, and lifted the low end of billings ($8.505B–$8.58B) and FCF ($2.725B–$2.8B)
Qualified
- Sales reorganization is dampening new subscription growth; billings guidance still embeds prudence for further disruption and is weighted to 2H FY27
- RPO grew only 9%, slowed by shorter contract durations (from reduced multiyear discounting), which also weighs on unbilled deferred revenue growth
- MaintainX carries a lower margin profile than Autodesk and is margin-dilutive; management must absorb it within FY27 and FY29 margin goals
- MaintainX is the largest deal Autodesk has ever done at a rich multiple (analyst noted ~18x next-year revenue), amid a software environment where large M&A has often gone poorly
- New transaction model tailwind to revenue growth fades from ~3.5pp in Q1 to ~2pp in Q2 and ~1.5pp for the full year
The full ledger
Open Autodesk, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 42 tracked commitments, with each call’s wording and source.
Call summaries
Jan 2026 (Q4 FY26) — Feb 26, 2026
Autodesk Q4 FY26 — Strong Performance and AI Leadership
Read the full callOct 2025 (Q3 FY26) — Nov 25, 2025
Autodesk Q3 FY26 — Strong Revenue and Earnings Beat, Full-Year Guidance Raised
Read the full callEvery analysed call
Autodesk earnings calls (ADSK)
Financials
What the filings say
Net profit, year on year: +57% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,570 | 1,639 | 1,633 | 1,763 | 1,853 | 1,957 | 1,934 | 2,046 |
| Operating profit | 346 | 366 | 233 | 444 | 470 | 431 | 541 | 599 |
| Operating margin | 22.0% | 22.3% | 14.3% | 25.2% | 25.4% | 22.0% | 28.0% | 29.3% |
| Interest | 18 | 17 | 18 | 19 | 22 | 21 | 21 | — |
| Profit before tax | 351 | 372 | 234 | 456 | 468 | 445 | 599 | 593 |
| Tax rate | 21.6% | 18.6% | 35.0% | 31.4% | 26.7% | 29.0% | 18.0% | 17.0% |
| Net profit | 275 | 303 | 152 | 313 | 343 | 316 | 491 | 492 |
| EPS ($ per share) | 1.28 | — | 0.71 | 1.47 | 1.61 | — | 2.33 | 2.34 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2,072 | 2,317 | 2,579 | 2,923 | 3,325 | 3,802 | 4,239 | 4,709 |
| Reserves | -2,147 | -2,296 | -1,487 | -1,950 | -1,995 | -1,713 | -1,333 | -1,432 |
| Total liabilities | 4,940 | 6,318 | 6,315 | 7,758 | 8,293 | 8,057 | 8,212 | 9,422 |
| Fixed assets | 150 | 162 | 193 | 162 | 144 | 121 | 117 | 121 |
| Investments | 68 | 69 | 4 | 236 | 125 | 354 | 287 | 348 |
| Total assets | 4,729 | 6,179 | 7,280 | 8,607 | 9,438 | 9,912 | 10,833 | 12,467 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 377 | 1,415 | 1,437 | 1,531 | 2,071 | 1,313 | 1,607 | 2,452 |
| Cash from investing | -710 | -57 | -404 | -1,595 | -143 | -502 | -903 | -451 |
| Cash from financing | 152 | -467 | -1,047 | -169 | -1,487 | -852 | -987 | -1,361 |
| Net cash flow | -192 | 889 | -3 | -244 | 419 | -55 | -293 | 650 |
| Capital expenditure | -67 | -53 | -91 | -56 | -40 | -31 | -40 | -43 |
| Free cash flow | 310 | 1,362 | 1,346 | 1,475 | 2,031 | 1,282 | 1,567 | 2,409 |
ADSK revenue by segment
| Segment | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Architecture Engineering Construction and Operations | — | — | — | — | — | — | 50% | 50% | — |
| Auto CA Dand Auto CADLT Family | 26% | 25% | — | — | — | — | 25% | 24% | — |
| Manufacturing | 20% | 20% | — | — | — | — | 19% | 19% | — |
| Product and Service Other | 6% | 7% | — | — | — | — | 5% | 5% | — |
| Media and Entertainment | 5% | 5% | — | — | — | — | 4% | 5% | — |
| Other | 2% | 2% | — | — | — | — | 2% | 2% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ADSK operating KPIs by quarter
| KPI | Jan 2025 Q4 FY25 | Jul 2025 Q2 FY26 | Oct 2025 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Remaining performance obligation (RPO) | $6.9BRPO of $6.9 billion and current RPO of $4.5 billion grew 14% and 12%, respectively.Source: earnings call transcript | $7.3BRPO of $7.3 billion and current RPO of $4.7 billion grew 24% and 20%, respectively, benefiting from tailwinds from the new transaction model.Source: earnings call transcript | $7.4MRPO of $7.4 million and current RPO of $4.8 million, both grew 20%, benefiting from tailwinds from the new transaction model.Source: earnings call transcript | -99.9% |
| Remaining performance obligation (RPO) Current | $4.5BRPO of $6.9 billion and current RPO of $4.5 billion grew 14% and 12%, respectively.Source: earnings call transcript | $4.7BRPO of $7.3 billion and current RPO of $4.7 billion grew 24% and 20%, respectively, benefiting from tailwinds from the new transaction model.Source: earnings call transcript | $4.8MRPO of $7.4 million and current RPO of $4.8 million, both grew 20%, benefiting from tailwinds from the new transaction model.Source: earnings call transcript | -99.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- Americas 44% ↓ 1 pt
- EMEA 39% ↑ 2 pt
- US 36% ↓ 1 pt
- Asia Pacific 17% ↓ 1 pt
- Other Americas 8%
As ADSK cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
45 filings between Dec 2, 2025 and Jun 23, 2026.
Open market
decisions to buy or sellPurchases
$2.17M
5 purchases by 4 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 29
- Award — granted as compensation
- 10
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Smith Stacy J | $794.1K | — | May 29, 2026 |
| Anagnost Andrew | $498.5K | — | Jun 16, 2026 |
| Moorjani Janesh | $494.2K | — | Jun 15, 2026 |
| CAHILL JOHN T | $378.4K | — | Jun 23, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 23, 2026 | CAHILL JOHN T Director | Purchase | 2,000 | $378.4K |
| Jun 22, 2026 | Krishnan Ram R. Director | Award | 0 | $0 |
| Jun 22, 2026 | Krishnan Ram R. Director | Award | 0 | $0 |
| Jun 17, 2026 | Smith Stacy J Director | Award | 1,553 | $0 |
| Jun 17, 2026 | Epstein Jeff Director | Award | 466 | $0 |
| Jun 17, 2026 | Howard Ayanna Director | Award | 466 | $0 |
| Jun 17, 2026 | Howard Ayanna Director | Award | 1,553 | $0 |
| Jun 17, 2026 | Simons Anna C Director | Award | 1,553 | $0 |
| Jun 17, 2026 | BLASING KAREN Director | Award | 1,553 | $0 |
| Jun 17, 2026 | Smith Stacy J Director | Award | 1,087 | $0 |
| Jun 17, 2026 | rahim rami Director | Award | 466 | $0 |
| Jun 17, 2026 | rahim rami Director | Award | 1,553 | $0 |
| Jun 17, 2026 | Epstein Jeff Director | Award | 1,553 | $0 |
| Jun 17, 2026 | Abbosh Omar Director | Award | 1,553 | $0 |
| Jun 17, 2026 | Irving Blake Director | Award | 1,553 | $0 |
| Jun 17, 2026 | BLASING KAREN Director | Award | 590 | $0 |
| Jun 17, 2026 | CAHILL JOHN T Director | Award | 621 | $0 |
| Jun 17, 2026 | CAHILL JOHN T Director | Award | 1,553 | $0 |
| Jun 17, 2026 | Irving Blake Director | Award | 559 | $0 |
| Jun 17, 2026 | Simons Anna C Director | Award | 466 | $0 |
| Jun 16, 2026 | Anagnost Andrew President and CEO | Purchase | 2,460 | $498.5K |
| Jun 15, 2026 | Moorjani Janesh EVP, Chief Financial Officer | Purchase | 2,500 | $494.2K |
| May 29, 2026 | Smith Stacy J Director | Purchase | 2,739 | $633.6K |
| May 29, 2026 | Smith Stacy J Director | Purchase | 696 | $160.4K |
| Apr 10, 2026 | Anagnost Andrew President and CEO | Award | 52,762 | $0 |
| Apr 10, 2026 | Pearce Rebecca EVP, Chief People Officer | Award | 7,454 | $0 |
| Apr 10, 2026 | Blum Steven M EVP, Chief Operating Officer | Award | 12,921 | $0 |
| Apr 10, 2026 | Moorjani Janesh EVP, Chief Financial Officer | Award | 12,424 | $0 |
| Apr 10, 2026 | Keene Ruth Ann EVP, Corp Affairs, CLO | Award | 7,785 | $0 |
| Mar 24, 2026 | Anagnost Andrew President and CEO | Tax withheld | 21,201 | $5.25M |
| Mar 24, 2026 | Keene Ruth Ann EVP, Corp Affairs, CLO | Tax withheld | 3,173 | $785.1K |
| Mar 24, 2026 | Keene Ruth Ann EVP, Corp Affairs, CLO | Tax withheld | 3,855 | $953.9K |
| Mar 24, 2026 | Anagnost Andrew President and CEO | Award | 43,091 | $0 |
| Mar 24, 2026 | Pearce Rebecca EVP, Chief People Officer | Tax withheld | 3,644 | $901.7K |
| Mar 24, 2026 | Pearce Rebecca EVP, Chief People Officer | Award | 7,751 | $0 |
| Mar 24, 2026 | Pearce Rebecca EVP, Chief People Officer | Tax withheld | 3,703 | $916.3K |
| Mar 24, 2026 | Keene Ruth Ann EVP, Corp Affairs, CLO | Award | 7,751 | $0 |
| Mar 24, 2026 | Moorjani Janesh EVP, Chief Financial Officer | Tax withheld | 8,794 | $2.18M |
| Mar 24, 2026 | Moorjani Janesh EVP, Chief Financial Officer | Award | 18,932 | $0 |
| Mar 24, 2026 | Blum Steven M EVP, Chief Operating Officer | Tax withheld | 6,067 | $1.50M |
| Mar 24, 2026 | Blum Steven M EVP, Chief Operating Officer | Award | 15,403 | $0 |
| Mar 24, 2026 | Blum Steven M EVP, Chief Operating Officer | Tax withheld | 5,240 | $1.30M |
| Mar 24, 2026 | Anagnost Andrew President and CEO | Tax withheld | 21,366 | $5.29M |
| Dec 16, 2025 | Moorjani Janesh EVP, Chief Financial Officer | Tax withheld | 7,767 | $2.29M |
| Dec 2, 2025 | Anagnost Andrew President and CEO | Gift | 26,268 | $0 |
| Sep 29, 2025 | Howard Ayanna Director | Sale 10b5-1 plan | 917 | $298.0K |
| Sep 5, 2025 | Blum Steven M EVP, Chief Operating Officer | Sale 10b5-1 plan | 520 | $169.0K |
| Sep 5, 2025 | Blum Steven M EVP, Chief Operating Officer | Sale 10b5-1 plan | 11,366 | $3.69M |
| Sep 5, 2025 | Blum Steven M EVP, Chief Operating Officer | Sale 10b5-1 plan | 5,264 | $1.70M |
| Sep 5, 2025 | Blum Steven M EVP, Chief Operating Officer | Sale 10b5-1 plan | 5,270 | $1.70M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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