Autodesk (ADSK) investor relations material

Executive summary

• Q1 FY27 revenue grew 18% year-over-year to $1.93 billion, exceeding guidance and reflecting strong execution across all product families and geographies.

• GAAP EPS was $2.32, non-GAAP EPS was $2.99, and net income surged to $491 million from $152 million a year ago.

• Announced the $3.6 billion acquisition of MaintainX, the largest in company history, to strengthen operations and expand the addressable market.

• Strategic focus on converging design, make, and operate data to deliver integrated, AI-powered workflows across industries.

• Sales reorganization and optimization are underway to support durable, long-term growth and shareholder value creation.

Financial highlights

• Q1 FY27 billings reached $1.93 billion, up 18% year-over-year; free cash flow was $876 million, up 58% year-over-year.

• GAAP operating margin was 28%, up 14 percentage points; non-GAAP operating margin was 39%, up 2 points year-over-year.

• Subscription revenue increased 19% to $1.84 billion; gross profit reached $1.76 billion.

• Repurchased $448 million in common stock during Q1 FY27.

• Deferred revenue was $4.46 billion, up 13% year-over-year; RPO was $7.81 billion.

Outlook and guidance

• FY27 revenue guidance raised to $8.155–$8.215 billion, with billings guidance at $8.505–$8.58 billion.

• FY27 GAAP operating margin expected at 26–28%; non-GAAP margin at ~39%.

• FY27 GAAP EPS guidance is $8.07–$8.63; non-GAAP EPS is $12.40–$12.65.

• Free cash flow for FY27 projected at $2.725–$2.8 billion.

• Guidance assumes a stable macro environment and gradual normalization of sales productivity post-reorganization; MaintainX impact not yet included.