Autodesk (ADSK) Bank of America 2026 Global Technology Conference summary

Business model evolution and strategic positioning

• Transitioned from perpetual to subscription model and shifted to annual billing on multi-year contracts, completing this transition in the past quarter.

• Moved to a more direct customer buying experience, enhancing data insights and customer engagement.

• Investments in technology platforms and industry clouds position the company for future growth, especially in AI.

• Effects of business model transitions are expected to be largely complete this fiscal year.

Acquisition of MaintainX and market expansion

• Acquired MaintainX for $3.6 billion, the largest acquisition to date, expanding into the operations phase of the asset lifecycle.

• Operations represents a $40 billion TAM, significantly larger than construction, with plans to replicate the construction market playbook.

• MaintainX brings 14,000 customers and 10 million assets under management, enriching operational data and AI capabilities.

• Acquisition is expected to add a new revenue growth stream and strengthen AI-driven workflows toward autonomous operations.

Competitive landscape and differentiation

• Operations market is highly fragmented with many legacy and next-gen providers; MaintainX is a leader among next-gen, mobile-first solutions.

• Acquisition focused on future-oriented, cloud-native, and AI-complementary technology with strong go-to-market traction.

• MaintainX’s open approach enables management of diverse assets, targeting significant white space opportunity.