Autodesk Inc
Q1 2027 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.42%.
Did ADSK Beat Earnings? Q1 2027 Results
Autodesk kicked off fiscal 2027 on strong footing, posting first-quarter revenue of $1.93 billion, up 18.4% year over year, and non-GAAP EPS of $2.99, beating the $2.84 consensus estimate by 5.14%, extending the company's streak of consensus EPS beats to four consecutive quarters. The design software giant's results were powered by broad-based demand across its product portfolio, with its AECO segment leading the way at $970 million, up 20% year over year, while Make revenue grew 25% to $224 million as customers deepened adoption of Autodesk's platform. Cash flow from operations surged 58% to $893 million, underscoring the company's improving cost leverage and subscription model durability. CEO Andrew Anagnost highlighted Autodesk's AI differentiation, particularly its integration of MCP infrastructure and 3D foundation models, as a key competitive differentiator heading into the rest of the year. Management raised full-year fiscal 2027 guidance, now targeting revenue of $8.16 billion to $8.22 billion and non-GAAP EPS of $12.40 to $12.65, while the announced acquisition of MaintainX signals further ambitions to expand its unified operations platform.
- 18% revenue growth driven by strong execution across all product families and geographies
- AECO product family grew 20% YoY, the largest segment by revenue
- Make product type grew 25% YoY, the fastest-growing product type
- EMEA showed the strongest geographic growth at 21% YoY
- GAAP operating margin expanded 14 percentage points to 28%, aided by lower restructuring charges
- Operating cash flow grew 58% to $893 million
“Our customers need AI that produces outputs that are accurate in the real world. That requires data, context, and expertise. Each one is scarce and what differentiates Autodesk is that we have all three at scale. We can validate AI-generated outputs against real-world constraints using our existing parametric and physics-based 3D technology.”
Autodesk CEO, on the earnings call
Forward Guidance & Outlook
Autodesk raised its full-year fiscal 2027 guidance to reflect Q1 strength. Q2 FY27 guidance: Revenue of $2,005–$2,015 million, GAAP EPS of $1.84–$1.97, non-GAAP EPS of $3.10–$3.14. Full-year FY27 guidance (excluding MaintainX): Billings of $8,505–$8,580 million, Revenue of $8,155–$8,215 million, GAAP operating margin of 26%–28%, non-GAAP operating margin of ~39%, GAAP EPS of $8.07–$8.63, non-GAAP EPS of $12.40–$12.65, free cash flow of $2,725–$2,800 million. Guidance assumes underlying business momentum remains strong and continues to reflect potential disruption from the ongoing sales restructuring. MaintainX impact will be included after closing.
ADSK YoY Financials
ADSK Revenue by Segment
ADSK Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.