Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Autodesk (ADSK) delivered strong Q1 FY2027 growth, with revenue up 18.4% year over year to $1.93B and net income up 223.0% to $491M, driven by subscription growth and sharply lower restructuring expense. Source: 10-Q Item 2 MD&A, pp.29-34.
Revenue
$1.93B
+18.43% YoY
EPS (Diluted)
$2.32
+231.43% YoY
Gross Margin
91.0%
+0.7 pts YoY
Operating Income
$541M
+132.19% YoY
Source: SEC XBRL
Autodesk (ADSK) reported Q1 FY2027 revenue of $1.93B, up 18.4% year over year. Operating margin was 28.0%, up 13.7 points from 14.3% a year earlier. Operating cash flow was $893M, up 58.3% year over year. ADSK's fiscal Q1 FY2027 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 2.99 | 2.90 | Beat +3.1% |
| Mar 2026 | 2.85 | 2.70 | Beat +5.7% |
| Dec 2025 | 2.67 | 2.55 | Beat +4.8% |
| Sep 2025 | 2.62 | 2.50 | Beat +4.8% |
Adjusted (non-GAAP) EPS of $2.99 versus the $2.90 analyst consensus — a +3.1% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $2.32.
Compiled by AI from 10-Q Item 2 of this filing
Total revenue rose 18% to $1.934B, led by a 19% increase in subscription revenue to $1.836B. AECO was the largest product family at $970M, up 20%, while Manufacturing rose 19% to $367M, supported by AEC Collections, Autodesk Forma, Revit, Fusion, and EBA offerings.
Source: 10-Q Item 2 MD&A
Recurring revenue increased 18% to $1.881B and represented 97% of total revenue, unchanged from the prior-year period. Net revenue retention rate was slightly above Autodesk's 100%-110% range on a constant-currency basis.
Source: 10-Q Item 2 MD&A
Reported revenue growth was 18%, compared with 16% growth on a constant-currency basis, indicating a positive foreign-exchange impact. EMEA revenue grew 21% reported, or 16% in constant currency, while APAC grew 17% reported and 16% in constant currency.
Source: 10-Q Item 2 MD&A
Total operating expenses declined 2% to $1.218B despite higher marketing and sales and R&D spending, because restructuring, other exit costs, and facility reductions fell 71% to $30M from $105M. Management said the prior fiscal-year restructuring plan was substantially complete as of January 31, 2026.
Source: 10-Q Item 2 MD&A
Deferred revenue was $4.457B, down 5% from $4.693B at January 31, 2026, while remaining performance obligations were $7.808B, down 6% from $8.300B. Management notes these balances can vary with renewal timing, contract duration and size, foreign exchange, and historically stronger fourth-quarter sales activity.
Source: 10-Q Item 2 MD&A
Compiled by AI from 10-Q Item 1A of this filing · 4 high, 1 medium, 0 low
Autodesk is investing heavily in cloud products, platform capabilities, AI features, flexible subscriptions, and changes to how customers purchase products. If new offerings do not achieve customer acceptance, operate as expected, or generate sufficient revenue relative to their development costs, revenue, profitability, and reputation could be harmed.
Source: 10-Q Item 1A Risk Factors
International revenue represented 65% of revenue in the three months ended April 30, 2026. This exposes Autodesk to foreign-exchange volatility, geopolitical conflict, tariffs, export restrictions, local regulatory requirements, data restrictions, tax changes, collection risk, and economic weakness in overseas markets.
Source: 10-Q Item 1A Risk Factors
Customers are generally not obligated to renew subscriptions, and may renew on less favorable terms, reduce seats, or reduce spending amid competitive or economic pressure. Because subscription revenue is generally recognized over one- to three-year contract terms, a slowdown in new or renewed contracts may not be fully visible in reported revenue until future periods.
Source: 10-Q Item 1A Risk Factors
Autodesk recently signed an agreement to acquire MaintainX, Inc., subject to regulatory review and other closing conditions. The company may face closing delays, transaction costs, integration difficulties, unanticipated liabilities, and a failure to achieve expected synergies or operating efficiencies.
Source: 10-Q Item 1A Risk Factors
A substantial portion of Autodesk's revenue is derived from a limited number of solutions, including AutoCAD-based products and collections. Competition and disruptive AI or cloud technologies could pressure pricing, reduce demand, or prevent customers from migrating from individual products into broader collections and cloud functionality.
Source: 10-Q Item 1A Risk Factors
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.93 $B | 1.63 $B | +18.43% |
Cost of Revenue $M | 175.00 $M | 160.00 $M | +9.38% |
Gross Profit $B | 1.76 $B | 1.47 $B | +19.42% |
Operating Income $M | 541.00 $M | 233.00 $M | +132.19% |
Net Income $M | 491.00 $M | 152.00 $M | +223.03% |
EPS (Basic) $ | 2.33 $ | 0.71 $ | +228.17% |
EPS (Diluted) $ | 2.32 $ | 0.70 $ | +231.43% |
R&D Expense $M | 421.00 $M | 394.00 $M | +6.85% |
Answers draw on this SEC filing and the data on this page
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