Autodesk beats Q1 revenue estimates

Autodesk

28/05/2026 21:15

Overview
US design software firm's fiscal Q1 revenue rose 18%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company to acquire MaintainX to advance unified operations platform

Outlook
Autodesk raises FY27 guidance, sees revenue at $8.155-$8.215 bln
Company expects Q2 revenue between $2.005-$2.015 bln
Autodesk will update guidance to include MaintainX after transaction closes

Result Drivers
BROAD-BASED GROWTH - Revenue grew across all product types and regions, with notable strength in Make, AECO, and Manufacturing product families
AI PLATFORM DIFFERENTIATION - Co said its integrated AI and 3D technology platform helped drive customer adoption
SALES REORGANIZATION - Co said sales reorganization is proceeding as expected and contributed to Q1 performance

Company press release: ID:nPn3zWLF5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.93 bln
$1.89 bln (23 Analysts)
Q1 Adjusted EPS
Beat
$2.99
$2.84 (25 Analysts)
Q1 EPS
 
$2.32
 
Q1 Adjusted Operating Margin
 
39.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 31 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Autodesk Inc is $325.00, about 37.1% above its May 27 closing price of $237.00
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)