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Autodesk
(NASDAQ:ADSK)
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Rating:75Outperform
Price Target:
$263.00
▲(25.39% Upside)
Action:Reiterated
Date:08/03/26
The score is driven primarily by strong financial performance (high margins and high-quality free cash flow) and a constructive earnings call with raised FY2027 guidance. Offsetting factors are a mixed longer-term technical setup (below the 200-day moving average) and a relatively rich valuation (P/E ~33.9) with no dividend yield provided.
Positive Factors
High margins and cash generation
Autodesk's extraordinarily high gross margins and near parity of free cash flow to net income indicate durable, high-quality earnings. Robust FCF supports reinvestment, R&D, buybacks and debt servicing, providing sustained financial flexibility and resilience across cycles.
Negative Factors
Moderating revenue growth
Slower top-line growth reduces the leverage available to expand operating profit and FCF in coming quarters. Autodesk will need successful execution on MaintenX, product momentum and AI monetization to restore faster revenue expansion; otherwise margin progression may be harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and cash generation
Autodesk's extraordinarily high gross margins and near parity of free cash flow to net income indicate durable, high-quality earnings. Robust FCF supports reinvestment, R&D, buybacks and debt servicing, providing sustained financial flexibility and resilience across cycles.
Read all positive factors
Autodesk Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue by region (e.g., Americas, EMEA, APAC) to reveal market concentration, growth pockets, and exposure to local economic or currency risks. Geographic trends show where Autodesk’s products are gaining traction and where macro or regulatory shifts could materially affect results.
Breaks down revenue by region (e.g., Americas, EMEA, APAC) to reveal market concentration, growth pockets, and exposure to local economic or currency risks. Geographic trends show where Autodesk’s products are gaining traction and where macro or regulatory shifts could materially affect results.
Data provided by:
The Fly
The FlyAutodesk (ADSK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$49.42B
Dividend YieldN/A
Average Volume (3M)2.86M
Price to Earnings (P/E)33.9
Beta (1Y)0.87
Revenue Growth18.88%
EPS Growth46.42%
CountryUS
Employees14,300
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)6.90
Shares Outstanding211,000,000
10 Day Avg. Volume2,128,540
30 Day Avg. Volume2,861,339
Financial Highlights & Ratios
PEG Ratio22.51
Price to Book (P/B)17.69
Price to Sales (P/S)7.47
P/FCF Ratio22.36
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$307.44Price Target Upside46.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)12.6
Revenue Forecast (FY)$8.20B
Autodesk Business Overview & Revenue Model
Company Description
Autodesk, Inc. delivers advanced software and services for 3D design, engineering, and entertainment to a global clientele. Their diverse product line includes AutoCAD Civil 3D, a comprehensive solution for civil engineering tasks such as land dev...
How the Company Makes Money
Autodesk primarily makes money by licensing its software through subscriptions rather than perpetual licenses. Revenue is largely generated from recurring subscription fees for access to individual products (e.g., AutoCAD, Revit, Fusion, Maya) and...
Autodesk Earnings Call Summary
Earnings Call Date:May 28, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: double-digit revenue and billings growth, robust margins (39% non-GAAP), sizable free cash flow, an increase in guidance, and strategic expansion into operations via the MaintenX acquisition (>$135M ARR, >50% growth). These positives were balanced by expected short-term impacts from the sales reorganization on new business, near-term RPO/unbilled revenue effects from contract term changes, discrete restructuring cash outflows, and execution/integration risks associated with a large acquisition. Management emphasized that the reorg impacts were within guidance, that margin targets and capital allocation discipline remain intact, and that MaintenX is strategically additive to Autodesk’s AI and digital twin roadmap.Positive Updates
Top-Line Growth
Total revenue grew 18% as reported and 16% in constant currency for Q1 fiscal 2027, driven by strength in AECO (particularly construction) and emerging markets. Management noted revenue and EPS above the high end of guidance for the quarter.
Negative Updates
Sales Reorganization Disruption to New Business
The sales reorganization caused expected near-term disruption to new subscription (new business) growth; management said the impact was within guidance assumptions but resulted in weaker new business productivity that is expected to normalize gradually across the year.
Read all updates
Q1-2027 Updates
Positive
Negative
Top-Line Growth
Total revenue grew 18% as reported and 16% in constant currency for Q1 fiscal 2027, driven by strength in AECO (particularly construction) and emerging markets. Management noted revenue and EPS above the high end of guidance for the quarter.
Read all positive updates
Company Guidance
Autodesk raised the bottom end of its fiscal 2027 guidance, now targeting billings of $8.505–$8.580 billion and revenue of $8.155–$8.215 billion, with GAAP operating margin guidance at 20%–28% and non‑GAAP operating margin upgraded to ~39%; free cash flow guidance was nudged up at the low end to $2.725–$2.8 billion. Q1 showed continued strength (revenue +18% as reported / +16% constant currency; billings +18% / +15% cc; Q1 FCF $876 million; GAAP/non‑GAAP operating margins 28% / 39%), management expects SBC to fall below 10% in FY27, plans FY27 share repurchases similar in dollars to FY26 (Q1 repurchases ≈1.9M shares for $448M) with ~50% of flow applied to reducing share count, and noted the new transaction model tailwind to revenue was ~3.5% in Q1 (≈2% in Q2, ~1.5% on average for the year), billings skew slightly to H2, and the announced MaintenX deal (to close later this year) targets >$135M ARR with >50% growth and will be absorbed within FY27–FY29 margin goals.Autodesk Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
73
Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.51B | 7.21B | 6.13B | 5.50B | 5.00B | 4.39B |
| Gross Profit | 6.84B | 6.56B | 5.55B | 4.99B | 4.53B | 3.97B |
| EBITDA | 2.17B | 1.80B | 1.56B | 1.27B | 1.17B | 789.20M |
| Net Income | 1.46B | 1.12B | 1.11B | 906.00M | 823.00M | 497.00M |
Balance Sheet | ||||||
| Total Assets | 11.93B | 12.47B | 10.83B | 9.91B | 9.44B | 8.61B |
| Cash, Cash Equivalents and Short-Term Investments | 2.92B | 2.60B | 1.89B | 2.25B | 2.07B | 1.76B |
| Total Debt | 2.72B | 2.73B | 2.56B | 2.63B | 2.67B | 3.06B |
| Total Liabilities | 8.74B | 9.42B | 8.21B | 8.06B | 8.29B | 7.76B |
| Stockholders Equity | 3.19B | 3.04B | 2.62B | 1.85B | 1.15B | 849.10M |
Cash Flow | ||||||
| Free Cash Flow | 2.73B | 2.41B | 1.50B | 1.28B | 2.02B | 1.46B |
| Operating Cash Flow | 2.78B | 2.45B | 1.61B | 1.31B | 2.07B | 1.53B |
| Investing Cash Flow | -480.00M | -451.00M | -903.00M | -502.00M | -143.00M | -1.59B |
| Financing Cash Flow | -1.44B | -1.36B | -987.00M | -852.00M | -1.49B | -168.60M |
Autodesk Technical Analysis
Positive
209.75
Price Trends
215.63
Positive
227.75
Positive
252.84
Negative
Market Momentum
7.54
Negative
64.37
Neutral
74.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADSK, the sentiment is Positive. The current price of 209.75 is below the 20-day moving average (MA) of 220.83, below the 50-day MA of 215.63, and below the 200-day MA of 252.84, indicating a neutral trend. The MACD of 7.54 indicates Negative momentum. The RSI at 64.37 is Neutral, neither overbought nor oversold. The STOCH value of 74.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ADSK.
Autodesk Risk Analysis
Autodesk disclosed 42 risk factors in its most recent earnings report. Autodesk reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Autodesk Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $95.39B | 696.39 | 3.78% | ― | 29.54% | -21.11% | |
75 Outperform | $49.42B | 33.94 | 49.42% | ― | 18.88% | 46.42% | |
72 Outperform | $10.77B | 39.82 | 23.62% | 0.89% | 12.23% | 10.63% | |
72 Outperform | $15.85B | 13.22 | 32.64% | ― | 19.50% | 143.45% | |
70 Outperform | $93.64B | 67.20 | 22.88% | ― | 14.70% | 36.13% | |
62 Neutral | $25.63B | -121.57 | -16.70% | ― | 24.74% | 49.81% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
ADSK
Autodesk
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Autodesk Corporate Events
Business Operations and StrategyM&A Transactions
Autodesk Completes Acquisition of MaintainX to Expand Capabilities
Positive
Aug 3, 2026
On August 3, 2026, Autodesk, Inc. completed its previously announced acquisition of MaintainX Inc., a deal executed under a merger agreement signed on May 28, 2026. The transaction, carried out through Autodesk’s wholly owned subsidiary Matt...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Autodesk Warns of Financing Risks Amid Macroeconomic Uncertainty
Negative
Jul 13, 2026
Autodesk disclosed risk factors indicating that certain planned transactions might not be completed, highlighting potential challenges related to the availability, timing, and cost of financing, including through its commercial paper program. The ...
Executive/Board ChangesShareholder Meetings
Autodesk Shareholders Reinforce Board, Approve Governance Measures
Positive
Jun 18, 2026
At its recent Annual Meeting, Autodesk shareholders elected eleven directors, including CEO Andrew Anagnost and several other incumbents, to serve one-year terms on the Board, indicating broad investor support for the current leadership. The meeti...
Business Operations and StrategyPrivate Placements and Financing
Autodesk Secures New Credit Agreement to Enhance Liquidity
Positive
Jun 15, 2026
On June 15, 2026, Autodesk, Inc. entered into a new credit agreement with a syndicate of lenders and Citibank, N.A. acting as administrative agent, while simultaneously executing Amendment No. 1 to an existing credit agreement. These financing arr...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Autodesk to Acquire MaintainX in Strategic Operations Expansion
Positive
May 28, 2026
On May 28, 2026, Autodesk signed a definitive agreement to acquire MaintainX, a modern maintenance and operations software provider, in an all-cash deal valued at about $3.6 billion, with closing targeted as early as August 3, 2026, subject to reg...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Autodesk posts strong Q1 results and raises outlook
Positive
May 28, 2026
Autodesk reported strong results for the first quarter of fiscal 2027, ended April 30, 2026, with revenue up 18% year on year, or 16% in constant currency, to $1.93 billion, driven by broad-based growth across design and make products and all majo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.