#United States #San Francisco #financial results #Autodesk #Q1 2026

Autodesk Reports First Quarter Results for Fiscal 2026

Autodesk, Inc., a leader in design software, has announced its financial results for the first quarter of fiscal 2026, which ended on April 30, 2025. Despite facing a challenging global environment marked by geopolitical tensions and economic uncertainty, Autodesk has demonstrated robust financial growth.

Strong Revenue Growth

For the first quarter, Autodesk reported revenue of $1.633 billion, reflecting a 15% increase compared to the previous year. When adjusted for constant currency fluctuations, this growth swells to 16%. The company’s billings also rose notably by 29% year-over-year, reaching $1.434 billion. These results illustrate the company's resilience as it navigates through uncertain market conditions.

CEO Andrew Anagnost commented on the results, stating that the impressive performance positions Autodesk favorably for the remainder of the year. He emphasized the company's commitment to enhancing shareholder value through strategic initiatives focused on cloud technology, platforms, and artificial intelligence.

Financial Highlights

Key Metrics:

• - GAAP Operating Margin: 14%, a decrease of 7 percentage points year-over-year.
• - Non-GAAP Operating Margin: 37%, an increase of 3 percentage points.
• - GAAP Earnings Per Share (EPS): $0.70, down from $1.16 in the previous year.
• - Non-GAAP EPS: $2.29, reflecting significant operational efficiency.
• - Cash Flow from Operating Activities: Totaled $564 million, a 14% increase.
• - Free Cash Flow: Also rose by 14% to $556 million.

These figures point to effective cost management and strategic resource allocation by Autodesk’s leadership team, despite ongoing headwinds in the market.

Product Performance

When breaking down revenue by product type, Autodesk’s offerings in the Design sector yielded $1.361 billion, up 14%. The Make segment experienced a robust growth rate of 23%, bringing in $179 million, while Other revenues grew to $93 million, a 22% increase. This diversification in revenue streams underscores Autodesk's strategic positioning across multiple market segments.

Geographic Performance:

• - Americas: $725 million, a growth of 17%.
• - EMEA: Revenue of $627 million, also increasing by 17%.
• - Asia-Pacific (APAC): Although growth was more moderate at 6%, this area still brought in $281 million.

Future Outlook

Looking ahead, Autodesk has provided a positive forecast for the second quarter. Guidance anticipates revenues between $1.720 - $1.730 billion, with GAAP EPS projected between $1.37 - $1.46. This outlook reflects Autodesk's strong position and anticipates a continuing upward trajectory despite potential challenges posed by global economic factors, including currency fluctuations.

The full-year guidance projects billings of $7.160 - $7.310 billion, alongside an expected GAAP operating margin of 21% - 22% and a non-GAAP operating margin of 36.5% - 37%.

Conclusion

Autodesk's first-quarter results demonstrate a strong foundation for growth in fiscal 2026. The strategic focus on cloud technology and AI, combined with effective operational management, positions the company well as it maneuvers through a complex geopolitical and economic landscape. Investors and stakeholders can be optimistic about Autodesk's future, given its solid performance metrics and forward-looking guidance.

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Investor Relations and Next Steps:
Autodesk's investor call, to discuss these results and future guidance, is scheduled for today at 5 p.m. ET. Attendees will have the chance to hear directly from the company's leadership and receive insights into strategic priorities moving forward.