Autodesk Raises Fiscal ’27 Revenue Guidance to $8.2B After 18% Q1 Growth
ADSK•Autodesk delivered 18% revenue growth (16% cc) in Q1 fiscal 2027 with GAAP operating margin up to 28% and non-GAAP margin at 39%, while free cash flow reached $876 million. The company raised fiscal ’27 revenue guidance to $8.155-8.215 billion and free cash flow outlook to $2.725-2.8 billion.
1. Q1 Fiscal '27 Financial Performance
Autodesk posted reported revenue growth of 18% (16% in constant currency) in Q1 fiscal 2027, with GAAP operating margin expanding by 14 percentage points to 28% and non-GAAP operating margin rising two points to 39%. Free cash flow for the quarter reached $876 million, reflecting typical seasonal strength.
2. MaintainX Acquisition Outlook
The integration of MaintainX positions Autodesk to enhance its digital twin and factory design offerings, with annualized recurring revenue expected to exceed $135 million at over 50% growth. This acquisition taps into a $40 billion addressable market in maintenance and asset operations.
3. Fiscal ’27 Guidance Revision
Building on strong Q1 performance, Autodesk raised its fiscal 2027 revenue guidance to a range of $8.155 billion to $8.215 billion and increased its free cash flow forecast to $2.725 billion–$2.8 billion, signaling confidence in continued business momentum.
4. Cash Flow Strength and Share Repurchase
Robust free cash flow of $876 million enabled repurchases of roughly 1.9 million shares for $448 million during the quarter, underscoring the company’s commitment to returning capital to shareholders.
