Autodesk Q1 Revenue Up 18% to $1.93B, Acquires MaintainX for $3.6B
ADSK•Autodesk’s Q1 fiscal 2027 revenue rose 18% to $1.93B (16% in constant currency), billings climbed 18% to $1.69B and adjusted EPS was $2.99, $0.15 ahead of estimates. It acquired platform MaintainX for $3.6B—expected to top $135M ARR in 2026—and raised 2027 guidance to $8.16–8.22B revenue and $12.40–$12.65 EPS.
1. Q1 Fiscal 2027 Financial Results
Autodesk reported first-quarter revenue of $1.93 billion, up 18% year-over-year and 16% in constant currency, while billings reached $1.69 billion, also up 18%. Adjusted earnings per share climbed to $2.99, beating consensus by $0.15, driven by higher subscription renewals and enterprise sales.
2. MaintainX Acquisition Details
The company agreed to an all-cash purchase of operations platform MaintainX for $3.6 billion. MaintainX is projected to exceed $135 million in annual recurring revenue in 2026 with over 50% growth, enhancing Autodesk’s AI-powered operations solutions and asset management capabilities.
3. Fiscal 2027 Outlook Raised
Autodesk lifted its full-year guidance to $8.16–$8.22 billion in revenue and $12.40–$12.65 in adjusted EPS, citing strong sales momentum and the ongoing sales reorganization. Financing for the MaintainX deal will combine cash on hand with debt, with closing expected later in the fiscal year pending approvals.
