Key Stats for Autodesk Stock
- Current Price: ~$241 (May 28, 2026)
- Q1 FY27 Total Revenue: $1.93B, +18% YoY
- Q1 FY27 Adjusted EPS: $2.99, +31% YoY, beat Street by 5%
- Q1 FY27 Non-GAAP Operating Margin: 39%
- Q1 FY27 Free Cash Flow: $876M
- FY27 Revenue Guidance (raised): $8.155B–$8.215B
- FY27 Non-GAAP FCF Guidance (raised): $2.725B–$2.8B
- TIKR Model Price Target: ~$430
- Implied Upside: ~78%
Autodesk Stock Beats on Revenue and EPS While Announcing Its Largest-Ever Acquisition
Autodesk (ADSK) delivered Q1 fiscal year 2027 results that beat on both the top and bottom line, with adjusted EPS of $2.99 topping the $2.84 Street estimate by 5% and total revenue of $1.93B coming in 2% above consensus, while simultaneously announcing the $3.575B acquisition of MaintainX — the company’s largest deal in its history.
The earnings beat was broad-based, with CFO Janesh Moorjani citing strength in AECO, particularly construction and emerging markets, as the primary driver, while renewal rates held firm even as new subscription growth absorbed expected disruption from the company’s ongoing sales reorganization.
Revenue grew 18% year-over-year, with a new transaction model contributing roughly 3.5 percentage points of that tailwind in Q1 — a benefit that will taper to approximately 2 points in Q2 and average around 1.5 points for the full fiscal year.
Andrew Anagnost, CEO, stated on the Q1 earnings call that “our customers do not just need AI that can generate — they need AI that produces outputs that are correct in the real world,” tying the remark to Autodesk’s hybrid approach of combining probabilistic AI generation with deterministic engineering validation using its parametric and physics-based product engines.
The MaintainX acquisition extends Autodesk’s design-and-make platform into operations, giving it access to real-world asset performance data that management believes will accelerate the company’s digital twin strategy from static through dynamic to predictive — unlocking what Anagnost described as a $40 billion TAM expansion.
MaintainX is a modern maintenance and asset operations platform growing at over 50% annually and on track to exceed $135M in annualized recurring revenue in calendar 2026, making the $3.575B price tag roughly 18x forward revenue on a standalone basis before any synergies.
Autodesk funded the quarter’s capital return program alongside the acquisition announcement, repurchasing approximately 1.9 million shares for $448M and guiding for share buybacks in FY27 similar in total dollars to FY26, with the company planning to direct approximately 50% of free cash flow toward further share count reduction.
The broader strategic context is the same playbook Autodesk ran with construction: a cornerstone acquisition of a disruptive market leader followed by organic and inorganic bolt-ons, with Steve Hooper, the executive who scaled Fusion, appointed to lead the new Autodesk Operations Solutions unit — an early signal that management intends to build a business in operations as large as its construction segment, which today generates close to $600M in LTM revenue growing above 20%.
Revenue Reacceleration and Margin Leverage Define the ADSK Income Statement
Total revenues have accelerated from $1.63B in the quarter ended April 30, 2025 to $1.93B in the quarter ended April 30, 2026, a sequential pattern of sustained improvement that frames the 18% YoY headline number as a step up in trajectory rather than a one-quarter event.
The year-over-year revenue growth rate has widened from 15.2% four quarters ago to 18.4% in the most recent quarter, reflecting a combination of underlying demand, new transaction model tailwinds, and favorable construction-segment momentum.
GAAP operating income grew 37% year-over-year to $530M on the quarter ended January 31, 2026, with operating margin expanding from 21% to 27.2% over the eight-quarter span shown in the income statement — the most sustained operating leverage the business has posted in recent years.
R&D spending held approximately flat sequentially at $400M–$420M per quarter over the last four periods, indicating that margin expansion is being driven by revenue scale against a relatively stable cost base, not expense cuts.
Is Autodesk Stock Undervalued? What the TIKR Valuation Model Shows
TIKR’s base case values Autodesk at approximately $430 by January 2031, implying around 79% total return from the current price of $241, or roughly 13% annualized over the next 4.7 years.
If Autodesk executes on its mid-case assumptions, approximately 8% revenue CAGR through FY36 with net income margins expanding to around 33%, the TIKR model points to a stock price of approximately $486 by January 2035, a roughly 102% total return and around 8% annualized.
If growth stalls at the low-case scenario of approximately 7.5% revenue CAGR and margins settling at around 31%, the model produces approximately $379 by 2035, a roughly 57% return and around 5% annualized. If the high-case scenario holds — revenue compounding at approximately 9% with margins near 34% — the model produces approximately $608, roughly 152% total return and around 11% annualized.
How Did Autodesk Perform in Q1 FY27 Earnings?
Autodesk delivered adjusted EPS of $2.99 in Q1 FY27, beating the $2.84 Street estimate by approximately 5%. Total revenue reached $1.93B, 18% above the year-ago quarter, with billings up 18% as reported.
The beat was driven by strength in AECO construction and emerging markets, with renewal rates holding firm through the ongoing sales reorganization. Management raised full-year revenue guidance to $8.155B–$8.215B and full-year adjusted EPS guidance to $12.40–$12.60 following the outperformance.
Is Autodesk Stock Undervalued in 2026?
TIKR’s base case values Autodesk at approximately $430 by January 2031, implying around 79% total return or roughly 13% annualized from the current price of $241.
Operating income has expanded from a 21% margin four quarters ago to 27% in the most recent period, providing a real earnings floor beneath the forward model.
The key variable is whether Autodesk can sustain 8%-plus revenue growth while absorbing MaintainX dilution within its stated FY29 margin framework.
Should You Invest in Autodesk, Inc.?
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