Autodesk Inc. Releases Impressive Q1 2027 Financial Results
Autodesk Inc., a global leader in 3D design, engineering, and entertainment technology, has announced its financial results for the first quarter of 2027. The report highlights a significant increase in revenue and net income, demonstrating the company's resilience and strategic focus on cloud-based solutions and subscription models amidst a fluctuating economic landscape.
1. Financial Overview
For the three months ended April 30, 2027, Autodesk reported total net revenue of $1.93 billion, a notable increase over the $1.63 billion recorded in the same quarter of the previous year. This represents an 18% year-over-year growth, primarily driven by the robust performance of its subscription offerings.
Income Statement Highlights
- Net Income: $491 million, significantly up from $152 million in Q1 2026.
- Operating Income: $541 million, marking a solid increase compared to $233 million a year earlier.
- Total Expenses: $1.39 billion, which includes $175 million in cost of revenue and $1.21 billion in operating expenses.
Autodesk's income statement for Q1 2027 is detailed below:
| May 2025 | May 2026 | |
|---|---|---|
Net Income | 1.01B | 1.46B |
Profit | 1.01B | 1.46B |
Net Income Continuing | 1.01B | 1.46B |
Income Tax Expense | 297M | 505M |
Pretax Income | 1.30B | 1.96B |
Non-operating Income | 21M | 82M |
Operating Income | 1.28B | 1.88B |
Revenue | 6.34B | 7.50B |
Costs and Expenses | 5.05B | 5.62B |
Cost of Revenue | 601M | 665M |
Operating Expenses | 4.45B | 4.95B |
Depreciation, Depletion & Amortization | 51M | 52M |
Research & Development | 1.53B | 1.67B |
Selling, General & Administrative | 2.75B | 3.09B |
Other Operating Expenses | 120M | 141M |
2. Strategic Focus and Product Evolution
Autodesk continues to enhance its product offerings, with a strong emphasis on integrating cloud capabilities into its software solutions. The company's strategy aims to transform the design and manufacturing landscape through advanced technology, which includes platforms like Fusion and Forma.
Key Strategic Priorities
- Building a Preferred Platform: Autodesk is committed to creating a holistic design and make platform that fosters collaboration and efficiency.
- Accelerating Product Adoption: The company’s focus on cloud-based solutions is expected to drive increased customer engagement and adoption rates.
- AI and Data Utilization: Significant investments in agentic AI technologies are aimed at augmenting customer workflows and enhancing the overall user experience.
3. Balance Sheet Strength
As of April 30, 2027, Autodesk's total assets stood at $11.93 billion, up from $10.58 billion a year prior. The company has maintained a strong liquidity position, with cash and cash equivalents amounting to $2.67 billion.
Balance Sheet Highlights
- Total Liabilities: $8.20 billion, with current liabilities of $5.24 billion.
- Total Equity: $3.18 billion, reflecting a strong equity position amid growing operational capabilities.
The balance sheet comparison between Q1 2026 and Q1 2027 is illustrated below:
| May 2025 | May 2026 | |
|---|---|---|
Total Assets | 10.58B | 11.93B |
Total Current Assets | 3.21B | 4.37B |
Cash and Equivalents | 1.81B | 2.67B |
Short-term Investments | 224M | 253M |
Accounts Receivable | 494M | 579M |
Prepaid Expenses | 681M | 871M |
Total Non-current Assets | 7.37B | 7.55B |
Intangible Assets | 4.82B | 4.79B |
Long-term Investments | 261M | 385M |
Non-current Deferred Tax Assets | 1.12B | 813M |
Net PP&E | 111M | 122M |
Lease Assets | 147M | 152M |
Other Non-current Assets | 899M | 1.29B |
Total Liabilities and Equity | 10.58B | 11.93B |
Other Equity and Liabilities | 515M | 541M |
Total Liabilities | 7.45B | 8.20B |
Total Current Liabilities | 4.91B | 5.24B |
Accounts Payable and Accrued Liabilities | 942M | 977M |
Current Debt | 357M | 53M |
Current Deferred Revenue | 3.62B | 4.21B |
Total Non-current Liabilities | 2.53B | 2.96B |
Long-term Debt | 1.98B | 2.48B |
Non-current Accounts Payable and Accrued Liabilities | 206M | 186M |
Non-current Deferred Revenue | 309M | 247M |
Non-current Deferred Tax Liabilities | 31M | 45M |
Total Equity and Non-controlling Interests | 2.61B | 3.18B |
Total Equity | 2.61B | 3.18B |
4. Cash Flow Insights
Autodesk recorded a net change in cash of $422 million for the quarter, up from $217 million in Q1 2026. This increase is attributed to strong cash flow from operations, which amounted to $893 million.
Cash Flow Statement Highlights
- Net Cash from Operating Activities: $893 million, indicating robust operational performance.
- Net Cash from Financing Activities: ($498 million), primarily due to share repurchases amounting to $448 million.
The cash flow situation for Q1 2027 is shown below:
| May 2025 | May 2026 | |
|---|---|---|
Net Change in Cash | 135M | 855M |
Effect of Exchange Rate Changes | 6M | -2M |
Net Cash from Operating Activities | 1.67B | 2.78B |
Operating Profit | 1.01B | 1.46B |
Adjustment to Operating Profit | 665M | 1.31B |
Net Cash from Investing Activities | -207M | -480M |
Business & Interest in Affiliates | 188M | 55M |
Investments | -78M | 364M |
Productive Assets | 76M | 87M |
Other Investing Activities | -21M | 26M |
Net Cash from Financing Activities | -1.34B | -1.44B |
Debt | 0 | 199M |
Equity Issuance/Repurchase | -1.07B | -1.35B |
Other Financing Activities | -269M | -285M |
5. Future Outlook
Looking ahead, Autodesk remains optimistic about its growth trajectory. The company is poised to benefit from the ongoing digital transformation across industries. Furthermore, the planned acquisition of MaintainX, Inc. for approximately $3.6 billion is expected to enhance Autodesk's product offerings and expand its market reach. This acquisition will be financed through a mix of cash and debt, solidifying Autodesk's commitment to innovation and customer satisfaction.
6. Conclusion
Autodesk's Q1 2027 financial results underscore its strategic focus on cloud-based technologies and subscription models. The impressive growth in revenue and net income highlights the company's ability to navigate economic challenges while delivering sustainable value to shareholders. As Autodesk continues to innovate and expand its offerings, it is well-positioned for ongoing success in the competitive landscape of design and manufacturing technology.
