Key financial highlights from the quarter include :

• Total Revenue: $1.934 billion, an 18% increase year-over-year as reported (16% in constant currency). The top line beat the Zacks Consensus Estimate by 2.1% .
• Billings: $1.69 billion, also up 18% year-over-year, reflecting solid demand across product families .
• Non-GAAP Earnings Per Share: $2.99, a 31% jump from the prior year and $0.15 above the consensus estimate of $2.84 .
• GAAP EPS: $2.32, a significant increase from $0.70 in the same quarter last year .
• GAAP Operating Margin: 28%, a dramatic improvement of 14 percentage points year-over-year .
• Non-GAAP Operating Margin: 39%, up 2 percentage points, reflecting operating leverage and benefits from a recent sales optimization .
• Free Cash Flow: $876 million, a 58% surge, driven by higher subscription revenue and typical seasonal strength, though partly offset by restructuring costs .

Raised Full-Year Fiscal 2027 Guidance

Reflecting confidence in the underlying business momentum, management raised its outlook for the full year. This guidance excludes any impact from the MaintainX acquisition and continues to factor in potential disruption from an ongoing sales restructuring .

• Revenue Guidance: Raised to a range of $8.155 billion to $8.215 billion .
• Non-GAAP Free Cash Flow Guidance: Raised to a range of $2.725 billion to $2.8 billion .
• Billings Guidance: Raised to a range of $8.505 billion to $8.58 billion .

MaintainX Acquisition: Terms and Strategic Architecture

Simultaneously, Autodesk announced a definitive agreement to acquire MaintainX, a leading provider of cloud-native maintenance, work order, and asset operations software. The deal is structured to bring critical operational capabilities into Autodesk's ecosystem.

Deal Terms and Structure

• Price: The all-cash transaction is valued at approximately $3.6 billion, with the merger agreement specifying a valuation for MaintainX of roughly $3.575 billion, subject to customary adjustments . This makes it the largest acquisition in Autodesk's history .
• Funding: Autodesk plans to finance the purchase using a combination of cash on hand and new debt financing .
• Post-Close Structure: MaintainX will become a wholly owned subsidiary of Autodesk. A portion of the purchase price will be held in escrow for standard adjustments and indemnification . To retain key talent, Autodesk also intends to grant an aggregate value of $150 million in restricted stock units to continuing MaintainX employees .
• Expected Close: The transaction is targeted to close as early as August 3, 2026, subject to regulatory approvals and other customary closing conditions .

Strategic Rationale: Closing the Data Loop

The core rationale is to unify the data and workflows that currently sit in silos across the design, build, and operate phases of a physical asset's life.

Autodesk's existing tools, from AutoCAD and Revit for design to Fusion for manufacturing and its construction cloud, cover the "design" and "make" stages. The "operate" stage—maintenance, asset tracking, and field operations—was the missing piece. MaintainX fills this gap by bringing a cloud-native platform with pre-built integrations into ERP and IoT systems .

As Bain Capital Ventures, an investor in MaintainX, explained, the acquisition “closes that loop for the first time at scale.” When a piece of equipment shows repeated failure patterns in MaintainX's operational data, that insight can flow back into Autodesk's design tools to inform the next generation of that equipment .

Autodesk CEO Andrew Anagnost framed the deal around AI potential, stating, “Our goal with MaintainX is to bring deep operational expertise, contextual data and workflows that enhance our ability to use AI to converge digital and physical worlds” .

The New Autodesk Operations Solutions Unit

MaintainX will form the centerpiece of a newly created Autodesk Operations Solutions (AOS) business unit. It will be combined with two existing Autodesk products :

• Tandem: A digital twin platform for creating data-rich virtual replicas of physical assets and buildings.
• FlexSim: 3D simulation software used for modeling, analyzing, and optimizing complex systems like factory floors and supply chains.

This new unit positions Autodesk to offer a comprehensive, unified platform that competes more directly with industrial software conglomerates that have long offered product lifecycle management (PLM) and operations software, such as Siemens, PTC, and Dassault Systèmes. The acquisition marks a definitive strategic pivot, extending the company's footprint beyond its traditional design software stronghold into the heart of how factories, facilities, and physical assets are managed.

Key financial highlights from the quarter include :

• Total Revenue: $1.934 billion, an 18% increase year-over-year as reported (16% in constant currency). The top line beat the Zacks Consensus Estimate by 2.1% .
• Billings: $1.69 billion, also up 18% year-over-year, reflecting solid demand across product families .
• Non-GAAP Earnings Per Share: $2.99, a 31% jump from the prior year and $0.15 above the consensus estimate of $2.84 .
• GAAP EPS: $2.32, a significant increase from $0.70 in the same quarter last year .
• GAAP Operating Margin: 28%, a dramatic improvement of 14 percentage points year-over-year .
• Non-GAAP Operating Margin: 39%, up 2 percentage points, reflecting operating leverage and benefits from a recent sales optimization .
• Free Cash Flow: $876 million, a 58% surge, driven by higher subscription revenue and typical seasonal strength, though partly offset by restructuring costs .

Raised Full-Year Fiscal 2027 Guidance

Reflecting confidence in the underlying business momentum, management raised its outlook for the full year. This guidance excludes any impact from the MaintainX acquisition and continues to factor in potential disruption from an ongoing sales restructuring .

• Revenue Guidance: Raised to a range of $8.155 billion to $8.215 billion .
• Non-GAAP Free Cash Flow Guidance: Raised to a range of $2.725 billion to $2.8 billion .
• Billings Guidance: Raised to a range of $8.505 billion to $8.58 billion .

MaintainX Acquisition: Terms and Strategic Architecture

Simultaneously, Autodesk announced a definitive agreement to acquire MaintainX, a leading provider of cloud-native maintenance, work order, and asset operations software. The deal is structured to bring critical operational capabilities into Autodesk's ecosystem.

Deal Terms and Structure

• Price: The all-cash transaction is valued at approximately $3.6 billion, with the merger agreement specifying a valuation for MaintainX of roughly $3.575 billion, subject to customary adjustments . This makes it the largest acquisition in Autodesk's history .
• Funding: Autodesk plans to finance the purchase using a combination of cash on hand and new debt financing .
• Post-Close Structure: MaintainX will become a wholly owned subsidiary of Autodesk. A portion of the purchase price will be held in escrow for standard adjustments and indemnification . To retain key talent, Autodesk also intends to grant an aggregate value of $150 million in restricted stock units to continuing MaintainX employees .
• Expected Close: The transaction is targeted to close as early as August 3, 2026, subject to regulatory approvals and other customary closing conditions .

Strategic Rationale: Closing the Data Loop

The core rationale is to unify the data and workflows that currently sit in silos across the design, build, and operate phases of a physical asset's life.

Autodesk's existing tools, from AutoCAD and Revit for design to Fusion for manufacturing and its construction cloud, cover the "design" and "make" stages. The "operate" stage—maintenance, asset tracking, and field operations—was the missing piece. MaintainX fills this gap by bringing a cloud-native platform with pre-built integrations into ERP and IoT systems .

As Bain Capital Ventures, an investor in MaintainX, explained, the acquisition “closes that loop for the first time at scale.” When a piece of equipment shows repeated failure patterns in MaintainX's operational data, that insight can flow back into Autodesk's design tools to inform the next generation of that equipment .

Autodesk CEO Andrew Anagnost framed the deal around AI potential, stating, “Our goal with MaintainX is to bring deep operational expertise, contextual data and workflows that enhance our ability to use AI to converge digital and physical worlds” .

The New Autodesk Operations Solutions Unit

MaintainX will form the centerpiece of a newly created Autodesk Operations Solutions (AOS) business unit. It will be combined with two existing Autodesk products :

• Tandem: A digital twin platform for creating data-rich virtual replicas of physical assets and buildings.
• FlexSim: 3D simulation software used for modeling, analyzing, and optimizing complex systems like factory floors and supply chains.

This new unit positions Autodesk to offer a comprehensive, unified platform that competes more directly with industrial software conglomerates that have long offered product lifecycle management (PLM) and operations software, such as Siemens, PTC, and Dassault Systèmes. The acquisition marks a definitive strategic pivot, extending the company's footprint beyond its traditional design software stronghold into the heart of how factories, facilities, and physical assets are managed.