1. ADSK's Q1 FY26 revenue rose 15%, reaching $1.6 billion. 2. Billings increased by 29% to $1.434 billion in Q1 FY26. 3. Guidance for Q2 looks optimistic despite macroeconomic uncertainties. 4. Free cash flow grew 14%, supporting share repurchase allocations. 5. Strong cloud and AI strategy aligns with long-term growth objectives.
The robust quarterly performance and optimistic guidance signal resilience, potentially driving ADSK's stock higher.
The article provides current financial results and future expectations, directly affecting investor sentiment and stock outlook for ADSK.
Sustained revenue growth and a focus on technology place ADSK well for future expansion, similar to past performance trends.
- First quarter revenue grew 15 percent, and 16 percent on a constant currency basis, to $1.6 billion
SAN FRANCISCO, May 22, 2025 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the first quarter of fiscal 2026, ended April 30, 2025.
"Against an uncertain geopolitical, macroeconomic, and policy backdrop, our strong performance in the first quarter of fiscal 26 set us up well for the year," said Andrew Anagnost, Autodesk president and CEO. "We continue to make the right decisions to drive long-term shareholder value by focusing on our strategic priorities in cloud, platform, and AI; optimizing our sales and marketing to drive higher margins; and allocating more capital to share repurchases as our free cash flow grows."
"Q1 was another strong quarter. We have not seen changes in overall business momentum when compared to recent quarters," said Janesh Moorjani, Autodesk CFO. "Our guidance for Q2 and the rest of the year now includes currency movements since February partly offset by additional caution in our growth assumptions to reflect greater macro economic uncertainty."
| Metric | Q1 FY26 | YoY Change |
|---|---|---|
| Billings | $1,434 million | 29% |
| Revenue | $1,633 million | 15% |
| GAAP Operating Margin | 14% | (7) ppt |
| Non-GAAP Operating Margin | 37% | 3 ppt |
| GAAP EPS | $0.70 | $(0.46) |
| Non-GAAP EPS | $2.29 | $0.42 |
| Cash flow from operating activities | $564 million | 14% |
| Free cash flow | $556 million | 14% |
The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties. Autodesk's business outlook for the second quarter and full-year fiscal 2026 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the second quarter and full-year fiscal 2026 GAAP and non-GAAP estimates is provided below or in the tables later in this document.
| Metric | Q2 FY26 (ending July 31, 2025) |
|---|---|
| Revenue (in millions) | $1,720 - $1,730 |
| EPS GAAP | $1.37 - $1.46 |
| EPS non-GAAP | $2.44 - $2.48 |
The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything