Autodesk Reports 16% Revenue Growth and Acquires MaintainX for $3.53 Billion

Autodesk, Inc. reported a significant increase in financial performance for the three and six months ended July 31, 2026, with total net revenue reaching $2.05 billion and $3.98 billion, respectively, marking a 16% and 17% increase compared to the same periods in the previous fiscal year. Subscription revenue, which has been reclassified to include maintenance revenue, accounted for $1.95 billion in the quarter and $3.79 billion in the half-year, reflecting a growth of 17% and 18% year-over-year. The company's net income also rose to $492 million for the quarter, up from $313 million in the prior year, resulting in a diluted net income per share of $2.33, compared to $1.46 a year earlier.

The company experienced notable changes in its operational metrics, with a decrease in deferred revenue to $4.26 billion, down 9% from the previous quarter, and remaining performance obligations totaling $7.43 billion, a 10% decline. Autodesk's net revenue retention rate remained strong, slightly above the range of 100% to 110% on a constant currency basis. The Americas region contributed significantly to revenue, with the U.S. generating $727 million, a 16% increase from the previous year, while Europe, the Middle East, and Africa (EMEA) saw a 19% rise to $804 million.

Strategically, Autodesk announced the acquisition of MaintainX, Inc. for approximately $3.53 billion, which is expected to enhance its capabilities in asset operations and maintenance management. This acquisition was financed through a combination of cash, a $1 billion term loan, and short-term commercial paper. The company continues to focus on expanding its cloud-based offerings and enhancing its product portfolio, particularly in the architecture, engineering, construction, and operations (AECO) sectors.

Operationally, Autodesk's employee headcount increased, contributing to higher research and development expenses, which rose to $464 million for the quarter, reflecting a 12% increase year-over-year. The company also reported a total of 5.67 million customers, with a strong emphasis on increasing subscription adoption rates across its product lines. The company’s cash and cash equivalents stood at $4.36 billion as of July 31, 2026, providing a solid liquidity position to support ongoing operations and strategic initiatives.

Looking ahead, Autodesk anticipates continued growth driven by its cloud offerings and subscription model, despite potential challenges from global economic conditions and supply chain disruptions. The company expects to maintain its focus on enhancing product functionality and expanding its market presence through both organic growth and strategic acquisitions.