Autodesk Reports 18% Revenue Growth to $1.93 Billion, Announces Acquisition of MaintainX

Autodesk, Inc. reported a significant increase in financial performance for the three months ended April 30, 2026, with total net revenue reaching $1.93 billion, an 18% increase compared to $1.63 billion in the same period last year. The growth was primarily driven by a 19% rise in subscription revenue, which amounted to $1.84 billion, up from $1.54 billion. The company also reported a net income of $491 million, or $2.32 per diluted share, compared to $152 million, or $0.70 per diluted share, in the prior year. This substantial increase in profitability reflects Autodesk's successful transition to a subscription-based model and the growing demand for its software solutions.

In terms of operational metrics, Autodesk's recurring revenue remained stable at 97% of total net revenue, with a net revenue retention rate slightly above 100% on a constant currency basis. The company reported a decrease in deferred revenue to $4.46 billion, down 5% from the previous quarter, and remaining performance obligations totaled $7.81 billion, a 6% decrease compared to the prior quarter. The decline in deferred revenue and remaining performance obligations may be attributed to the timing of customer renewals and the seasonality of billings.

Strategically, Autodesk announced its intention to acquire MaintainX, Inc. for approximately $3.6 billion in cash, a move aimed at enhancing its offerings in maintenance and asset operations solutions. This acquisition is expected to close later in fiscal 2027, subject to regulatory approvals. The company continues to focus on expanding its product offerings and enhancing customer experiences through investments in cloud technology and artificial intelligence, which are central to its growth strategy.

Geographically, Autodesk experienced revenue growth across all regions, with the Americas generating $844 million, up 16% year-over-year, while Europe, the Middle East, and Africa (EMEA) saw a 21% increase to $761 million. The Asia Pacific region also contributed $329 million, reflecting a 17% rise. The company’s diverse revenue streams and strong international presence are indicative of its robust market position.

Looking ahead, Autodesk remains optimistic about its growth trajectory, emphasizing its commitment to innovation and customer engagement. The company anticipates continued investment in its cloud-based solutions and expects to navigate potential challenges posed by global economic conditions, including inflation and supply chain disruptions. Autodesk's strong cash position, with $3.31 billion in cash, cash equivalents, and marketable securities, positions it well to fund its strategic initiatives and acquisitions while maintaining operational flexibility.