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Autodesk, Inc.
5/28/2026
Hello and welcome to the Q1 fiscal year 27 Autodesk earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand has been raised. To withdraw your question, Please be advised that today's conference is being recorded. It is now my pleasure to introduce Vice President, Investor Relations, Simon May Smith.
Thanks, Operator, and good afternoon. Thank you for joining our conference call to discuss Autodesk's fiscal 27 first quarter results. Andrew Adagnost, our CEO, and Janesh Mojani, our CFO, are on the line with me. During this call, we will make forward-looking statements, including outlook and related assumptions on products, artificial intelligence, sales and marketing optimization, go-to-market strategies, trends, and pending transactions. Actual events or results could differ materially. Please refer to our SEC findings, including our most recent Form 10-K and the Form 8-K filed with today's press release, for important risks and other factors that may cause our actual results to differ from those in our forward-looking statements. Forward-looking statements made during the call are being made as of today. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. Autodesk disclaims any obligation to update or revise any forward-looking statements. We will quote several numerical growth changes during this call and as we discuss our financial performance. Unless otherwise noted, each such reference represents a year-on-year comparison. All non-GAAP numbers referenced in today's call are reconciled in our press release and supplemental materials available on our investor relations website, where you will also find a presentation deck on the acquisition announced today. And now I will turn the call over to Andrew.
Thank you, Simon, and welcome everyone to the call. We delivered strong Q1 fiscal 27 results today with revenue and earnings per share above the high end of guidance ranges, and this outperformance flows through to our full year guidance. Today we shared in a separate announcement that we have entered into a definitive agreement to acquire MaintainX, a leading modern maintenance and asset operations solutions used by organizations to manage and optimize day-to-day operations. The acquisition reflects Autodesk's commitment to becoming a long-term leader in operations and builds upon Autodesk Operations Solutions, AOS, capabilities in digital twins and factor design. I'm going to devote my opening remarks to operations and will return to our other strategic initiatives after Dinesh's discussion of our financial performance and guidance. Autodesk's strategy is to converge design, make, and operate data and context continuously through the full lifecycle. This benefits owners, designers, builders, manufacturers, and operators through increased efficiency and resilience and reduced risk and downtime. Operations is highly complementary to the design and make category, reflecting growing customer demand and more continuous data-driven workflows from concept through to operation and optimization. With this expansion in operations, we plan to unlock higher-value system-level AI, extend our duration with assets and systems from years to decades, and meaningfully expand our addressable market. MaintainX helps organizations manage maintenance, assets, and frontline operations with a modern, mobile-first platform with pre-built integrations that serve as both a system of record and action for day-to-day operational workflows. It's led by world-class engineering and AI talent and delivers a scalable go-to-market growth motion for operations and strong expansion potential across customer segments, geographies, and adjacent use cases. Its position as a key component of maintenance and operational activity gives Autodesk access to rich data on asset condition and history, inspections, maintenance patterns, and real-world performance. Bringing MaintainX into Autodesk begins to build the data and context loop that enables a new generation of more integrated, data-driven, and AI-powered capabilities connecting digital design and make with real-world performance to deliver predictive maintenance, intelligent automation, and real-time decision support. In short, we are excited to welcome the MaintainX team to Autodesk, and this acquisition will position us to help our customers increase efficiency and resilience and reduce risk and downtime through convergence. Dinesh, over to you to discuss our quarterly financial performance and guidance.
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