Autodesk, Inc.

Autodesk, Inc.

ADSKProductivity

Autodesk makes design and engineering software for architecture, engineering, construction, manufacturing, and media.

Key figures

Data as of Jul 2026 · Pills compare vs Apr 2026
ARR Multiple
5.9x
-0.1x
ARR
$8.2B
+5.8%
YoY Growth
16.1%
-2.4pp
Market Cap
$48.2B
-1.6%
Revenue (Q)
$2.0B
+5.8%
Gross Margin
91.4%
+0.5pp
Op. Margin
29.3%
+1.3pp
Rule of 40
45.3
-3.7
Magic Number
0.76
+0.90

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jul 2026 quarter-end (6.0x).

Valuation by quarter

Current ARR Multiple: 6.0x· Forward at Q3 FY2027 guidance: 5.7x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

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AI Replacement RiskLOW
13/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
DevOps & developer toolsCategory baseline
low base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration2/5
+1.6 risk

Company overview

Autodesk makes design and engineering software for architecture, engineering, construction, manufacturing, and media. John Walker founded it in 1982 in San Francisco. Autodesk created AutoCAD, one of the most influential software products ever, which changed how engineers and architects do computer-aided design.

The AEC portfolio includes AutoCAD, Revit for Building Information Modeling, Civil 3D for civil engineering, Navisworks for project review, and the Autodesk Construction Cloud for design collaboration and project management. Revit has become an industry standard for architects and structural engineers, enabling 3D modeling with built-in intelligence about materials, quantities, and building performance.

For manufacturing, there's Fusion for integrated CAD/CAM/CAE design, Inventor for 3D mechanical design, and Moldflow for plastic injection simulation. Fusion is the flagship cloud product that unifies design, engineering, simulation, and manufacturing. In media and entertainment, Maya and 3ds Max are industry standards for 3D animation, visual effects, and game development.

The company completed a full transition from perpetual licenses to subscriptions. This was one of the most significant business model shifts in enterprise software. It turned a cyclical revenue base into predictable recurring revenue, stabilized cash flows, and expanded the market by lowering upfront costs. Subscriptions now make up virtually all of the roughly $7.8 billion in annual revenue.

Gross margins run around 92%, some of the highest in the industry. Operating margins keep expanding as the subscription transition matures.

Autodesk sells to individual architects, small design firms, mid-market construction companies, and the world's largest infrastructure enterprises. Collections, which are bundled product suites for AEC, manufacturing, and entertainment, push average revenue per user higher by encouraging multi-product adoption.

AI investment is growing through Autodesk AI. This includes generative design that optimizes based on constraints, automated drawing generation, and AI-assisted project planning. The Construction Cloud uses analytics and AI to help contractors predict project risks and optimize scheduling.

With about 14,000 employees serving customers in over 180 countries, Autodesk's software designs everything from buildings and bridges to cars and Oscar-winning films. It's essential infrastructure for the industries that shape the physical world.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearJan 31
IncorporatedDelaware
Phone(415) 507-5000
AddressONE MARKET, STE. 400., SAN FRANCISCO, CA, 94105
Mailing addressONE MARKET, STE. 400., SAN FRANCISCO, CA, 94105
EIN94-2819853
Entity typeoperating
SEC industry framework06 Technology
Former namesAUTODESK INC (to 2019-09-25)

SaaS KPIs

Reported in at least 3 quarters

Non-GAAP Operating Margin

33 quarters
41%
Q2 FY2027+2.0pp

Remaining Performance Obligations (RPO)

23 quarters
$7.4K
Q2 FY2027-4.8%

Free Cash Flow

21 quarters
$561.00
Q2 FY2027-36.0%

Billings

19 quarters
$1.9K
Q2 FY2027+9.8%

Deferred Revenue

15 quarters
$4.3K
Q2 FY2027-100.0%

Current RPO

12 quarters
$5.2K
Q2 FY2027-2.6%

Management outlook

Given with Q2 FY2027 results (Jul 2026)
ReportedGuidance

Guided revenue, Q3 FY2027$2.125B – $2.140B
Midpoint$2.132B
Growth vs Q2 FY2027+4.2%
Growth vs Q3 FY2026+15.1%
Q3 FY27
GAAP EPS$1.57 - $1.87
Non-GAAP EPS$3.04 - $3.09
Cost of revenueIncrease
Marketing and salesIncrease
Research and developmentIncrease
General and administrativeIncrease
Amortization of purchased intangiblesIncrease
Restructuring, other exit costs, and facility reductionsFlat
FY27
Billings$8,575 - $8,650
Revenue$8,295 - $8,345
GAAP operating margin25% - 27%
Non-GAAP operating margin39%
GAAP EPS$7.89 - $8.72
Non-GAAP EPS$12.52 - $12.60
Free cash flow$2,725 - $2,750

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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