olivLaw · US equity research
Autodesk, Inc. ADSK
Services-Prepackaged Software · SIC 7372 · Vertical: Services-Prepackaged Software (SIC 7372)
Autodesk is a global leader in 3D design, engineering and media technology, with revenue of 2046 mn USD in the second quarter of fiscal 2027, up 16% as reported and 14% in constant currency. The company raised its fiscal 2027 revenue guidance to the 8295-8345 mn USD range, including the contribution from the MaintainX acquisition.
At the close of 05 Nov 2026, Autodesk, Inc. (ADSK) stock was 269.16 USD (−0.34% on the day), with market capitalisation 56.3 bn USD, P/E 34.9 on diluted EPS of 7.72 USD over the last 12 months, beta 0.78, 52-week range 187.72–310.25 USD. Latest reported quarter (Q2 2027): revenue of 2.0 bn USD (+16.1% YoY), net income of 492.0 m USD (+57.2% YoY), diluted EPS 2.33 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 68.4
- strong (55–70)
- Bollinger (20, 2)
- 225.05 – 267.80
- above the upper band · %B 1.03 · band width 17.3%
- SMA 50 / 200
- 233.16 / 234.00
- mixed trend
- MACD (12, 26, 9)
- 8.74 / 6.63
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +16.4% | −5.9% | +22.3 pp | — |
| 3 months | +11.0% | −4.6% | +15.6 pp | — |
| 6 months | +7.2% | +0.2% | +7.0 pp | — |
| Year to date | −9.1% | +7.4% | −16.5 pp | — |
| 1 year | −10.6% | +8.2% | −18.8 pp | −2.7% |
| 3 years | +33.3% | +68.4% | −35.2 pp | +22.4% |
| 5 years | −17.1% | +56.5% | −73.6 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 31 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6 bn | 1.6 bn | 1.6 bn | 1.8 bn | 1.9 bn | 2.0 bn | 1.9 bn | 2.0 bn |
| Cost of revenue | 147.0 m | 154.0 m | 160.0 m | 159.0 m | 165.0 m | 166.0 m | 175.0 m | 176.0 m |
| Gross profit | 1.4 bn | 1.5 bn | 1.5 bn | 1.6 bn | 1.7 bn | 1.8 bn | 1.8 bn | 1.9 bn |
| Research & development | 378.0 m | 393.0 m | 394.0 m | 413.0 m | 416.0 m | 420.0 m | 421.0 m | 464.0 m |
| Operating income | 346.0 m | 366.0 m | 233.0 m | 444.0 m | 470.0 m | 431.0 m | 541.0 m | 599.0 m |
| Depreciation & amortisation | 48.0 m | 46.0 m | 48.0 m | 47.0 m | 50.0 m | 50.0 m | 51.0 m | 50.0 m ≈ |
| Interest expense | 18.0 m | 17.0 m | 18.0 m | 19.0 m | 22.0 m | 21.0 m | 21.0 m | — |
| Pre-tax income | 351.0 m | 372.0 m | 234.0 m | 456.0 m | 468.0 m | 445.0 m | 599.0 m | 593.0 m |
| Income tax | 76.0 m | 69.0 m | 82.0 m | 143.0 m | 125.0 m | 129.0 m | 108.0 m | 101.0 m |
| Net income | 275.0 m | 303.0 m | 152.0 m | 313.0 m | 343.0 m | 316.0 m | 491.0 m | 492.0 m |
| Diluted EPS | 1.27 | 1.40 ≈ | 0.70 | 1.46 | 1.60 | 1.47 ≈ | 2.32 | 2.33 |
| Operating cash flow | 209.0 m ≈ | 692.0 m | 564.0 m | 460.0 m ≈ | 439.0 m ≈ | 989.0 m | 893.0 m | 575.0 m ≈ |
| Capex | 10.0 m ≈ | 14.0 m | 8.0 m | 9.0 m ≈ | 9.0 m ≈ | 17.0 m | 17.0 m | 14.0 m ≈ |
| Share repurchases | 323.0 m ≈ | 409.0 m | 354.0 m | 358.0 m ≈ | 359.0 m ≈ | 331.0 m | 448.0 m | 453.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 7 percentile of its own 29-quarter history (min 30.3, median 58.4, max 624.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.6 bn | 3.3 bn | 3.8 bn | 4.4 bn | 5.0 bn | 5.5 bn | 6.1 bn | 7.2 bn |
| Revenue YoY | +25.0% | +27.4% | +15.7% | +15.7% | +14.1% | +9.8% | +11.5% | +17.5% |
| Net income | -80.8 m | 214.5 m | 1.2 bn | 497.0 m | 823.0 m | 906.0 m | 1.1 bn | 1.1 bn |
| Net income YoY | unavailable | unavailable | +463.2% | −58.9% | +65.6% | +10.1% | +22.7% | +1.1% |
| Diluted EPS | -0.37 | 0.96 | 5.44 | 2.24 | 3.78 | 4.19 | 5.12 | 5.23 |
| Diluted EPS YoY | unavailable | unavailable | +466.7% | −58.8% | +68.7% | +10.8% | +22.2% | +2.1% |
| net % | -3.1% | 6.6% | 31.9% | 11.3% | 16.4% | 16.5% | 18.1% | 15.6% |
| Free cash flow | 310.1 m | 1.4 bn | 1.3 bn | 1.5 bn | 2.0 bn | 1.3 bn | 1.6 bn | 2.4 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 Jan 2026
- Cash
- 2.2 bn USD
- Financial debt
- 2.5 bn USD
- Net debt
- 251.0 m USD
- Equity
- 3.0 bn USD
- Total assets
- 12.5 bn USD
- Debt / equity
- 0.82x
- Current ratio
- 0.85x
- ROE
- 39.7%
- ROA
- 9.6%
- FCF margin
- 33.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 3.8 bn | 4.4 bn | 5.0 bn | 5.5 bn | 6.1 bn | 7.2 bn | SEC (XBRL)· 03 Mar 2026verified |
| Cost of revenue | 337.0 m | 418.0 m | 480.0 m | 511.0 m | 578.0 m | 650.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Gross profit | 3.5 bn | 4.0 bn | 4.5 bn | 5.0 bn | 5.6 bn | 6.6 bn | SEC (XBRL)· 03 Mar 2026verified |
| Research & development | 932.0 m | 1.1 bn | 1.2 bn | 1.4 bn | 1.5 bn | 1.6 bn | SEC (XBRL)· 03 Mar 2026verified |
| Operating income | 629.0 m | 618.0 m | 989.0 m | 1.1 bn | 1.4 bn | 1.6 bn | SEC (XBRL)· 03 Mar 2026verified |
| Depreciation & amortisation | 124.0 m | 148.0 m | 150.0 m | 139.0 m | 180.0 m | 195.0 m | SEC (XBRL)· 03 Mar 2026verified |
| EBITDA | 753.0 m ≈ | 766.0 m ≈ | 1.1 bn ≈ | 1.3 bn ≈ | 1.5 bn ≈ | 1.8 bn ≈ | SEC (XBRL)· 03 Mar 2026derived |
| Interest expense | — | — | 83.0 m | 71.0 m | 71.0 m | 80.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Pre-tax income | 547.0 m | 565.0 m | 946.0 m | 1.1 bn | 1.4 bn | 1.6 bn | SEC (XBRL)· 03 Mar 2026verified |
| Income tax | -661.0 m | 68.0 m | 123.0 m | 230.0 m | 272.0 m | 479.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Net income | 1.2 bn | 497.0 m | 823.0 m | 906.0 m | 1.1 bn | 1.1 bn | SEC (XBRL)· 03 Mar 2026verified |
| Diluted EPS | 5.44 | 2.24 | 3.78 | 4.19 | 5.12 | 5.23 | SEC (XBRL)· 03 Mar 2026verified |
| Weighted average diluted shares | 222.0 m | 222.0 m | 218.0 m | 216.0 m | 217.0 m | 215.0 m | SEC (XBRL)· 03 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.8 bn | 1.5 bn | 1.9 bn | 1.9 bn | 1.6 bn | 2.2 bn | SEC (XBRL)· 03 Mar 2026verified |
| Receivables | 643.1 m | 716.0 m | 961.0 m | 876.0 m | 1.0 bn | 1.4 bn | SEC (XBRL)· 03 Mar 2026verified |
| Current assets | 2.6 bn | 2.8 bn | 3.3 bn | 3.6 bn | 3.5 bn | 4.9 bn | SEC (XBRL)· 03 Mar 2026verified |
| Property, plant & equipment, net | 192.8 m | 162.0 m | 144.0 m | 121.0 m | 117.0 m | 121.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Goodwill | 2.7 bn | 3.6 bn | 3.6 bn | 3.7 bn | 4.2 bn | 4.3 bn | SEC (XBRL)· 03 Mar 2026verified |
| Intangibles (excl. goodwill) | 199.3 m | 494.0 m | 407.0 m | 406.0 m | 574.0 m | 467.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Total assets | 7.3 bn | 8.6 bn | 9.4 bn | 9.9 bn | 10.8 bn | 12.5 bn | SEC (XBRL)· 03 Mar 2026verified |
| Accounts payable | 122.5 m | 121.0 m | 102.0 m | 100.0 m | 242.0 m | 422.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Short-term debt | — | — | — | — | — | 0 | SEC (XBRL)· 28 Aug 2026verified |
| Long-term debt | 1.7 bn | 2.7 bn | 2.3 bn | 2.3 bn | 2.3 bn | 2.5 bn | SEC (XBRL)· 03 Mar 2026verified |
| Current liabilities | 3.3 bn | 4.0 bn | 4.0 bn | 4.4 bn | 5.2 bn | 5.8 bn | SEC (XBRL)· 03 Mar 2026verified |
| Equity | 965.0 m † | 849.0 m † | 1.1 bn † | 1.9 bn † | 2.6 bn † | 3.0 bn † | SEC (XBRL)· 03 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.4 bn | 1.5 bn | 2.1 bn | 1.3 bn | 1.6 bn | 2.5 bn | SEC (XBRL)· 03 Mar 2026verified |
| Capex | 91.0 m | 56.0 m | 40.0 m | 31.0 m | 40.0 m | 43.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Free cash flow | 1.3 bn ≈ | 1.5 bn ≈ | 2.0 bn ≈ | 1.3 bn ≈ | 1.6 bn ≈ | 2.4 bn ≈ | SEC (XBRL)· 03 Mar 2026derived |
| Investing cash flow | -404.0 m | -1.6 bn | -143.0 m | -502.0 m | -903.0 m | -451.0 m | SEC (XBRL)· 03 Mar 2026verified |
| Financing cash flow | -1.0 bn | -169.0 m | -1.5 bn | -852.0 m | -987.0 m | -1.4 bn | SEC (XBRL)· 03 Mar 2026verified |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | — | SEC (XBRL)· 06 Mar 2025verified |
| Share repurchases | 552.0 m | 1.1 bn | 1.1 bn | 795.0 m | 852.0 m | 1.4 bn | SEC (XBRL)· 03 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 69 / 100
A scoring methodology on indicators and valuation, not investment advice.
(margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 56.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Quality92
- Growth54
- Balance sheet52
- Returns80
- Valuation67
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 123.50 – 354.55 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)229.43 – 354.55 (Mid 277.71)WACC 9.0% · starting FCFF 2.9 bn USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 11.5%
- Peers: EV/Sales175.73 – 261.87 (Mid 209.55)10 companies used · median multiple 5.5x · quartiles 4.6x – 6.9xADBE, CRM, INTU, NOW, PTC, RBLX, SNPS, SSNC, TTWO, TWLO
- Peers: EV/EBITDA123.50 – 227.40 (Mid 198.48)5 companies used · median multiple 18.2x · quartiles 11.2x – 20.9xADBE, CRM, PTC, SNPS, SSNC
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 69/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 91.2% | 100 (on a fixed band) | 11% |
| EBIT margin · Quality | 26.2% | 73 (vs peers) | 9% |
| FCF margin · Quality | 36.4% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | 12.9% | 52 (on a fixed band) | 17% |
| Revenue growth (YoY) · Growth | 17.5% | 59 (vs peers) | 9% |
| Net debt / EBITDA · Balance sheet | -0.3x | 100 (vs peers) | 6% |
| Current ratio · Balance sheet | 0.9x | 3 (on a fixed band) | 6% |
| EV/Sales · Valuation | 7.1x | 42 (vs peers) | 17% |
| FCF yield · Valuation | 5.0% | 100 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 2.8% | 80 (on a fixed band) | 4% |
Score groups
- Balance sheet52/100 · 2/2 factors with a value
- Growth54/100 · 2/2 factors with a value
- Quality92/100 · 3/3 factors with a value
- Returns80/100 · 1/1 factors with a value
- Valuation67/100 · 2/2 factors with a value
Memo
Autodesk, Inc. (ADSK). Latest full fiscal year: 2026; data up to 2026-07-31.
Figures computed from the financial statements: revenue 7.2 bn USD in 2026; YoY growth 17.5%; net margin 21.1%; ROE 53.9%; net debt/EBITDA -0.3x.
The estimated value range is 175.73–261.87 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 209.55 USD, the price of 269.16 USD leaves a potential of -22.1% (value / price − 1) and a margin of safety of -28.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 69/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 91.2%
- EBIT margin: 26.2%
- FCF margin: 36.4%
- Net debt / EBITDA: -0.3x
- FCF yield: 5.0%
- Shareholder yield (distributions): 2.8%
What contradicts it
- Current ratio: 0.9x
- The price is above the estimated value range
Versus the vertical median
Services-Prepackaged Software (SIC 7372) · same industry (4-digit SIC) · compared with 22 companies
Only companies with a capitalisation between 6.7 bn and 426.3 bn (within 8× of the company's); 199 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ORCLOracle Corporation | 348.2 bn | 18.0 | 41.6% | 26.4% | +17.3% | −43% / −1% |
| CRWDCrowdStrike Holdings, Inc. | 222.4 bn | 1,009.8 | 1.3% | 1.1% | +21.7% | +71% / +267% |
| CRMSalesforce, Inc. | 183.0 bn | 20.3 | 19.4% | 22.0% | +9.6% | −4% / −12% |
| NOWServicenow, Inc. | 106.2 bn | 73.5 | 11.8% | 9.4% | +20.9% | −37% / −25% |
| ADBEAdobe Inc. | 95.9 bn | 13.8 | 61.9% | 28.0% | +10.5% | −23% / −60% |
| SNOWSnowflake Inc. | 95.1 bn | — | -48.2% | -20.1% | +29.2% | +7% / +44% |
| INTUIntuit Inc. | 94.8 bn | 21.6 | 23.6% | 21.3% | +13.9% | −44% / −38% |
| CDNSCadence Design Systems, Inc. | 85.4 bn | 61.9 | 22.9% | 22.5% | +14.1% | −0% / +14% |
| SNPSSynopsys Inc | 84.4 bn | 77.8 | 3.7% | 11.4% | +15.1% | +5% / −19% |
| ADSKAutodesk, Inc. | 56.3 bn | 34.9 | 53.9% | 21.1% | +17.5% | −11% / +33% |
| VEEVVeeva Systems Inc. | 50.2 bn | 50.7 | 14.4% | 29.3% | +16.3% | +29% / +78% |
| TTWOTake-Two Interactive Software, Inc. | 39.9 bn | — | -9.0% | -4.8% | +18.2% | −13% / +35% |
| RBLXRoblox Corporation | 34.1 bn | — | -478.2% | -16.5% | +35.8% | −50% / +21% |
| TWLOTwilio Inc. | 31.1 bn | 25.2 | 14.9% | 21.8% | +13.7% | +55% / +211% |
| MDBMongodb, Inc. | 24.5 bn | 416.6 | 2.0% | 2.1% | +22.8% | −8% / −27% |
| UUnity Software Inc. | 21.7 bn | — | -10.5% | -15.6% | +2.0% | +15% / +65% |
| PTCPTC Inc. | 21.1 bn | 18.9 | 35.1% | 41.4% | +19.2% | +11% / +24% |
| SSNCSs&C Technologies Holdings, Inc. | 18.4 bn | 22.5 | 12.7% | 13.2% | +6.6% | −9% / +39% |
| TYLTyler Technologies, Inc. | 17.1 bn | 54.2 | 10.5% | 13.5% | +9.1% | −8% / +5% |
| NTNXNutanix, Inc. | 15.8 bn | 11.3 | 37,460.2% | 52.8% | +12.4% | +22% / +36% |
| DOCUDocusign, Inc. | 14.8 bn | 48.1 | 17.8% | 9.8% | +8.2% | +14% / +83% |
| GWREGuidewire Software, Inc. | 13.7 bn | 102.7 | 10.5% | 9.4% | +22.7% | −23% / +67% |
| DTDynatrace, Inc. | 12.5 bn | 81.2 | 6.4% | 7.4% | +18.8% | −2% / −18% |
1- and 3-year price returns: for ADSK from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 175.61 Total return -35% · Per year -35% | 309.31 Total return 15% · Per year 15% | 464.32 Total return 73% · Per year 73% |
| 3 years | 200.49 Total return -26% · Per year -9% | 394.39 Total return 47% · Per year 14% | 645.63 Total return 140% · Per year 34% |
| 5 years | 228.90 Total return -15% · Per year -3% | 502.86 Total return 87% · Per year 13% | 897.72 Total return 234% · Per year 27% |
- Exit P/E± 98.60
- Net margin± 69.02
- Annual revenue growth± 52.42
- Annual dilution± 5.80
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Autodesk is a global leader in 3D design, engineering and media technology, with revenue of 2046 mn USD in the second quarter of fiscal 2027 3, up 16% as reported and 14% in constant currency 3. The company raised its fiscal 2027 revenue guidance to the 8295-8345 mn USD range 3, including the contribution from the MaintainX acquisition.
SWOT
Strengths
Weaknesses
- Reliance on a small number of solutions, including AutoCAD-based products, concentrates risk 1.
- Dependence on a single main distributor has declined, but the indirect channel remains important for some customers 1.
- The transition to annual billing and reduced multi-year discounts are slowing growth in some billing indicators 3.
Opportunities
Risks
- Acceptance of new productshigh
Developing new features and business models does not guarantee customer acceptance, and investments may not recover their costs 1.
- Intense competitionhigh
Competitors with more resources or new technologies could reduce prices, margins and market share 1.
- Economic and political conditionsmedium
A recession or trade tensions could lead customers to delay technology purchases 13.
- Integration of acquisitionsmedium
Integrating MaintainX and other companies can be costly and may affect margins, as the company warns 13.
- Security and regulationmedium
Security incidents, privacy requirements and export controls could generate costs or liabilities 1.
Investment thesis
What would need to be true (bull case)
- Revenue growth and raised fiscal 2027 guidance suggest demand remains solid, if the trend continues 3.
- The subscription model and cloud platform can generate recurring revenue and strengthen the company's long-term position 1.
- Investments in AI and the platform could create new revenue streams if customers adopt them widely 2.
What to watch
- Third-quarter results and revenue guidanceQ3 2027
- Development of billings and unbilled deferred revenue after the shift to annual billing2027
- Adoption of AI features and the new transaction model2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Autodesk develops software for design, engineering, construction, manufacturing, media and entertainment, with products such as AutoCAD, Revit, Fusion and Maya 1. Customers use these tools to visualize and simulate the performance of buildings and products before they are built 1.
Products are sold through direct and indirect channels, and in fiscal 2026 about 37% of revenue came from indirect channel sales through distributors and resellers 1. Under a new transaction model, Solution Providers issue quotes, but the transaction takes place directly between Autodesk and the customer 1.
Revenue is largely recurring, coming from subscriptions and cloud services 1. The MaintainX acquisition extends the platform into maintenance and asset management, complementing design and construction solutions 2.
Market context
Autodesk operates in construction, engineering, manufacturing and media, where demand depends on economic cycles and government spending 1. The company notes that demand could decline if economic growth slows in the countries where it operates 1.
The market is competitive with low barriers to entry, and the shift to subscriptions and cloud has lowered barriers for newcomers 1. Recent revenue growth suggests the product strategy has traction, though results remain sensitive to macroeconomic conditions 3.
Trends
- Artificial intelligencemixed
Autodesk invests in AI to automate and analyze customer workflows, and its guidance emphasizes AI within the platform strategy 23. Adoption of AI could open new opportunities, but if the technology is not accepted or does not work as expected, the business could be affected 1.
- Transition to annual billing for multi-year contractsheadwind
The shift to annual billing for multi-year contracts has affected the timing of billings and cash collections in fiscal 2026 and could continue into fiscal 2027 1. Reducing multi-year discounts helps price realization over time but slows growth in unbilled deferred revenue 3.
- Move to cloud and subscriptionsmixed
The industry shift from perpetual licenses and on-premises software to subscriptions and cloud is a long-running trend that can grow recurring revenue 1. The same trend lowers entry barriers and can make competition more intense 1.
- Macroeconomic and trade uncertaintyheadwind
Tariffs, trade wars and geopolitical tensions have created uncertainty in the global economy, which could reduce customer spending on technology 13. Currency volatility affects reported results 3.
Competitive position
The design software market has low barriers to entry, and some competitors have greater financial, technical and marketing resources than Autodesk 1. Competition could intensify, which could lead to price reductions and loss of market share 1.
Autodesk also faces the risk that new technologies, such as machine learning, could alter the market for its products in unpredictable ways 1. Consolidation among companies with complementary offerings is a further source of pressure 1.
- Design and engineering software competitors
The sources refer to competitors with greater resources without naming them; no specific ticker is given.
- New entrants with innovative technologies
Newcomers using cloud and AI are cited as a general competitive pressure.
- Consolidated companies with complementary offerings
Consolidation among firms with complementary technologies is identified as a competitive risk, without names in the sources.
- AI and cloud technology providers
Providers of AI models and cloud infrastructure may influence demand for Autodesk products, as the risks describe.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report10 Sept 2026Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
- Quarterly report28 Aug 2026
- Current report27 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report03 Aug 2026Other events
- Current report13 Jul 2026Other events
- Current report18 Jun 2026Amendments to articles or bylaws · Shareholder vote · Financial statements and exhibits
- Current report15 Jun 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report29 May 2026
- Current report28 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report28 May 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-01-31 · SEC / Autodesk, Inc. · 03 Mar 2026
- [2] Form 10-Q, quarter ended 2026-07-31 · SEC / Autodesk, Inc. · 28 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Autodesk, Inc. · 27 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.