NEW YORK, May 28, 2026, 18:09 (EDT)
- Autodesk dropped over 5% after the bell. Shares finished the regular Nasdaq session up 1.7% at $240.95.
- Fiscal first-quarter revenue came in at $1.93 billion, with adjusted earnings of $2.99 per share. Both figures topped analyst forecasts from LSEG.
- Autodesk said it will acquire MaintainX for roughly $3.6 billion in cash.
Autodesk shares fell after hours Thursday, reversing earlier gains. The design-software maker lifted its annual forecast and said it’s buying MaintainX for $3.6 billion in cash.
The stock ended the session at $240.95, up 1.7%. After the bell, shares slipped to around $228, MarketScreener reported. That’s a drop of about 5% post-close, despite quarterly results topping Wall Street forecasts.
Autodesk is looking to prove demand from its architecture, engineering, and construction customers can steady the ship as investors question a recent sales reorg and debate over the impact of AI on software spend drags on. Jefferies put out a note ahead of earnings calling demand stable, referencing checks from peers like Bentley Systems, Dassault Systèmes, and PTC, all of which pointed to steady design and engineering software results.
Autodesk reported an 18% jump in revenue to $1.93 billion for the quarter ended April 30. Adjusted earnings came in at $2.99 a share. Billings also climbed 18% to $1.69 billion, the company said.
Revenue came in above analysts’ $1.89 billion average estimate and adjusted profit beat the $2.84 a share forecast, LSEG data from Reuters showed. AECO — architecture, engineering, construction and operations — was the company’s best performer, with revenue up 20% to $970 million.
Autodesk raised its 2027 revenue view, now seeing $8.155 billion to $8.215 billion, compared to its previous $8.10 billion to $8.17 billion range. Adjusted EPS also moved up, with the company guiding to $12.40 to $12.65 a share, up from $12.29 to $12.56.
Autodesk CEO Andrew Anagnost said customers want AI supported by “data, context, and expertise,” pointing to the company’s 3D tech as a way to test AI results against real-world conditions. CFO Janesh Moorjani called it “solid execution,” said guidance was raised after a strong first quarter, but noted possible bumps from the sales restructuring. Autodesk, Inc.
MaintainX gives Autodesk another angle. The company said buying MaintainX will get it further into operations workflows, covering asset management, maintenance, inspections, and performance once facilities are running. MaintainX’s annualized recurring revenue is seen topping $135 million for 2026, according to Reuters.
Autodesk plans to use cash and debt to pay for the deal and sees it closing before the end of this fiscal year. CEO Anagnost said the goal is to add “deep operational expertise” and tie customer digital and physical operations together. MarketScreener
Autodesk says the outlook has plenty of risks. The company pointed to possible issues with the MaintainX deal, customer uptake on its new releases, rivals, currency swings, bigger economic worries, AI-driven shifts and how well recent sales and marketing tweaks work out. Picking up another company with both cash and debt now puts Autodesk in the position of having to prove it can pull off another integration, just as investors are quick to react to any signs of weaker billings or spending going up.
S&P 500 ended Thursday up 0.58% and Nasdaq was up 0.91%. Autodesk didn’t follow the trend, dropping late after its packed earnings and deal update. The move didn’t match the broader market action.
