Autodesk reported Q1 revenue of $1.93 billion, exceeding the FactSet estimate of $1.89 billion. The company issued fiscal 2027 guidance with adjusted EPS projected between $12.40 and $12.65. Autodesk plans to acquire MaintainX for $3.6 billion to advance its unified platform in operations. Despite the positive performance, Autodesk's stock price declined after the earnings announcement, and the price target has been adjusted to $305, indicating a potential 26.6% upside. CEO Andrew Anagnost plans to leverage data, context, and expertise to create AI that produces accurate outputs.
