Autodesk, Inc.

Company facts

Industry

Services-Prepackaged Software

Headquarters

San Francisco, California

Most recent report

8-K, filed Sep 10, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 769397

Fiscal year ends

January

Filer status

Large accelerated filer

What to read: Jul 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 2 positive, 13 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Full financials and notes: revenue up 16%, net income +57%, acquisition, debt raise.
  Notable

  • Top distributor share dropped to 8% from 16% (Q2) and 18% (H1) in 2025.
  • Raised $1B via commercial paper at 4.17% and $1B term loan for acquisition.
  • Securities class action dismissed with prejudice Jan 2026, but plaintiffs appealed.
  • Acquired MaintainX for $3.53B on Aug 3, financed with debt and cash.

• Management's Discussion (Item 2)

  Revenue and cash flow growth; $3.6B acquisition; new debt.
  Positive

  • Total net revenue up 16% to $2.05B in Q2 FY2027, and 17% to $3.98B in H1 FY2027.
  • Operating cash flow rose to $1.47B from $1.02B for H1 FY2027, a 44% increase.
  Notable

  • Recurring revenue as a % of net revenue dipped from 98% to 97% in Q2 FY2027.
  • Deferred revenue fell 9% from Q4 FY2026 to $4.26B.
  • Current RPO down 4% from Q4 FY2026 to $5.24B.
  • Acquired MaintainX for ~$3.6B net of cash on Aug 3, 2026, after period end.

• Risk Factors (Item 1A)

  Packed with quantified risks: debt, restructuring, litigation, tariff exposure.
  Notable

  • International revenue is 65% of total, flat vs prior year, exposing Autodesk to tariff and geopolitical risks detailed extensively.
  • AutoCAD and AutoCAD LT revenue share fell to 24% from 25% of total net revenue, reflecting a slight product mix shift.
  • Two restructuring plans in fiscal 2026 to optimize go-to-market and reallocate resources to cloud, platform, and AI.
  • Ongoing federal securities class action from internal investigation into free cash flow and non-GAAP margin practices.
  • TD Synnex share dropped sharply from 18% to 8% of total net revenue, reducing distributor concentration.
  Negative

  • Total debt of $4.5B ($2.5B notes, $1B commercial paper, $1B term loan) with covenant compliance, rating downgrade, and refinancing risks.

What changed: Jul 2026 vs. Apr 2026

About 5% of ADSK's Jul 2026 10-Q is new information. 28 paragraphs were added, 170 changed, and 45 removed. Below are the most important lines SECSift identified.

• Item 1 65
• Item 2 54
• Item 1A 31
• Item 5 3
• Item 3 3
• Item 6 1
• Item 4 1