Slide 1: First quarter Fiscal 2027 earnings
First quarter Fiscal 2027 earnings May 28, 2026
Slide 2: Safe harbor
Safe harbor This presentation contains forward looking statements about revenue, billings, free cash flow, operating margin, EPS, products, future performance, financial and otherwise, and strategy, including statements regarding our progress on our key priorities, business models, guidance for the
Slide 3: Q1 FY27 financial summary
Q1 FY27 financial summary (In millions, except percentages and per share amounts) Q1 FY27 YoY Change Billings $1,688 18% / 15% in CC(2) Revenue $1,934 18% / 16% in CC(2) GAAP operating margin 28% 14 ppt Non-GAAP operating margin(1) 39% 2 ppt GAAP EPS $2.32 $1.62 Non-GAAP EPS(1) $2.99 $0.70 Cash flow
Slide 4: Q1 FY27 other financial highlights
Q1 FY27 other financial highlights Net revenue by product type, geographic area, and product family (In millions, except percentages) Q1 FY27 YoY Change YoY Change in CC(1) Design $1,612 18% 16% Make $224 25% 24% Other $98 5% 4% (In millions, except percentages) Q1 FY27 YoY Change YoY Change in CC(1
Slide 5: Q1 FY27 other financial highlights
Q1 FY27 other financial highlights (In millions, except percentages) Q1 FY27 YoY Change Deferred revenue $4,457 13% Unbilled deferred revenue $3,351 4% Remaining performance obligations $7,808 9% Current RPO $5,383 18% Above 110%, in constant currency, in part due to NR3 new transaction model Return
Slide 6: Outlook (excludes MaintainX)
Outlook (excludes MaintainX) Q2 FY27 FY27 (In millions, except percentages and per share amounts) (ending July 31, 2026) (ending January 31, 2027) Billings $8,505 - $8,580 y/y growth 9% - 10% y/y growth in CC(3) 9% - 10% y/y growth in CC(3) and adj. for new transaction model 8% - 9% Revenue $2,005 -
Slide 7: Non-GAAP FY27 model expectations (excludes MaintainX)
Non-GAAP FY27 model expectations (excludes MaintainX) INCOME STATEMENT BALANCE SHEET / CASH FLOW • Other revenue growth to be up roughly in line with the prior two • Capital expenditures to be approximately $70 million. years; weighted toward the second half of the year. • Billings slightly more wei
Slide 8: Appendix
Appendix 8
Slide 9: Reconciliation of GAAP financial measures to non-GAAP financial measures
Reconciliation of GAAP financial measures to non-GAAP financial measures (in millions, except per share data) To supplement our condensed consolidated financial statements presented on a GAAP basis, we provide investors with certain non-GAAP measures including non-GAAP operating margin, non-GAAP dil
Slide 10: GAAP to non-GAAP operating margin and diluted EPS reconciliation
Appendix - GAAP to non-GAAP operating margin and diluted EPS reconciliation Three Months Ended April 30, 2026 (Unaudited) GAAP operating margin 28 % Stock-based compensation expense 8% Amortization of purchased intangibles and developed technologies 2% Restructuring and facility-related asset impair
Slide 11: Net cash provided by operating activities to free cash flow reconciliation
Appendix - net cash provided by operating activities to free cash flow reconciliation Three Months Ended April 30, 2026 (Unaudited) Net cash provided by operating activities $ 893 Capital expenditures (17) Free cash flow $ 876 Total may not sum due to rounding 11
Slide 12: Outlook GAAP to non-GAAP diluted EPS reconciliation
Appendix - Outlook GAAP to non-GAAP diluted EPS reconciliation GAAP to non-GAAP diluted earnings per share reconciliation Q2 FY27 Ending July 31, 2026 GAAP earnings per share $1.84 - $1.97 Stock-based compensation expense 0.97 - 0.92 Restructuring and facility-related asset impairments and other (g
Slide 13: Outlook GAAP to non-GAAP operating margin reconciliation
Appendix - Outlook GAAP to non-GAAP operating margin reconciliation GAAP to non-GAAP operating margin reconciliation FY27 Ending January 31, 2027 GAAP operating margin 26% - 28% Stock-based compensation expense 10% - 9% Restructuring and facility-related asset impairments and other (gains) losses 1
Slide 14: Outlook GAAP to non-GAAP diluted EPS reconciliation
Appendix - Outlook GAAP to non-GAAP diluted EPS reconciliation FY27 GAAP to non-GAAP diluted earnings per share reconciliation Ending January 31, 2027 GAAP earnings per share $8.07 - $8.63 Stock-based compensation expense 3.66 - 3.47 Restructuring and facility-related asset impairments and other (g
Slide 15: AUTODESK Make Anything
72 AUTODESK Make Anything