NASDAQ$ADSK

Autodesk, Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Revenue increased driven by acceleration in new business and resilient SaaS model.

Autodesk's Q1 2022 saw a 12% increase in revenue to $989 million. This growth was driven by an acceleration in new business and a resilient subscription business model. The company is raising its FY22 revenue guidance to reflect a partial year contribution from acquisitions and remain on track to achieve our FY23 financial goals.

  • Total revenue increased 12 percent to $989 million.
  • GAAP operating margin was 14 percent, down 1 percentage point.
  • Non-GAAP operating margin remained flat at 28 percent.
  • Free cash flow was $316 million.

Headline financials

Total Revenue

$989M

Previous: $886M+11.7%
EPS (adj)

$1.03

Previous: $0.85+21.2%
Billings

$974M

Previous: $884M+10.2%
GAAP Operating Margin

14.0%

Previous: 15.0%-6.7%
Non-GAAP Operating Margin

28.0%

Previous: 28.0%+0.0%
Capital Expenditures

-$20.3M

Previous: -$19.9M-2.0%
Free Cash Flow

$316M

Previous: $307M+2.7%
Net Income

$156M

Previous: $66.5M+134.0%
Operating Income

$134M

Previous: $131M+2.5%
Gross Profit

$897M

Previous: $804M+11.5%
Cash & Equivalents

$923M

Previous: $1.39B-33.6%
Total Assets

$7.3B

Previous: $5.54B+31.6%
Stock-Based Comp

$116M

Previous: $98.2M+18.1%

Revenue & EPS history

Autodesk · Revenue · Quarterly

$989M

Q1 2022+11.7%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Autodesk · $739M total across 4 segments · Q3 2024

  • AutoCAD and AutoCAD LT
    $372M
  • MFG
    $269M
  • M&E
    $73M
  • Other
    $25M

Forward guidance

Autodesk provided guidance for Q2 2022 and full year fiscal 2022, taking into consideration the current economic environment and foreign exchange currency rate environment.

Tailwinds

  • Second Quarter Fiscal 2022 Revenue (in millions): $1,045 - $1,060
  • Second Quarter Fiscal 2022 EPS GAAP: $0.35 - $0.41
  • Second Quarter Fiscal 2022 EPS non-GAAP: $1.08 - $1.14
  • Full Year Fiscal 2022 Billings (in millions): $4,930 - $5,055
  • Full Year Fiscal 2022 Revenue (in millions): $4,305 - $4,385

Headwinds

  • Second Quarter Fiscal 2022 outlook assumes a projected annual effective tax rate of 16 percent for GAAP and non-GAAP results, respectively.
  • Full Year Fiscal 2022 GAAP operating margin: 14% - 15%
  • Full Year Fiscal 2022 EPS GAAP: $2.14 - $2.44
  • Full Year Fiscal 2022 EPS non-GAAP: $4.67 - $4.97
  • Free cash flow (in millions): $1,575 - $1,650

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-0.1%

Avg return

30 days after

47%

34 / 73 earnings

Positive

+17.0%

Q1 2018

Best reaction

-18.9%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-1.8%+10.5%-1.5%
Q3 2026-3.6%+3.6%+2.1%
Q2 2026+8.9%+10.1%+11.9%
Q1 2026+0.2%+1.4%+0.7%
Q4 2025-2.9%-5.4%-7.3%
Q3 2025-9.0%-8.6%-6.0%
Q2 2025+1.5%+1.3%+6.8%
Q1 2025+2.2%+3.5%+14.0%
Q4 2024+3.7%-3.1%+2.0%
Q3 2024-7.8%-7.4%+10.1%
Q2 2024+4.0%+8.2%+1.7%
Q1 2024+1.1%-0.9%+2.7%
Q4 2023-11.2%-8.3%-7.6%
Q3 2023-4.6%-2.8%-8.9%
Q2 2023+3.1%-3.7%-13.6%
Q1 2023+13.3%+11.4%+3.2%
Q4 2022+5.1%+2.4%+1.5%
Q3 2022-17.3%-18.1%-9.5%
Q2 2022-9.1%-8.1%-13.6%
Q1 2022-2.3%-3.8%-1.3%
Q4 2021-7.7%-7.0%-10.0%
Q3 2021+5.4%+6.0%+17.2%
Q2 2021-1.4%-1.8%-12.2%
Q1 2021+1.6%+9.9%+16.6%
Q4 2020+0.1%-5.3%-25.8%
Q3 2020+6.7%+7.1%+9.1%
Q2 2020-5.2%-3.4%+0.9%
Q1 2020-7.4%-7.4%-1.8%
Q4 2019-2.7%-5.8%-5.1%
Q3 2019+7.4%+5.5%-0.6%
Q2 2019+14.8%+14.5%+11.3%
Q1 2019-4.7%-7.0%-2.0%
Q4 2018+15.8%+17.2%+7.7%
Q3 2018-16.0%-17.8%-19.3%
Q2 2018+3.9%+0.6%+1.0%
Q1 2018+17.0%+20.2%+11.6%
Q4 2017-4.1%-7.7%-2.8%
Q3 2017-3.4%-6.1%-0.3%
Q2 2017+9.0%+7.7%+13.5%
Q1 2017-2.7%
Q4 2016+4.1%
Q3 2016-1.1%
Q2 2016-3.3%
Q1 2016-1.4%
Q4 2015+3.6%
Q3 2015+4.8%
Q2 2015-5.6%
Q1 2015+7.5%
Q4 2014-0.7%
Q3 2014+8.3%
Q2 2014+9.2%
Q1 2014-5.9%
Q4 2013-3.0%
Q3 2013+3.4%
Q2 2013-15.1%
Q1 2013-15.7%
Q4 2012-0.4%
Q3 2012+5.9%
Q2 2012-18.9%
Q1 2012-4.4%
Q4 2011+6.3%
Q3 2011+0.7%
Q2 2011+5.7%
Q1 2011+0.6%
Q4 2008+0.3%
Q4 2010+0.3%
Q3 2010-4.0%
Q3 2009-4.0%
Q2 2010-3.4%
Q2 2009-3.4%
Q4 2009-0.1%
Q1 2010-0.1%
Q1 2009-0.1%

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