NASDAQ$ADSK

Autodesk, Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Autodesk's Q1 2023 results reflected steady execution, industry-leading products and platforms, and resilience through uncertainty.

Autodesk reported strong Q1 2023 results with an 18% increase in total revenue and a 16% increase in billings. GAAP and non-GAAP operating margins expanded, and free cash flow generation was robust. The company's performance was broad-based across products and regions, with continued cost discipline.

  • Total revenue increased 18 percent to $1,170 million.
  • GAAP operating margin was 18 percent, up 4 percentage points.
  • Non-GAAP operating margin was up 6 percentage points to 34 percent.
  • Free cash flow was $422 million.

Headline financials

Total Revenue

$1.17B

Previous: $989M+18.3%
EPS (adj)

$1.43

Previous: $1.03+38.8%
Billings

$1.13B

Previous: $974M+15.9%
GAAP Operating Margin

18.0%

Previous: 14.0%+28.6%
Non-GAAP Operating Margin

34.0%

Previous: 28.0%+21.4%
Capital Expenditures

-$12M

Previous: -$20.3M+40.9%
Free Cash Flow

$422M

Previous: $316M+33.6%
Net Income

$146M

Previous: $156M-6.2%
Operating Income

$214M

Previous: $134M+59.9%
Gross Profit

$1.05B

Previous: $897M+17.5%
Cash & Equivalents

$1.52B

Previous: $923M+64.4%
Total Assets

$8.26B

Previous: $7.3B+13.2%
Stock-Based Comp

$152M

Previous: $116M+31.0%

Revenue & EPS history

Autodesk · Revenue · Quarterly

$1.17B

Q1 2023+18.3%vs Q1 2022
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Autodesk · $639M total across 3 segments · Q1 2023

  • AutoCAD and AutoCAD LT
    $346M
  • MFG
    $225M
  • M&E
    $68M

Forward guidance

Autodesk's business outlook for the second quarter and full-year fiscal 2023 takes into consideration the current economic environment and foreign exchange currency rate environment.

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 2023

Historical avgQ1 2023

-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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