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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Autodesk Establishes $2 Billion Commercial Paper Program
Autodesk has launched an unsecured commercial paper program that allows the company to issue notes with maturities up to 365 days, with a maximum outstanding amount of $2 billion at any time. The proceeds from these notes are intended for general corporate purposes, including financing a merger agreement announced on May 28, 2026, involving Matterhorn Acquisition Corp. and MaintainX Inc.
As of the current date, Autodesk has not yet issued any notes under this program. The commercial paper program is supported by an existing $2 billion unsecured revolving credit facility. The notes will not be registered under the Securities Act of 1933 and cannot be sold in the U.S. without proper registration or exemption.
linkJul 13, 2026 16:13:32
Autodesk Amends Incorporation and Elects New Board Members
Autodesk, Inc. has filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation, which was approved by stockholders during the 2026 Annual Meeting held on June 17, 2026. This amendment allows for officer exculpation as permitted by Delaware law. Detailed information about the changes is available in Appendix B of the definitive proxy statement filed on May 6, 2026.
During the same Annual Meeting, stockholders elected eleven individuals to the Board of Directors, with each director set to serve for one year or until their successor is elected. Additionally, several proposals were voted on and approved at the meeting, indicating active governance and decision-making within the company.
linkJun 18, 2026 16:02:08
Autodesk Secures $1 Billion Term Loan and Credit Agreement Amendment
Autodesk, Inc. has amended its existing Revolving Credit Agreement and entered into a new Term Loan Credit Agreement with Citibank. The Revolver Amendment updates the terms of the existing credit facility, while the Term Loan Credit Agreement provides for a $1.0 billion unsecured delayed draw term loan, which is intended for funding an acquisition. The term loan matures 364 days after the acquisition closing date and has provisions for voluntary prepayments and mandatory prepayment events based on certain financial activities.
The interest on the term loan will vary based on the Company’s public debt rating, with options for a Base Rate or SOFR rate. Additionally, the Company will incur a quarterly ticking fee based on undrawn commitments under the term loan, which will not begin to accrue until 120 days after the effective date. Both agreements include standard financial covenants and conditions that the Company must adhere to, which could impact its financial flexibility.
linkJun 15, 2026 09:13:39
Autodesk Announces $3.575 Billion Acquisition of MaintainX
Autodesk, Inc. has entered into a definitive agreement to acquire MaintainX, a modern maintenance and operations solution, for approximately $3.575 billion. The acquisition is aimed at enhancing Autodesk's operations capabilities and integrating MaintainX's services into its unified platform, Autodesk Operations Solutions. The transaction will be financed through a combination of cash on hand and debt financing, which may involve new loans or increased commitments under Autodesk's existing credit facilities. The merger is expected to close later this fiscal year, pending regulatory approvals and customary closing conditions.
MaintainX is projected to generate over $135 million in annualized recurring revenue in 2026, with an anticipated growth rate exceeding 50%. The acquisition aligns with Autodesk's strategy to improve operational workflows and leverage data-driven insights to enhance decision-making processes. The deal is also expected to provide Autodesk with valuable data on asset performance and maintenance activities, further expanding its market presence in operations management. Investors are encouraged to monitor Autodesk's investor relations website for updates and additional information regarding the merger.
linkMay 28, 2026 16:12:14
Autodesk Reports 18% Revenue Growth in First Quarter 2027
Autodesk, Inc. reported an 18% increase in revenue for the first fiscal quarter of 2027, totaling $1.93 billion, with a 16% growth on a constant currency basis compared to the previous year. The company is also in the process of acquiring MaintainX, which is expected to enhance its operational platform. Autodesk's CEO emphasized the importance of integrating artificial intelligence with their existing technology to create more accurate outputs in real-world applications.
The CFO noted that the company is raising its fiscal 2027 guidance, reflecting strong business momentum despite potential disruptions from a sales restructuring. Autodesk's product offerings span various sectors, including architecture, engineering, construction, manufacturing, and media. The company encourages investors to monitor its investor relations website for updates and supplemental information regarding its financial performance.
linkMay 28, 2026 16:14:49
Autodesk Nominates New Director Amid Leadership Change
Autodesk, Inc. announced the nomination of Omar Abbosh as a new independent director for election at the upcoming annual meeting, following the retirement of Stephen Milligan, who will not seek re-election. Abbosh, currently the CEO of Pearson, brings extensive experience from leadership roles at Microsoft and Accenture, focusing on technology and business transformation.
Stephen Milligan will continue to serve on the board until the end of his current term, contributing his financial and executive leadership experience. After the annual meeting, Autodesk's Board will maintain 11 directors, with 10 being independent. The details regarding the nomination will be included in Autodesk's proxy materials to be filed with the SEC.
linkApr 24, 2026 16:07:21
Autodesk Reports Fiscal 2026 Fourth Quarter Financial Results
Autodesk, Inc. announced its financial results for the fourth quarter and full fiscal year ended January 31, 2026. The company reported a revenue increase of 19% year-over-year, reaching $1.96 billion. Key performance metrics such as billings, recurring revenue, and net revenue retention rate were highlighted as important indicators of the company’s ongoing business health. Autodesk emphasized the significance of these metrics for investors to monitor the long-term viability of the company.
The release also included non-GAAP financial measures to provide a clearer view of Autodesk's operational performance. These measures exclude various costs such as stock-based compensation and acquisition-related expenses, which management believes do not reflect the core business results. Autodesk encourages investors to consider both GAAP and non-GAAP measures and to review supplementary materials available on its investor relations website for a comprehensive understanding of its financial position.
linkFeb 26, 2026 16:07:03
Autodesk Announces Workforce Reduction and Restructuring Plan
Autodesk has announced a global restructuring plan that will result in a workforce reduction of approximately 7%, translating to around 1,000 employees, primarily within customer-facing sales functions. This action is part of the company's final phase of its sales and marketing optimization strategy, which aims to enhance operational efficiency and align resources with strategic priorities. The company anticipates incurring pre-tax restructuring charges of approximately $135 million to $160 million, mainly related to employee termination benefits, with most costs expected to be realized during fiscal year 2027.
In addition to workforce reductions, Autodesk is reallocating resources to focus on its strategic initiatives, including advancements in AI and industry cloud capabilities. The company expects to exceed its previously provided guidance for the fourth quarter of fiscal year 2026 and the full year across several financial metrics, including revenue and free cash flow. The restructuring plan is set to be completed by the end of the fourth quarter of fiscal year 2027, subject to local laws and consultation requirements.
linkJan 22, 2026 09:00:20
Autodesk Reports 18% Revenue Growth in Third Quarter 2026
Autodesk, Inc. announced its financial results for the third quarter of fiscal 2026, reporting revenue of $1.85 billion, which represents an 18% increase compared to the previous year. The company highlighted strong performance in its Architecture, Engineering, Construction, and Operations (AECO) segment, with billings and up-front revenue exceeding expectations. Autodesk is also raising its full-year guidance based on the current business momentum and stable macroeconomic conditions, despite ongoing uncertainties.
The company utilizes several key performance metrics, including billings, recurring revenue, and net revenue retention rate, to assess its financial health. Autodesk employs non-GAAP financial measures to supplement its financial statements, excluding items such as stock-based compensation and acquisition-related costs, which may not reflect ongoing business performance. Investors are encouraged to review the reconciliation of these non-GAAP measures to GAAP measures for a comprehensive understanding of the company's financial condition.
linkNov 25, 2025 16:03:21
Autodesk Reports 17% Revenue Growth in Q2 Fiscal 2026
Autodesk, Inc. reported a revenue increase of 17% for the second fiscal quarter ended July 31, 2025, amounting to $1.76 billion. This growth was 18% when adjusted for constant currency. The company noted strong performance in its Architecture, Engineering, Construction, and Operations (AECO) sector, driven by investments in data centers and infrastructure. Autodesk also raised its full-year guidance, citing strong business fundamentals and favorable foreign exchange conditions.
The company utilizes various key performance metrics, including billings and net revenue retention rate, to assess its recurring business health. Autodesk employs non-GAAP financial measures to provide additional insights into its operational performance by excluding certain expenses, such as stock-based compensation and acquisition-related costs. The SEC and USAO recently concluded their investigations into Autodesk's financial practices without further action, indicating a resolution of past concerns.
linkAug 28, 2025 16:03:53