Episode Details

ADSK Stock: BUY Call - Beat & Raise But Fell 4% AH Q1 FY2027 Autodesk delivered a clean beat-and-raise after the close: revenue $1.93B (+18% YoY, +2.1% beat), non-GAAP EPS $2.99 vs $2.84 Street (+5.3%), GAAP operating margin 28% (+730bps YoY), and free cash flow $876M (+58% YoY). Total billings grew 18% and management RAISED full-year FY27 guidance across revenue, EPS and FCF. Yet the stock fell about 4% in after hours, with total RPO growth decelerating to 9% the apparent worry. VERDICT: BUY (Conviction 4/5 STRONG) - Buy below $238 | Reconsider below $210 | Avoid above $320 - Current price $240.95 | AH print ~$231.70 KEY METRICS Q1 FY2027: - Revenue: $1.93B (+18.4% YoY, +2.1% beat) - Non-GAAP EPS: $2.99 vs $2.84 Street (+5.3%) - GAAP EPS: $2.32 | GAAP Op Margin: 28.0% - Non-GAAP Op Margin: 39% - Gross Margin: 91.0% - Free Cash Flow: $876M (+58% YoY, 45% FCF margin) - Total Billings: $1.69B (+18%) | cRPO: $5.38B (+18%) | Total RPO: $7.81B (+9%) GUIDANCE RAISED: - Q2 FY27 Revenue: $2,005-2,015M | Non-GAAP EPS: $3.10-3.14 - FY27 Revenue: $8,155-8,215M (raised) | Billings: $8,505-8,580M - FY27 Non-GAAP EPS: $12.40-12.65 | FCF: $2,725-2,800M CEO Andrew Anagnost: "Our customers need AI that produces outputs accurate in the real world - that requires data, context, and engineering expertise." Charged Alpha rates ADSK a BUY: 18% growth, 28% and rising operating margin, a buyback shrinking the float, all at just 19x forward earnings - the cheapest in the design-software peer group. The 4% dip is an entry, not a thesis break. Not Financial Advice - Informational Only