Autodesk, Inc. (ADSK) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Autodesk, Inc. surfaced in its latest filing.

• Entered into a definitive merger agreement on May 28, 2026 to acquire MaintainX, Inc.May 28, 2026
• Since March 2025, the United States has imposed additional Section 232 tariffs on various commodities.March 2025
• Between February 2025 and February 2026, the United States placed additional fentanyl-related tariffs on most goods from China, Canada and Mexico; and between April 2025 and February 2026 placed additional reciprocal tariffs on most imports from U.S. trading partners under IEEPA.February 2025 to February 2026
• Additional U.S. tariffs implemented under IEEPA were rescinded on February 24, 2026, following a Supreme Court decision invalidating the use of IEEPA to authorize these tariffs.February 24, 2026
• Beginning February 24, 2026, the U.S. government implemented a new global temporary import surcharge of 10% on many of the same products affected by the prior reciprocal tariffs under Section 122 of the Trade Act of 1974.February 24, 2026
• Initiated the 2026 Plan in Q1 fiscal 2026 to optimize go-to-market and reallocate to cloud, platform, and AI.Q1 fiscal 2026
• Initiated the January 2026 Plan in Q4 fiscal 2026 as the final phase of sales and marketing optimization.Q4 fiscal 2026
• The European Union’s Artificial Intelligence Act was approved by the European Council on February 2, 2024 and the European Parliament on March 13, 2024.February 2, 2024 and March 13, 2024
• Autodesk and certain of its current and former executives and directors have been named as defendants in ongoing shareholder lawsuits, including federal securities class action litigation related to an announced internal investigation into free cash flow and non-GAAP operating margin practices.
• Outstanding indebtedness in an aggregate principal amount of $2.50 billion under notes due from June 2027 to June 2035.
• 2025 Credit Agreement providing an unsecured revolving loan facility of up to $1.5 billion, with an option to increase to $2 billion.2025
• Shift to named-user plans and annual billing of multi-year contracts impacted the timing of billings and cash collections in fiscal year 2024, 2025 and 2026 and is expected to continue into fiscal year 2027.