Earnings Report· 2026-09-10
ADBE
Q3 · 2026After-MarketAdobe Inc.
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
6.13
15.40% YoY
Expected
6.09
Beat
+0.66%
REVENUE
Actual ($)
6.76B
13.00% YoY
Expected
6.70B
Beat
+0.90%
Future Guidance
FY2026 Outlook EPS Guidance
18.14vs 24.41 est
Below Est
-25.69%
FY2026 Outlook Revenue Guidance
26.60Bvs 26.54B est
Above Est
+0.23%
Earning Report
| Metric | Q3 FY2026 | Q3 FY2025 | YoY Change % |
|---|---|---|---|
| Revenue | $6.76B | $5.99B | +13.0% |
| └─Subscription | $6.58B | $5.79B | +13.7% |
| └─Product | $67.00M | $68.00M | -1.5% |
| └─Services and other | $111.00M | $129.00M | -14.0% |
| Net Income | $1.83B | $1.77B | +3.1% |
| GAAP Basic EPS | $4.63 | $4.18 | +10.8% |
| GAAP Diluted EPS | $4.62 | $4.18 | +10.5% |
| Non-GAAP Diluted EPS | $6.13 | $5.31 | +15.4% |
Financial Outlook / Guidance
| Metric | Q4 FY2026 Outlook | FY2026 Outlook |
|---|---|---|
| Total revenue | $6.80B-$6.85B | $26.576B-$26.626B |
| Business Professionals & Consumers subscription revenue | $1.93B-$1.95B | $7.470B-$7.490B |
| Creative & Marketing Professionals subscription revenue | $4.665B-$4.695B | $18.242B-$18.272B |
| Total Adobe ending ARR growth | — | 10.2% YoY |
| GAAP EPS | $4.65-$4.70 | $18.12-$18.17 |
| Non-GAAP EPS | $6.30-$6.35 | $24.45-$24.50 |
| GAAP Operating Margin | 34.0% | 35.0% |
| Non-GAAP Operating Margin | ~44.0% | ~45.0% |
| Diluted Shares | ~389M | ~400M |
Business Highlights
- ➤Adobe AI-first ARR grew more than 150% year over year.
- ➤Adobe surpassed 1 billion monthly active users across creativity and productivity solutions.
- ➤Adobe is expanding its user base through a freemium strategy.
- ➤Adobe is deepening engagement with agentic experiences.
- ➤Adobe repurchased approximately 9.5 million shares during the quarter.
- ➤Adobe positions its platforms and tools around creativity, productivity and personalized customer experiences.
Management Commentary
Shantanu Narayen, chair and CEO, Adobe
“Adobe delivered record Q3 results, reflecting the strength of our AI innovation, expanding customer reach and leadership across creativity, productivity and customer experience.”
Shantanu Narayen, chair and CEO, Adobe
“Reaching a landmark of more than one billion monthly active users is a defining moment for Adobe, and I have confidence that Anil will build on this momentum to drive Adobe's next chapter of growth and innovation in the AI era.”
Steve Day, senior vice president and interim CFO, Adobe
“Adobe delivered double-digit revenue and EPS growth in Q3 and we're raising full year revenue and EPS targets.”
Steve Day, senior vice president and interim CFO, Adobe
“We are expanding our user base through a freemium strategy and deepening engagement with agentic experiences to deliver long-term durable growth.”