Adobe Fiscal Year 2026 Q3 Results:
Revenue reached $6.76 billion, a 13% year-over-year increase; adjusted EPS was $6.13.
Adobe's total Annual Recurring Revenue (ARR) amounted to $27.5 billion.
Cash flow from operations hit a record high of $2.52 billion.
Remaining Performance Obligations (RPO) stood at $22.16 billion, with current Remaining Performance Obligations (cRPO) accounting for 67%.
Highlights of the Customer Segment in Fiscal Year 2026 Q3
Total subscription revenue from the Customer Group was $6.56 billion, up 14% year-over-year, or 13% on a constant-currency basis.
Subscription revenue from business professionals and consumers totaled $1.91 billion, a 16% year-over-year increase, or 15% on a constant-currency basis.
Subscription revenue from creative and marketing professionals reached $4.65 billion, up 13% year-over-year, or 12% on a constant-currency basis.
Q4 Outlook:
Shantanu Narayen, Chairman and CEO of Adobe, stated:
“Adobe’s third-quarter results hit record highs, reflecting our strength in AI innovation and our expanding customer reach and leadership in creativity, productivity, and customer experience. Surpassing one billion monthly active users marks a milestone in Adobe’s history, and I believe Anil will build on this foundation to drive Adobe into a new chapter of growth and innovation in the AI era.”
Steve Davis, Senior Vice President and Interim Chief Financial Officer at Adobe, stated:
“Adobe achieved double-digit growth in both revenue and earnings per share in the third quarter, leading us to raise our full-year revenue and EPS targets. We are expanding our user base through a freemium strategy and deepening engagement with intelligent interactive experiences to achieve long-term sustainable growth.”
Editor/Liam