Adobe Inc. (ADBE) Earnings Call Transcripts
Adobe Inc.'s Latest Earnings Call - Q3 FY2026
In Q3 FY 2026, Adobe Inc. reported a revenue of $6.76 billion, reflecting a 12% year-over-year growth, and GAAP earnings per share of $4.62, up 11% YoY. The company raised its full-year revenue and EPS guidance, now targeting total revenue of $26.576 billion to $26.626 billion and GAAP EPS of $18.12 to $18.17. The strong performance was driven by robust subscription revenue growth across both Business Professionals and Consumers, and Creative and Marketing Professionals segments, signaling continued demand for Adobe's AI-driven solutions.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $6.76 billion (beat) |
| GAAP EPS | $4.62 (beat) |
| Non-GAAP EPS | $6.13 (beat) |
| Total Subscription Revenue | $6.56 billion (beat) |
| Business Professionals and Consumers Revenue | $1.91 billion (beat) |
| Creative and Marketing Professionals Revenue | $4.65 billion (beat) |
Guidance from management
For Q4 FY 2026, Adobe targets revenue of $6.8 billion to $6.85 billion and GAAP EPS of $4.65 to $4.70. The full-year guidance was raised, reflecting confidence in continued growth across all segments.
What management said
Thanks, Steve. I want to express my deep appreciation to all our employees, customers, partners and investors for the support that they've provided to Adobe during my tenure. Thank you. We will now take your questions.
Yes, Jay. And as it relates to the RPO, you're right, yes, RPO grew 8% year-on-year, the CRPO 9%, and that reflects the continued execution against our strategic initiatives. The growth is consistent with our ARR trends, I would say. It does reflect our focus to accelerate new user acquisitions through the freemium business model. But if you take a step back and look at these trends over the course of a typical year,...
What analysts pressed on
Analysts expressed concerns regarding the deceleration in RPO growth, which was the first single-digit growth since early FY 2023. There were questions about the sustainability of subscription growth and the impact of the freemium strategy on ARR conversion rates.
Main topics on the call
- AI-Driven Growth — Adobe's AI-first strategy is yielding significant results, with AI-driven annual recurring revenue (ARR) exceeding $650 million and growing over 150% YoY. CEO Shantanu Narayen stated, "AI enables us to democratize access...
- Subscription Revenue Performance — Total subscription revenue reached $6.56 billion, growing 14% YoY. Business Professionals and Consumers segment saw revenue of $1.91 billion, up 15% YoY, while Creative and Marketing Professionals generated $4.65 billion...
- User Growth Acceleration — Monthly active users (MAU) surpassed 1 billion, growing over 20% YoY, with Business Professionals and Consumers MAU increasing by over 25%. This growth reflects Adobe's successful user acquisition strategies, particularl...
- Management Transition — Anil Chakravarthy will succeed Shantanu Narayen as CEO on December 1, 2026. Narayen expressed confidence in Chakravarthy's ability to lead Adobe through its next growth phase, stating, "Anil is the right person to chart ...
Read the full Adobe Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Adobe Inc.
Adobe Inc. (ADBE) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 66 calls on record spanning February 12, 2020 to September 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 66 Adobe Inc. earnings call transcripts on record, spanning February 12, 2020 to September 10, 2026. Based on this history, Adobe Inc. reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ADBE
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 66
- First call
- February 12, 2020
- Most recent
- September 10, 2026
- Reporting cadence
- quarterly