Adobe Inc. (ADBE) Earnings Call Transcripts
Adobe Inc.'s Latest Earnings Call - Q3 FY2026
In Q3 FY 2026, Adobe Inc. reported revenue of $6.76 billion, reflecting a 12% year-over-year growth, and GAAP earnings per share of $4.62, up 11% year-over-year. The company raised its full-year revenue guidance to a range of $26.576 billion to $26.626 billion, indicating strong performance across its subscription services. Notably, Adobe's AI-driven initiatives are gaining traction, with AI-first annual recurring revenue (ARR) exceeding $650 million and growing more than 150% year-over-year, signaling a robust future growth trajectory.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $6.76 billion |
| GAAP EPS | $4.62 |
| Non-GAAP EPS | $6.13 |
| Ending ARR | $27.5 billion (null) |
| Business Professionals and Consumers Subscription Revenue | $1.91 billion |
| Creative and Marketing Professionals Subscription Revenue | $4.65 billion |
Guidance from management
For Q4 FY 2026, Adobe targets total revenue of $6.8 billion to $6.85 billion and raises full-year revenue guidance to $26.576 billion to $26.626 billion.
What management said
Appreciate that, Steve. I'd like to convey my sincere gratitude to each of our staff members, clients, partners, and shareholders for the backing they have given Adobe throughout the time I have served here. Thank you; at this point we'll open the floor to your questions.
Sure, Jay. Regarding RPO, you're correct — it was up 8% compared with a year earlier, while CRPO rose 9%, which shows we keep carrying out our strategic initiatives. I'd describe that growth as in line with how our ARR has been trending. It also mirrors our determination to speed up adding new users via the freemium model. That said, when you zoom out and examine how things move across a normal year, RPO and CRPO bot...
What analysts pressed on
Analysts expressed concerns regarding the single-digit growth in RPO, marking the first such occurrence since early fiscal '23. There were also inquiries about the impact of the freemium strategy on net new ARR and the timing of potential pricing optimizations.
Main topics on the call
- AI-Driven Revenue Growth — Adobe's AI-first ARR now exceeds $650 million, growing more than 150% year-over-year. CEO Shantanu Narayen emphasized, "AI enables us to democratize access to every creative discipline for everyone from the casual creato...
- Subscription Revenue Performance — Subscription revenue for Business Professionals and Consumers reached $1.91 billion, growing 15% year-over-year. Anil Chakravarthy noted, "Our strategy for Business Professionals and Consumers is to deliver AI-powered ap...
- Creative and Marketing Professionals Growth — Creative and Marketing Professionals subscription revenue was $4.65 billion, growing 12% year-over-year. Chakravarthy stated, "With Firefly, we are making creativity more accessible, intuitive and efficient for creators ...
- User Engagement and MAU Growth — Adobe's monthly active users (MAU) grew over 20% year-over-year, surpassing 1 billion. Narayen highlighted, "It's incredible that these innovations are now used by over 1 billion monthly active users across all businesse...
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 NASDAQ and is based in US. EarningsCalls.dev maintains a full-text archive of its earnings call transcripts — 26 calls on record spanning March 12, 2020 to September 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics. The latest calls are free to read; the full history is available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 Adobe Inc. earnings call transcripts on record, spanning March 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 transcript.
- Ticker
- ADBE
- Exchange
- NASDAQ
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 26
- First call
- March 12, 2020
- Most recent
- September 10, 2026
- Reporting cadence
- quarterly