Adobe beats Q3 expectations, but Q4 outlook fails to add fresh momentum
📊 Adobe reported Q3 FY2026 revenue of $6.76 billion, up 13% YoY and slightly above estimates of around $6.69–6.70 billion. Non-GAAP EPS came in at $6.13, also modestly beating expectations.
🤖 AI-first ARR exceeded $650 million, rising more than 150% YoY, but still represents only about 2.4% of total ARR of $27.5 billion. MAUs surpassed 1 billion as Adobe continued expanding its user base, particularly through freemium offerings.
📉 Adobe slightly raised its full-year guidance, while Q4 revenue is projected at $6.80–6.85 billion, with the midpoint roughly in line with consensus. The outlook offered little evidence of a sharper growth acceleration.
📌 Adobe shares fell 2.37% during the session and dropped another roughly 1–2% after hours. Attention now turns to whether user and AI growth can translate into stronger ARR.
#Adobe
$ADBE
📊 Adobe reported Q3 FY2026 revenue of $6.76 billion, up 13% YoY and slightly above estimates of around $6.69–6.70 billion. Non-GAAP EPS came in at $6.13, also modestly beating expectations.
🤖 AI-first ARR exceeded $650 million, rising more than 150% YoY, but still represents only about 2.4% of total ARR of $27.5 billion. MAUs surpassed 1 billion as Adobe continued expanding its user base, particularly through freemium offerings.
📉 Adobe slightly raised its full-year guidance, while Q4 revenue is projected at $6.80–6.85 billion, with the midpoint roughly in line with consensus. The outlook offered little evidence of a sharper growth acceleration.
📌 Adobe shares fell 2.37% during the session and dropped another roughly 1–2% after hours. Attention now turns to whether user and AI growth can translate into stronger ARR.
#Adobe
$ADBE
