Q3 2026 Adobe Inc Earnings Call Transcript
Key Points
- Adobe Inc (ADBE) reported record Q3 revenue of $6.76 billion, up 12% year-over-year, with non-GAAP EPS growing 15% to $6.13.
- Monthly active users surpassed 1 billion, growing over 20% year-over-year, with creative freemium MAU crossing 100 million, up over 70% year-over-year.
- AI-first ending ARR exceeded $650 million, growing more than 150% year-over-year, and Firefly ending ARR grew 40% quarter-over-quarter.
- Adobe Inc (ADBE) raised full-year revenue and EPS targets, demonstrating confidence in its strategy and execution.
- Strong enterprise adoption with notable customer wins including Amazon, Disney, Honeywell, and T-Mobile, and over 1,700 customers using CX Enterprise Coworker.
- RPO growth slowed to 8% year-over-year, the first single-digit growth since early fiscal 2023, and declined sequentially.
- Net new ARR declined 36-37% year-over-year, driven by the intentional shift to freemium and deferred pricing initiatives.
- Q4 revenue guidance implies only modest sequential growth in Creative & Marketing Professionals, with FX headwinds impacting the outlook.
- The company deferred Creative Cloud pricing optimizations, which may have provided short-term relief but could impact near-term monetization.
- Macroeconomic conditions and foreign exchange headwinds are expected to continue to pressure results in Q4.
(video playing)
Good day, and welcome to the Q3 FY 2026 Adobe earnings conference call. Todayâs conference is being recorded.
At this time, Iâd like to turn the conference over to Doug Clark, Vice President of Investor Relations. Please go ahead.
Good afternoon, and thank you for joining us. With me on the call today are Shantanu Narayen, Adobeâs Chair and CEO; Anil Chakravarthy, President of [Customer Experience Orchestration]; and Steve Day, Senior Vice President and Interim CFO.
On this call, which is being recorded, we will discuss Adobeâs third-quarter fiscal year 2026 financial results. You can find our press release as well as PDFs of our prepared remarks and financial results on Adobeâs investor relations website.
The information discussed on this call, including our financial targets and product plans, is as of today, September 10, and contains forward-looking statements that involve risk, uncertainty, and assumptions. Actual results may differ
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
