Earnings Data
Report Date
Sep 10, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
5.3Last Year’s EPS
4.66Same Quarter Last Year
Based on 25 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operating and financial positives — record revenue, ARR growth, large MAU and traffic gains, rapid AI‑first and Firefly ARR traction, sizable SEMrush acquisition, and healthy cash flow and buybacks. Management also articulated a strategic pivot to aggressively grow freemium MAU to capture the AI‑driven opportunity. That pivot and the decision to defer Creative Cloud pricing/line optimizations create an explicit near‑term ARR headwind, plus a small non‑cash impairment and leadership transitions add short‑term risk. On balance, the fundamental business momentum, AI traction, and raised financial targets outweigh the near‑term trade‑offs and risks.Company Guidance
Record Revenue and EPS Growth
Q2 revenue of $6.62 billion, up 11% year‑over‑year (13% as reported). GAAP EPS of $4.25 (+8% YoY) and non‑GAAP EPS of $5.96 (+18% YoY). Management cited record top‑line revenue and disciplined investments as drivers of EPS growth.
Strong ARR and Subscription Momentum
Total ending ARR of $27.1 billion, up 12.5% year‑over‑year (includes ~ $480M from SEMrush). Total customer group subscription revenue $6.39 billion, up 14% YoY (12% constant currency). RPO/CRPO exited at $22.27 billion, both up ~13% YoY.
Rapid Growth in AI‑First and Firefly ARR
Adobe reported AI‑first ARR grew approximately 3x year‑over‑year to greater than $500 million. Firefly ARR grew ~50% quarter‑over‑quarter and Firefly ending ARR is approaching $300 million exiting Q2.
Large MAU and Traffic Expansion
Acrobat and Express MAU rose from >700 million to >850 million year‑over‑year (~20% growth). Creative freemium MAU increased from ~50 million to ~90 million YoY (management cited ~70%+ YoY). Adobe.com traffic showed strong increases: business and consumer traffic +35% YoY, while overall creativity/productivity traffic referenced +40% to +50% YoY in segments.
Enterprise Product and Adoption Strength
GenStudio ARR grew >25% YoY. AEP and native apps subscription revenue grew >30% YoY. AEP scale metrics: ~70 billion profile activations and ~35 trillion segment evaluations per day, and >1 trillion experiences delivered per year. Over 80% of AEP/AEM customers using agentic capabilities; 1.5k customer trials for agentic web offerings.
Strategic Acquisition — SEMrush
Closed SEMrush acquisition in April; SEMrush contributed ~ $480 million ARR to Adobe's book of business. Company plans to integrate SEMrush for brand visibility and generative SEO capabilities (announcements planned at Cannes).
Financial Strength and Capital Allocation
Operating cash flow of $2.17 billion in the quarter; cash and short‑term investments of $5.63 billion. Repurchased ~8.5 million shares in Q2 and reported ~$27 billion remaining under authorizations (includes new $25 billion authorization announced in April).
Raised Full‑Year Revenue and Non‑GAAP EPS Targets
Given strong first‑half performance and SEMrush inclusion, management raised FY26 revenue and non‑GAAP EPS targets. FY revenue target set at $20.5–20.6 billion and non‑GAAP EPS target set at $24.35–24.45.
IT:1ADBE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IT:1ADBE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 11, 2026 | €193.34 | €175.22 | -9.37% |
Mar 12, 2026 | €234.85 | €222.95 | -5.07% |
Dec 10, 2025 | €295.60 | €294.50 | -0.37% |
Aug 29, 2025 | €304.05 | €306.80 | +0.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Adobe Systems Incorporated (IT:1ADBE) report earnings?
Adobe Systems Incorporated (IT:1ADBE) is schdueled to report earning on Sep 10, 2026, After Close (Confirmed).
What is Adobe Systems Incorporated (IT:1ADBE) earnings time?
Adobe Systems Incorporated (IT:1ADBE) earnings time is at Sep 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Adobe Systems Incorporated stock?
The P/E ratio of Adobe is N/A.
What is IT:1ADBE EPS forecast?
IT:1ADBE EPS forecast for the fiscal quarter 2026 (Q3) is 5.3.
