ADBE Q3 2026 Earnings

Call Details

• Call Title: Adobe Q3 2026 Earnings Call
• Date: September 10, 2026 at 9:00 PM UTC
• Management Team:
  • Doug Clark (Vice President of Investor Relations)
  • Shantanu Narayen (Chair and Chief Executive Officer)
  • Anil Chakravarthy (President of Customer Orchestration)
  • Steve Day (Senior Vice President and Interim Chief Financial Officer)

Call Summary

Financial Performance

• Total revenue for Q3 was $6.76B, representing 12% year-over-year growth on a constant currency basis and 13% as reported according to prepared remarks.
• Diluted GAAP earnings per share for Q3 were $4.62 and non-GAAP earnings per share were $6.13, representing 11% and 15% year-over-year growth respectively as reported on the call.
• Total customer group subscription revenue exited Q3 at $6.56B, growing 14% year-over-year or 13% in constant currency as stated on the call.
• Total Adobe ending ARR was $27.5B, growing 11.2% year-over-year versus the prior-year quarter according to the CFO's prepared remarks.
• RPO exited Q3 at $22.16B, growing 8% year-over-year, and CRPO grew 9% year-over-year as reported by the company.
• Cash flow from operations for Q3 was a record $2.52B and ending cash and short-term investments were $5.64B at quarter end.
• The company repurchased approximately 9.5 million shares during the quarter and reported full utilization of the March 2024 authorization.

ARR / Recurring Revenue Growth

• Total Adobe ending ARR was reported at $27.5B, representing 11.2% year-over-year growth versus the FY26 beginning book of business of $25.66B.
• AI-first ending ARR was reported as exceeding $650M and growing more than 150% year-over-year, per the CEO's remarks.
• Firefly ending ARR across Firefly apps and Firefly credit packs grew 40% quarter-over-quarter, as stated on the call.
• Ending ARR growth for Adobe Experience Manager, Agentic Web Apps, Adobe Gen Studio, and Adobe Experience Platform and Apps was stated as greater than 20% year-over-year for each solution.
• Net new ARR was referenced by an analyst as being down approximately 36-37% year-over-year, but company-level quantification or reconciliation was not provided in the prepared remarks.
• The company reiterated FY26 total Adobe Ending ARR book of business growth guidance of 10.2% year-over-year versus the FY26 beginning book of business.