Adobe posts record $6.76 billion Q3 revenue, raises full-year targets

Adobe Inc. (Nasdaq: ADBE) reported record revenue of $6.76 billion for the third quarter of fiscal 2026 ended Aug. 28, up 13% year over year, or 12% in constant currency, according to a press release furnished with a Form 8-K on Sept. 10. Diluted earnings per share were $4.62 on a GAAP basis and $6.13 on a non-GAAP basis.

Exiting the quarter, Adobe said annualized recurring revenue was $27.50 billion. GAAP operating income was $2.35 billion and non-GAAP operating income was $2.97 billion. GAAP net income was $1.83 billion and non-GAAP net income was $2.42 billion. Cash flows from operations were a record $2.52 billion for the quarter. Remaining performance obligations were $22.16 billion, with current RPO at 67%. Adobe said it repurchased about 9.5 million shares in the quarter.

Chair and CEO Shantanu Narayen said the quarter reflected AI innovation and expanding customer reach, including a milestone of more than one billion monthly active users across creativity and productivity solutions. The company said Adobe AI-first ARR grew more than 150% year over year. Interim CFO Steve Day said Adobe delivered double-digit revenue and EPS growth and was raising full-year revenue and EPS targets.

Adobe raised FY2026 total revenue targets to $26.576 billion to $26.626 billion and updated GAAP diluted EPS targets to $18.12 to $18.17 and non-GAAP diluted EPS to $24.45 to $24.50. For the fourth quarter, the company targeted revenue of $6.80 billion to $6.85 billion, GAAP EPS of $4.65 to $4.70, and non-GAAP EPS of $6.30 to $6.35.

By the numbers

• Q3 revenue: $6.76 billion (+13% YoY; +12% constant currency)
• Q3 GAAP / non-GAAP diluted EPS: $4.62 / $6.13
• Ending ARR: $27.50 billion
• Q3 operating cash flow: $2.52 billion
• FY2026 revenue target: $26.576–$26.626 billion
• FY2026 GAAP / non-GAAP EPS target: $18.12–$18.17 / $24.45–$24.50

Sources

1. Adobe Inc. Form 8-K / Exhibit 99.1, filed Sept. 10, 2026, accession 0000796343-26-000147

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