Adobe is set to release its fiscal Q3 2026 financial results today. Wall Street analysts project revenue of approximately $6,69 billion and non-GAAP earnings per share of about $6,08. The company's own guidance forecasts revenue between $6,67 billion and $6,72 billion, with EPS ranging from $6,05 to $6,10.
The company reported that its AI-first annual recurring revenue exceeded $500 million in Q2, marking a threefold increase compared to the previous year. Specifically, the Firefly generative AI suite is nearing $300 million in ARR. Meanwhile, monthly active users for Creative Cloud reached approximately 90 million in Q2, representing a 50% year-over-year growth.
Adobe recently announced a leadership transition scheduled for December 1, 2026. Shantanu Narayen, who has led the firm for nearly two decades, will move to the role of Executive Chair. Anil Chakravarthy, currently head of the digital experience business, will assume the positions of President and CEO.
In the previous quarter, Adobe achieved record revenue of $6,62 billion, a 13% increase year-over-year. The company also reported non-GAAP EPS of $5,96, which exceeded analyst expectations. The current focus remains on whether AI-driven growth momentum will persist during the upcoming executive changes.
