Adobe Reports Record Q3 Earnings, Raises Full-Year Guidance as AI Initiatives Pay Off
Adobe Inc (NASDAQ:ADBE) reported record third-quarter results that exceeded Wall Street estimates and raised its full-year revenue and profit guidance. The company's push into artificial intelligence tools is gaining traction, with revenue reaching $6.8 billion—up 13% year-over-year—and adjusted earnings per share at $6.13, surpassing expectations. Adobe now expects annual recurring revenue of $27.5 billion, driven by AI-first growth exceeding 150%. The company raised its full-year revenue guidance to between $26.58 billion and $26.63 billion from a previous estimate of $26.51 billion. Earnings per share are now projected at $24.45–$24.50, above the prior forecast of $24.36. Adobe also surpassed 1 billion monthly active users during Q3 and reported strong performance across all segments: Customer Groups revenue rose to $6.6 billion (up 14%), Business Professionals & Consumers reached $1.9 billion (+16%), and Creative & Marketing Professionals hit $4.7 billion (+13%). Shares of Adobe climbed around 1.3% in after-hours trading.
Tickers: $ADBE
Topics: AI guidance_increase revenue_growth