Adobe Reports Strong Q3 Earnings with Revenue Growth and Leadership Transition
Adobe Inc. (NASDAQ: ADBE) reported strong third-quarter fiscal 2026 results, with revenue reaching $6.76 billion—up 13% year over year—and non-GAAP earnings per share rising to $6.13 (+15%). The company also raised its full-year revenue forecast and announced a leadership transition set for December 1. Anil Chakravarthy will become Adobe's president and CEO, succeeding Shantanu Narayen who will move into the role of executive chair. Chakravarthy emphasized his focus on agentic software across creative, productivity, and customer-experience businesses during the earnings call. The company highlighted robust growth in AI-first annual recurring revenue (ARR), which exceeded $650 million with over 150% year-over-year growth. Adobe's business professionals and consumers segment saw subscription revenue of $1.91 billion (+16%), driven by Acrobat’s expanding user base, including more than 900 million monthly active users for Acrobat plus Express.
Tickers: $ADBE
Topics: Adobe AI adoption leadership transition Q3 earnings revenue growth