Adobe Reports Q3 Revenue Growth of 13%, But Misses Q4 Guidance Consensus
Adobe Inc. (NASDAQ:ADBE) reported third-quarter earnings and revenue that exceeded analyst expectations, with adjusted EPS at $6.13 versus a consensus estimate of $6.07. The company's quarterly revenue rose by 13% year-over-year to $6.76 billion, surpassing the estimated $6.69 billion. Despite these positive results, Adobe’s fourth-quarter guidance came in slightly below expectations, with projected revenue between $6.80 billion and $6.85 billion—midpoint of $6.825 billion versus a consensus estimate of $6.85 billion. Adobe also raised its full-year fiscal 2026 revenue forecast to between $26.576 billion and $26.626 billion, along with an adjusted EPS range of $24.45 to $24.50. Subscription revenue reached a record $6.56 billion in the quarter, driven by growth across all segments including Business Professionals & Consumers (+16%) and Creative & Marketing Professionals (+13%). The company repurchased 9.5 million shares during the period. Despite strong performance metrics, Adobe's stock fell nearly 2.7% in premarket trading as investors reacted to weaker-than-expected Q4 guidance.
Tickers: $ADBE