Adobe Reports Record Revenue and Crosses One Billion Monthly Active Users
Adobe reported record third-quarter revenue of $6.76 billion for Q3 2026, with a year-over-year increase of 13%. The company also announced it has surpassed one billion monthly active users (MAUs), driven in part by its freemium AI products. Subscriptions accounted for the majority of Adobe's growth at $6.58 billion compared to $5.79 billion last year, while net income reached $1.83 billion or $4.62 per diluted share. Adobe raised its full-year revenue guidance to between $26.576 billion and $26.626 billion from a previous range of $26.5 billion to $26.6 billion, while also increasing adjusted earnings-per-share targets to $24.45–$24.50 per share. The company's annualized recurring revenue (ARR) reached $27.50 billion at the end of Q3 and is expected to grow by 10.2% for the year. Despite these strong results, Adobe’s stock fell in after-hours trading due to concerns over slower remaining performance obligation growth linked to its freemium strategy. The company also announced leadership changes with Anil Chakravarthy set to become CEO on December 1 and Steve Day serving as interim CFO.
Tickers: $ADBE
Topics: Adobe freemium AI products Q3 2026 earnings revenue growth user milestones