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Adobe

ADBE Q2 2026 Earnings

Reported Jun 11, 2026 at 4:08 PM ET · SEC Source

Q2 26 EPS

$5.96

Q2 26 Revenue

$6.62B

Did ADBE Beat Earnings? Q2 2026 Results

Adobe delivered a strong second quarter for fiscal 2026, posting record revenue of $6.62 billion, up 13% year over year, alongside non-GAAP diluted EPS of $5.96, extending the company's streak of beating consensus EPS estimates to five consecutive qu… Read more Adobe delivered a strong second quarter for fiscal 2026, posting record revenue of $6.62 billion, up 13% year over year, alongside non-GAAP diluted EPS of $5.96, extending the company's streak of beating consensus EPS estimates to five consecutive quarters. The headline numbers were powered by accelerating AI monetization, with AI-first annualized recurring revenue tripling year over year to exceed $500 million, a figure that underscores how broadly Adobe's generative AI tools are gaining traction across its customer base. Total Adobe ARR reached $27.10 billion exiting the quarter, while customer group subscription revenue climbed 14% to $6.39 billion. On a GAAP basis, diluted EPS came in at $4.25, weighed by a $70 million non-cash goodwill impairment charge and a $30 million litigation settlement accrual. Operating cash flow was a robust $2.17 billion. Looking ahead, Adobe raised its full-year FY2026 revenue target to a range of $26.50 billion to $26.60 billion, with non-GAAP EPS guided to $24.35 to $24.45, reflecting continued confidence in AI-driven demand across its platform.

Key Takeaways

  • • Strong AI-driven demand across all customer groups
  • • Subscription revenue grew 14% year over year (12% constant currency)
  • • Business Professionals & Consumers subscription revenue grew 16% year over year
  • • Creative & Marketing Professionals subscription revenue grew 13% year over year
  • • AI-first ARR tripled year over year exceeding $500 million

ADBE Forward Guidance & Outlook

Adobe raised its full-year FY2026 targets. For Q3 FY2026, the company targets total revenue of $6.67 billion to $6.72 billion, Business Professionals & Consumers subscription revenue of $1.87 billion to $1.89 billion, Creative & Marketing Professionals subscription revenue of $4.61 billion to $4.64 billion, GAAP EPS of $4.40 to $4.45, and non-GAAP EPS of $6.05 to $6.10, with non-GAAP operating margin of ~44.0%. For full-year FY2026, Adobe targets total revenue of $26.50 billion to $26.60 billion, Business Professionals & Consumers subscription revenue of $7.44 billion to $7.48 billion, Creative & Marketing Professionals subscription revenue of $18.21 billion to $18.27 billion, total Adobe ending ARR growth of 10.2% year over year, GAAP EPS of $17.90 to $18.00, and non-GAAP EPS of $24.35 to $24.45, with non-GAAP operating margin of ~45.0%. These targets factor in the Semrush acquisition and assume current macroeconomic conditions.

24/7 Wall St

ADBE YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

ADBE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“Adobe delivered record revenue of $6.62 billion in Q2 reflecting strong AI-driven demand across our customer groups and we are raising our full-year fiscal 2026 revenue and non-GAAP EPS targets on the strength of that performance. We are inspired to bring the magic of our new AI products to consumers, business professionals, creators, and marketers to deliver on our mission to Empower Everyone to Create.”

— Shantanu Narayen, Q2 2026 Earnings Press Release

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