Companies /Technology
Adobe Inc
NASDAQ: ADBE Software - Application
$246.96
▲ $1.76 (+0.72%) today
Markets open · 2:40pm ET

Adobe (ADBE) Q1 2026 Earnings

Reported Mar 12, 2026, 4:09pm ET · SEC source
$6.06
Beat +3.18%
EPS · est. $5.87
$6.4B
Beat +1.93%
Revenue · est. $6.3B
−7.6%
Trailing market
ADBE vs S&P since report
6 quarters
Consecutive EPS beats

How Did ADBE Stock React to Q1 2026 Earnings?

% change · around the report
−3%0+3%+6%Mar 12Mar 13report 4:09pm ETearnings−0.5%−2.2%
−3%0+3%+6%Mar 12Mar 13earnings−0.5%−2.2%
ADBE −2.2%S&P 500 −0.5%
−3%0+3%+6%Mar 12Mar 13report 4:09pm ETearnings−0.6%−2.2%
−3%0+3%+6%Mar 12Mar 13earnings−0.6%−2.2%
ADBE −2.2%NASDAQ −0.6%
−4%0+4%+8%Mar 11Mar 20report 4:09pm ETearnings−1.9%−1.2%
−4%0+4%+8%Mar 11Mar 20earnings−1.9%−1.2%
ADBE −1.2%S&P 500 −1.9%
−4%0+4%+8%Mar 11Mar 20report 4:09pm ETearnings−1.9%−1.2%
−4%0+4%+8%Mar 11Mar 20earnings−1.9%−1.2%
ADBE −1.2%NASDAQ −1.9%
−7.58%
Day of report
+1.02%
Next session
−0.47%
One week
−1.87%
30 days

S&P 500 over the same 30 days: +5.68%.

Did ADBE Beat Earnings? Q1 2026 Results

Yes. Adobe reported Q1 2026 earnings of $6.06 a share on Mar 12, 2026, beating the $5.87 consensus estimate by 3.2%. Revenue was $6.4B against a $6.3B estimate.

Adobe delivered a strong start to fiscal 2026, posting record Q1 results that extended its streak to four consecutive quarters of beating consensus EPS estimates. Non-GAAP diluted EPS came in at $6.06, clearing the $5.87 consensus estimate by 3.18%, while revenue of $6.40 billion topped expectations by 1.93% and grew 12.0% year over year, driven in large part by subscription momentum that saw AI-first annualized recurring revenue more than triple compared to the year-ago period. Total ARR exited the quarter at $26.06 billion, with subscription revenue climbing 13% to $6.20 billion, underscoring the durability of Adobe's recurring model even as <a href="https://247wallst.com/investing/2026/03/07/hpe-oracle-and-adobe-earnings-coming-next-week/">investors had been watching closely</a> for signs of AI monetization. The quarter also brought a significant leadership announcement, with CEO Shantanu Narayen set to transition out of the role after 18 years. Looking ahead, Adobe is guiding Q2 revenue of $6.43 billion to $6.48 billion and non-GAAP EPS of $5.80 to $5.85, while reaffirming its full-year FY2026 targets.

Key Takeaways
  • AI-first ARR more than tripling year over year
  • Total subscription revenue growth of 13% year over year
  • Business Professionals & Consumers subscription revenue growing 16% year over year
  • Creative & Marketing Professionals subscription revenue growing 12% year over year
  • RPO growth of 13% year over year to $22.22 billion

“Adobe delivered record Q1 results with AI-first ARR more than tripling year over year and subscription revenue growing 13 percent.”

Adobe CEO, on the earnings call

What Was Adobe's Outlook in Q1 2026?

For Q2 FY2026, Adobe targets total revenue of $6.43 billion to $6.48 billion, Business Professionals & Consumers subscription revenue of $1.80 billion to $1.82 billion, Creative & Marketing Professionals subscription revenue of $4.41 billion to $4.44 billion, GAAP EPS of $4.35 to $4.40, and non-GAAP EPS of $5.80 to $5.85. Q2 targets assume non-GAAP operating margin of ~44.5%, GAAP tax rate of ~22.5%, non-GAAP tax rate of ~18.0%, and diluted share count of ~402 million. Adobe is also reaffirming its previously issued full-year FY2026 targets. Targets do not include contributions from the pending acquisition of Semrush Holdings, Inc.

ADBE YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$6.0B$5.7B$6.4BRevenue$5.1B$5.7BGross Profit$2.2B$2.4BOperating Income$1.8B$1.9BNet Income
$0$2.0B$4.0B$6.0BRevenueGross ProfitOperating IncomeNet Income
ADBE income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $6.4B $5.7B +12.0%
Gross Profit $5.7B $5.1B +12.6%
Operating Income $2.4B $2.2B +11.8%
Net Income $1.9B $1.8B +4.3%

ADBE Revenue by Segment

Digital Experience$6.2B+13.0%
Creative & Marketing Professionals Subscriptions$4.4B+12.0%
Digital Media
Business Professionals & Consumers Subscriptions$1.8B+16.0%

Figures from SEC filings and company reports. Not investment advice.