Reported results
- Total revenue of $6.76 billion, representing 13% year-over-year growth, or 12% in constant currency
- GAAP diluted earnings per share of $4.62; non-GAAP diluted earnings per share of $6.13
- GAAP operating income of $2.35 billion; non-GAAP operating income of $2.97 billion
- Total Adobe ARR exiting the quarter was $27.50 billion
- GAAP net income of $1.83 billion; non-GAAP net income of $2.42 billion
- Record Q3 cash flows from operations of $2.52 billion
Guidance
- Q4 FY2026 total revenue target of $6.80 billion to $6.85 billion
- Q4 FY2026 GAAP diluted EPS of $4.65 to $4.70; non-GAAP diluted EPS of $6.30 to $6.35
- FY2026 updated total revenue target of $26.576 billion to $26.626 billion
- FY2026 updated GAAP diluted EPS of $18.12 to $18.17; non-GAAP diluted EPS of $24.45 to $24.50
- FY2026 total Adobe ending ARR growth of 10.2% year over year
Notes
Adobe AI-first ARR grew more than 150% year over year. Remaining Performance Obligations (RPO) were $22.16 billion with Current Remaining Performance Obligations (cRPO) at 67%. Adobe repurchased approximately 9.5 million shares during the quarter.
Price and volatility reaction
The stock moved +1.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -16.5 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 248.83 | 2026-09-10 |
| Close after release | 252.23 | 2026-09-11 |
| Realised move | +1.4% | close to close |
| 30d ATM IV change | -16.5 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-10 (8-K, Item 2.02). Read the original filing on sec.gov.