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Verified notes / ADBE

Adobe Inc. (ADBE): verified earnings note

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✓ verified⚠ mismatch (real value shown) ◦ sourced, not machine-verifiable✗ nothing checkable

Numeric claims verified
15/15
⚠ Mismatches
0
◦ Sourced (qualitative)
3
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0

FY2026 Q3 (CY2026 Q3, ended 2026-08-28) · press release: 8-K 0000796343-26-000147 · 10-Q/10-K · models: claude-sonnet-5-5 (writing), claude-haiku-5-5 (paragraph selection) · generated 2026-11-04

What happened

✓Adobe reported FY2026 Q3 revenue of $6.76 billion.
verified · source
XBRL Revenues · FY2026 Q3 (ended 2026-08-28) = $6.76B · filing 0000796343-26-000156
Structured claim: metric revenue, period FY2026 Q3, value 6.76 usd_billions, cites xbrl:Revenues
✓Diluted GAAP EPS was $4.62.
verified · source
XBRL EarningsPerShareDiluted · FY2026 Q3 (ended 2026-08-28) = $4.62 · filing 0000796343-26-000156
Structured claim: metric eps_diluted, period FY2026 Q3, value 4.62 usd_per_share, cites xbrl:EarningsPerShareDiluted
✓GAAP operating income was $2.354 billion.
verified · source
XBRL OperatingIncomeLoss · FY2026 Q3 (ended 2026-08-28) = $2.35B · filing 0000796343-26-000156
Structured claim: metric operating_income, period FY2026 Q3, value 2.354 usd_billions, cites xbrl:OperatingIncomeLoss
✓Non-GAAP diluted EPS was $6.13.
verified · source
Press release P19:
•Adobe achieved record revenue of $6.76 billion in its third quarter of FY2026, which represents 13% year-over-year growth, or 12% in constant currency. Diluted earnings per share was $4.62 on a GAAP basis and $6.13 on a non-GAAP basis.
Structured claim: metric other, period FY2026 Q3, value 6.13 usd_per_share, cites press_release:P19
✓Operating cash flow was $2.523 billion.
verified · source
XBRL NetCashProvidedByUsedInOperatingActivities · FY2026 Q3 (ended 2026-08-28) = $2.52B · derived: 9M YTD − 6M YTD · filing 0000796343-26-000156
Structured claim: metric operating_cash_flow, period FY2026 Q3, value 2.523 usd_billions, cites xbrl:NetCashProvidedByUsedInOperatingActivities

What changed vs last quarter / last year

✓Revenue grew 12.9% year over year.
verified · source
XBRL Revenues · FY2026 Q3 (ended 2026-08-28) = $6.76B · filing 0000796343-26-000156
XBRL Revenues · FY2025 Q3 (ended 2025-08-29) = $5.99B · filing 0000796343-26-000156
Recomputed as (FY2026 Q3 / FY2025 Q3 − 1) × 100 = 12.89%
Structured claim: metric revenue_yoy, period FY2026 Q3, value 12.9 percent, cites xbrl:Revenues
✓Diluted EPS rose 10.5% year over year.
verified · source
XBRL EarningsPerShareDiluted · FY2026 Q3 (ended 2026-08-28) = $4.62 · filing 0000796343-26-000156
XBRL EarningsPerShareDiluted · FY2025 Q3 (ended 2025-08-29) = $4.18 · filing 0000796343-26-000156
Recomputed as (FY2026 Q3 / FY2025 Q3 − 1) × 100 = 10.53%
Structured claim: metric eps_diluted_yoy, period FY2026 Q3, value 10.5 percent, cites xbrl:EarningsPerShareDiluted
✓Net income increased just 3.1% year over year.
verified · source
XBRL NetIncomeLoss · FY2026 Q3 (ended 2026-08-28) = $1.83B · filing 0000796343-26-000156
XBRL NetIncomeLoss · FY2025 Q3 (ended 2025-08-29) = $1.77B · filing 0000796343-26-000156
Recomputed as (FY2026 Q3 / FY2025 Q3 − 1) × 100 = 3.10%
Structured claim: metric net_income_yoy, period FY2026 Q3, value 3.1 percent, cites xbrl:NetIncomeLoss
✓R&D expense was up 18.4% year over year.
verified · source
XBRL ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost · FY2026 Q3 (ended 2026-08-28) = $1.29B · filing 0000796343-26-000156
XBRL ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost · FY2025 Q3 (ended 2025-08-29) = $1.09B · filing 0000796343-26-000156
Recomputed as (FY2026 Q3 / FY2025 Q3 − 1) × 100 = 18.38%
Structured claim: metric rnd_yoy, period FY2026 Q3, value 18.4 percent, cites xbrl:ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
✓Operating margin was 34.8%.
verified · source
XBRL OperatingIncomeLoss · FY2026 Q3 (ended 2026-08-28) = $2.35B · filing 0000796343-26-000156
XBRL Revenues · FY2026 Q3 (ended 2026-08-28) = $6.76B · filing 0000796343-26-000156
Recomputed as operating_income / revenue × 100 = 34.82%
Structured claim: metric operating_margin, period FY2026 Q3, value 34.8 percent, cites xbrl:OperatingIncomeLoss
✓RPO declined 0.5% sequentially.
verified · source
XBRL RevenueRemainingPerformanceObligation · FY2026 Q3 (ended 2026-08-28) = $22.16B · filing 0000796343-26-000156
XBRL RevenueRemainingPerformanceObligation · FY2026 Q2 (ended 2026-05-29) = $22.27B · filing 0000796343-26-000112
Recomputed as (FY2026 Q3 / FY2026 Q2 − 1) × 100 = -0.49%
Structured claim: metric rpo_qoq, period FY2026 Q3, value 0.5 percent, cites xbrl:RevenueRemainingPerformanceObligation

Management's explanation and guidance

✓The interim CFO said the company is raising its full-year targets: "we're raising full year revenue and EPS targets".
verified · source
Press release P17:
"Adobe delivered double-digit revenue and EPS growth in Q3 and we're raising full year revenue and EPS targets," said Steve Day, senior vice president and interim CFO, Adobe. "We are expanding our user base through a freemium strategy and deepening engagement with agentic experiences to deliver long-term durable growth."
Structured claim: metric —, period —, value we're raising full year revenue and EPS targets , cites press_release:P17
✓The CEO highlighted "more than one billion monthly active users" as a milestone.
verified · source
Press release P16:
"Adobe delivered record Q3 results, reflecting the strength of our AI innovation, expanding customer reach and leadership across creativity, productivity and customer experience," said Shantanu Narayen, chair and CEO, Adobe. "Reaching a landmark of more than one billion monthly active users is a defining moment for Adobe, and I have confidence that Anil will build on this momentum to drive Adobe's next chapter of growth and innovation in the AI era."
Structured claim: metric —, period —, value more than one billion monthly active users , cites press_release:P16
✓Adobe's Q4 GAAP EPS target is up to $4.70.
verified · source
Press release P31:
Total revenue | $6.80 billion to $6.85 billion Business Professionals & Consumers subscription revenue | $1.93 billion to $1.95 billion Creative & Marketing Professionals subscription revenue | $4.665 billion to $4.695 billion Earnings per share1 | GAAP: $4.65 to $4.70 | Non-GAAP: $6.30 to $6.35
Structured claim: metric other, period FY2026 Q4, value 4.70 usd_per_share, cites press_release:P31
✓Management targets Q4 non-GAAP EPS of up to $6.35.
verified · source
Press release P31:
Total revenue | $6.80 billion to $6.85 billion Business Professionals & Consumers subscription revenue | $1.93 billion to $1.95 billion Creative & Marketing Professionals subscription revenue | $4.665 billion to $4.695 billion Earnings per share1 | GAAP: $4.65 to $4.70 | Non-GAAP: $6.30 to $6.35
Structured claim: metric other, period FY2026 Q4, value 6.35 usd_per_share, cites press_release:P31
◦Management attributes growth to a freemium strategy expanding the user base and to agentic experiences.
sourced, not machine-verifiable · source
Press release P17:
"Adobe delivered double-digit revenue and EPS growth in Q3 and we're raising full year revenue and EPS targets," said Steve Day, senior vice president and interim CFO, Adobe. "We are expanding our user base through a freemium strategy and deepening engagement with agentic experiences to deliver long-term durable growth."
Structured claim: metric —, period —, value — , cites press_release:P17

What to watch next quarter

✓Q4 total revenue is targeted to reach as high as $6.85 billion.
verified · source
Press release P31:
Total revenue | $6.80 billion to $6.85 billion Business Professionals & Consumers subscription revenue | $1.93 billion to $1.95 billion Creative & Marketing Professionals subscription revenue | $4.665 billion to $4.695 billion Earnings per share1 | GAAP: $4.65 to $4.70 | Non-GAAP: $6.30 to $6.35
Structured claim: metric other, period FY2026 Q4, value 6.85 usd_billions, cites press_release:P31
✓Watch whether total ending ARR growth reaches the 10.2% full-year target.
verified · source
Press release P34:
Total revenue | $26.576 billion to $26.626 billion Business Professionals & Consumers subscription revenue | $7.470 billion to $7.490 billion Creative & Marketing Professionals subscription revenue | $18.242 billion to $18.272 billion Total Adobe ending ARR growth | 10.2% year over year Earnings per share2 | GAAP: $18.12 to $18.17 | Non-GAAP: $24.45 to $24.50
Structured claim: metric other, period FY2026, value 10.2 percent, cites press_release:P34
◦Investors should monitor whether AI-first ARR growth, which exceeded 150% this quarter, continues.
sourced, not machine-verifiable · source
Press release P13:
• Adobe AI-first ARR grew more than 150% year over year
Structured claim: metric —, period —, value — , cites press_release:P13
◦Sequentially lower RPO and deferred revenue bear watching for demand signals.
sourced, not machine-verifiable · source
Press release P23:
•Exiting the quarter, Remaining Performance Obligations ("RPO") were $22.16 billion, and Current Remaining Performance Obligations ("cRPO") were 67%.
Structured claim: metric —, period —, value — , cites press_release:P23