Citable filing context
ADBE's research view summarizes recent SEC filing context, starting with earnings from Sep 10, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 10, 2026 | earnings | Adobe reported record Q3 FY2026 revenue of $6.76 billion, up 13% year-over-year, and raised its full-year targets. |
| Sep 8, 2026 | management_change | Anil Chakravarthy was appointed CEO of Adobe, succeeding Shantanu Narayen, who will become Executive Chair on December 1, 2026. |
| Jul 17, 2026 | management_change | Adobe entered into a retention letter with Chief Legal Officer Louise Pentland providing specific severance and equity benefits. |
| Sep 10, 2026 | Guidance: arr_growth | 10.20 to not reported |
| Sep 10, 2026 | Guidance: eps_gaap | 4.65 to 4.70 |
| Sep 10, 2026 | Guidance: eps_gaap | 18.12 to 18.17 |
| Sep 22, 2026 | mda_quarterly | In Q3 FY26, Adobe generated total revenue of $6.76 billion, a 13% increase year-over-year, driven by 14% growth in subscription revenue to $6.58 billion. Total Annualized Recurring Revenue (ARR) expanded to $27.50 billion, up 11.2% year-over-year. Subscription revenue for Creative & Marketing Professionals grew 13% to $4.65 billion, powered by Creative Cloud flagship applications, Firefly AI models, and Adobe Experience Manager. The Business Professionals & Consumers group grew 16% to $1.91 billion, fueled by Acrobat, Acrobat AI Assistant, and Express. Adobe consolidated its operations into a single reportable segment in Q1 FY26 to align with integrated product execution. Quarterly net income was $1.83 billion, while nine-month operating cash flow reached $7.65 billion. Remaining performance obligations expanded to $22.16 billion. Cost of subscription revenue rose 24% to $633 million due to elevated data center, third-party hosting, and generative AI inferencing costs. Strategic expansion included the $1.87 billion acquisition of Semrush in April 2026 and a pending $340 million purchase of Topaz Labs. Adobe deployed $6.82 billion toward share repurchases over nine months, supported by a fresh $25 billion buyback authorization. Liquidity remains solid with $5.64 billion in cash and short-term investments, against $6.15 billion in total senior notes, of which $1.35 billion matures in 2027. |
| Jun 15, 2026 | mda_quarterly | Adobe reported second-quarter fiscal 2026 total revenue of $6.62 billion, a 13% year-over-year increase, driven primarily by a 14% rise in subscription revenue to $6.42 billion. Total Annualized Recurring Revenue (ARR) grew 12.5% to $27.10 billion, supported by strength in Creative Cloud Pro, Acrobat, and the Adobe Experience Platform. The company is aggressively integrating generative AI through Adobe Firefly, GenStudio, and the Acrobat AI Assistant. Strategic expansion included the $1.87 billion acquisition of Semrush to enhance search engine and generative engine optimization within Adobe Experience Manager. Despite revenue growth, net income remained flat at $1.71 billion as operating expenses rose 17% to $3.67 billion, fueled by AI training costs and a $70 million goodwill impairment in the Publishing & Advertising unit. Remaining performance obligations increased 13% to $22.27 billion. Adobe continues aggressive capital returns, spending $4.59 billion on stock repurchases during the first half of the year with $26.78 billion in remaining authority. Financial risks include macroeconomic volatility and legal headwinds, specifically a settlement with the DOJ regarding subscription cancellation practices and ongoing shareholder derivative litigation. |
Source: SEC EDGAR filing text and events; period Sep 10, 2026; filed Sep 10, 2026.
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