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Adobe (IT:1ADBE)
:1ADBE
Earnings Data
Report Date
Jun 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.04Last Year’s EPS
4.39Same Quarter Last Year
Moderate Buy
Based on 25 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong top-line growth, high profitability, rapid adoption and monetization of AI-first products, sizable MAU gains, robust enterprise traction and record operating cash flow. These positives were tempered by a faster-than-expected decline in the traditional stock business, and a near-term ARR dampening as large freemium AI initiatives scale and convert users to paid customers over time. Management reaffirmed FY targets and provided Q2 guidance, signaling confidence despite short-term transition effects.Company Guidance
Strong Q1 Revenue and EPS
Q1 revenue of $6.40 billion, up 12% year-over-year as reported (11% in constant currency). GAAP EPS $4.60 (up 11% YoY) and non-GAAP EPS $6.06 (up 19% YoY).
Robust Operating Margins
GAAP operating margin of 37.8% and non-GAAP operating margin of 47.4%, indicating continued high profitability.
Healthy ARR and Subscription Momentum
Total ending ARR $26.06 billion, up 10.9% year-over-year. Total customer group subscription revenue $6.17 billion, up 13% YoY (12% in constant currency).
Record Cash Flow and Strong Balance Sheet Actions
Cash flows from operations a Q1 record of $2.96 billion; ending cash and short-term investments $6.89 billion. Repurchased ~8.1 million shares during the quarter and $3.89 billion remaining on the $25 billion buyback authorization.
Major User Growth and Engagement
Surpassed 850 million monthly active users across Acrobat, Creative Cloud, Express and Firefly, up 17% year-over-year. Creative freemium MAU crossed 80 million, up 50% YoY.
Rapid Adoption and Monetization of AI Offerings
ARR from AI-first applications more than tripled year-over-year. Firefly ending ARR (app, credit packs, Enterprise) exceeded $250 million and grew 75% quarter-over-quarter. Generative credit consumption grew over 45% quarter-over-quarter.
Strong Enterprise Momentum in CX and GenStudio
AEP and native apps and Adobe GenStudio ending ARR each grew over 30% year-over-year; subscription revenue for AEP and native apps and GenStudio cited as >30% growth. AEP scale metrics: >35 trillion segment evaluations and >70 billion profile activations per day.
Business Group Performance
Business Professionals & Consumers subscription revenue $1.78 billion, up 16% YoY (15% constant currency). Creative & Marketing Professionals subscription revenue $4.39 billion, up 12% YoY (11% constant currency).
Enterprise Wins and Strategic Partnerships
New global enterprise customers (e.g., Centene, Deutsche Bank, Heineken, Nordstrom, Target) and partnerships across systems integrators and platform providers; announced intent to acquire Semrush (expected to close in Q2).
Leadership Transition Announced
CEO Shantanu Narayen announced he will transition from the CEO role over the coming months after 18+ years, remaining Chair to support a smooth succession — providing transparency on governance and continuity.
IT:1ADBE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IT:1ADBE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2026 | €234.85 | ― | ― |
Dec 10, 2025 | €295.60 | €294.50 | -0.37% |
Aug 29, 2025 | €304.05 | €306.80 | +0.90% |
Jun 13, 2025 | €339.45 | €342.00 | +0.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Adobe (IT:1ADBE) report earnings?
Adobe (IT:1ADBE) is schdueled to report earning on Jun 11, 2026, After Close (Confirmed).
What is Adobe (IT:1ADBE) earnings time?
Adobe (IT:1ADBE) earnings time is at Jun 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Adobe stock?
The P/E ratio of Adobe is N/A.
What is IT:1ADBE EPS forecast?
IT:1ADBE EPS forecast for the fiscal quarter 2026 (Q2) is 5.04.
