Adobe just turned in a Q3 FY2026 earnings report that made Wall Street’s estimates look timid. The company posted $6.76 billion in revenue, a 13% jump year-over-year, alongside non-GAAP diluted earnings per share of $6.13. Both figures landed above analyst expectations, and Adobe responded by raising guidance for the rest of the year.
The results, reported on September 10, paint a picture of a software incumbent that has figured out how to translate its AI investments into actual revenue growth.
The numbers behind the beat
Adobe’s $6.76 billion quarterly revenue represents 12% growth on a constant currency basis.
GAAP earnings per share came in at $4.62, while the non-GAAP figure hit $6.13. Cash flow from operations reached $2.52 billion for the quarter. On the operating income front, Adobe reported $2.35 billion under GAAP and $2.97 billion on a non-GAAP basis.
