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Adobe Systems Earnings Calls
| Release date | Jun 11, 2026 |
| EPS estimate | $5.83 |
| EPS actual | - |
| Revenue estimate | 6.457B |
| Revenue actual | - |
| Expected change | +/- 2.81% |
| Release date | Mar 12, 2026 |
| EPS estimate | $5.87 |
| EPS actual | $6.06 |
| EPS Surprise | 3.24% |
| Revenue estimate | 6.277B |
| Revenue actual | 6.398B |
| Revenue Surprise | 1.94% |
| Release date | Dec 10, 2025 |
| EPS estimate | $5.40 |
| EPS actual | $5.50 |
| EPS Surprise | 1.85% |
| Revenue estimate | 6.11B |
| Revenue actual | 6.194B |
| Revenue Surprise | 1.37% |
| Release date | Sep 11, 2025 |
| EPS estimate | $5.18 |
| EPS actual | $5.31 |
| EPS Surprise | 2.51% |
| Revenue estimate | 5.918B |
| Revenue actual | 5.988B |
| Revenue Surprise | 1.18% |
Last 4 Quarters for Adobe Systems
Below you can see how ADBE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 11, 2025 |
| Price on release | $350.55 |
| EPS estimate | $5.18 |
| EPS actual | $5.31 |
| EPS surprise | 2.51% |
| Date | Price |
|---|---|
| Sep 05, 2025 | $348.97 |
| Sep 08, 2025 | $358.66 |
| Sep 09, 2025 | $354.06 |
| Sep 10, 2025 | $350.16 |
| Sep 11, 2025 | $350.55 |
| Sep 12, 2025 | $349.36 |
| Sep 15, 2025 | $347.10 |
| Sep 16, 2025 | $352.73 |
| Sep 17, 2025 | $362.07 |
| 4 days before | 0.453% |
| 4 days after | 3.29% |
| On release day | -0.339% |
| Change in period | 3.75% |
| Release date | Dec 10, 2025 |
| Price on release | $343.13 |
| EPS estimate | $5.40 |
| EPS actual | $5.50 |
| EPS surprise | 1.85% |
| Date | Price |
|---|---|
| Dec 04, 2025 | $328.73 |
| Dec 05, 2025 | $346.26 |
| Dec 08, 2025 | $339.12 |
| Dec 09, 2025 | $344.37 |
| Dec 10, 2025 | $343.13 |
| Dec 11, 2025 | $350.43 |
| Dec 12, 2025 | $356.50 |
| Dec 15, 2025 | $351.07 |
| Dec 16, 2025 | $347.89 |
| 4 days before | 4.38% |
| 4 days after | 1.39% |
| On release day | 2.13% |
| Change in period | 5.83% |
| Release date | Mar 12, 2026 |
| Price on release | $269.78 |
| EPS estimate | $5.87 |
| EPS actual | $6.06 |
| EPS surprise | 3.24% |
| Date | Price |
|---|---|
| Mar 06, 2026 | $283.62 |
| Mar 09, 2026 | $282.44 |
| Mar 10, 2026 | $275.13 |
| Mar 11, 2026 | $273.71 |
| Mar 12, 2026 | $269.78 |
| Mar 13, 2026 | $249.32 |
| Mar 16, 2026 | $251.86 |
| Mar 17, 2026 | $254.20 |
| Mar 18, 2026 | $246.00 |
| 4 days before | -4.88% |
| 4 days after | -8.81% |
| On release day | -7.58% |
| Change in period | -13.26% |
| Release date | Jun 11, 2026 |
| Price on release | - |
| EPS estimate | $5.83 |
| EPS actual | - |
| Date | Price |
|---|---|
| Jun 01, 2026 | $274.03 |
| Jun 02, 2026 | $262.11 |
| Jun 03, 2026 | $256.24 |
| Jun 04, 2026 | $258.42 |
| Jun 05, 2026 | $251.44 |
Adobe Systems Earnings Call Transcript Summary of Q1 2026
Adobe reported a strong start to FY26 with Q1 revenue of $6.40B (up 11% YoY in constant currency), GAAP EPS $4.60 and non-GAAP EPS $6.06. Ending ARR was $26.06B (up ~10.9% YoY). Key growth drivers were AI-infused and AI-first products: Firefly (ending ARR > $250M across apps/credits/Enterprise), Acrobat/Express, Creative Cloud Pro, AEP and GenStudio. Monthly active users (MAU) for Acrobat/Creative/Express/Firefly surpassed 850M (17% YoY growth); creative freemium MAU crossed 80M (up 50% YoY). Generative credit consumption rose >45% QoQ; Firefly Enterprise new customer acquisition grew 50% YoY. Enterprise CXO (AEP and apps) and GenStudio each grew >30% YoY, with strong enterprise adoption and numerous new trials and wins. Management acknowledged a faster-than-expected decline in the traditional standalone stock business (~$450M book), and noted that freemium strategies (Express/Firefly) have dampened ARR in the near term while building MAU and future monetization. Adobe reaffirmed FY26 targets (including an expected total ARR growth of 10.2%) and provided Q2 revenue and EPS ranges; Semrush acquisition is expected to close in Q2 (subject to approvals). Balance sheet/capital allocation: Q1 operating cash flow record of $2.96B, $6.89B cash & short-term investments, repurchased ~8.1M shares (about $3.89B remaining on prior $25B authorization). Leadership: CEO Shantanu Narayen announced he will transition from the CEO role over the coming months and will remain Chair to support the successor search.
