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Adobe Systems Earnings Calls
| Release date | Jun 11, 2026 |
| EPS estimate | $5.82 |
| EPS actual | $5.96 |
| EPS Surprise | 2.41% |
| Revenue estimate | 6.454B |
| Revenue actual | 6.618B |
| Revenue Surprise | 2.54% |
| 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 | $218.80 |
| EPS estimate | $5.82 |
| EPS actual | $5.96 |
| EPS surprise | 2.41% |
| Date | Price |
|---|---|
| Jun 05, 2026 | $251.44 |
| Jun 08, 2026 | $244.99 |
| Jun 09, 2026 | $237.88 |
| Jun 10, 2026 | $233.38 |
| Jun 11, 2026 | $218.80 |
| Jun 12, 2026 | $204.02 |
| Jun 15, 2026 | $206.36 |
| Jun 16, 2026 | $207.32 |
| Jun 17, 2026 | $196.28 |
| 4 days before | -12.98% |
| 4 days after | -10.29% |
| On release day | -6.76% |
| Change in period | -21.94% |
Adobe Systems Earnings Call Transcript Summary of Q2 2026
Adobe reported Q2 FY26 revenue of $6.62B (11% y/y constant currency) with GAAP EPS $4.25 and non-GAAP EPS $5.96. Key drivers were strong subscription revenue, record site traffic and MAU growth (Acrobat/Express MAU >850M; Creative freemium MAU ~90M), and rapid growth in AI-related ARR (AI-first ARR >$500M, Gen Studio ARR +25% y/y). Management is pivoting more aggressively to freemium funnels (Firefly, Express, Acrobat AI) to accelerate new user acquisition and long-term lifetime value, accepting near-term ARR headwinds and deferring previously planned Creative Cloud price/line optimizations. Adobe closed the SEMrush acquisition (~$480M ARR added) to bolster brand visibility/SEO capabilities and plans an integrated offering at Cannes. Customer Experience (AEP, GenStudio, AEM) showed strong enterprise traction with agentic/AI solutions and notable customer wins. Financials: ending ARR $27.1B (+12.5% y/y including Semrush), strong operating cash flow ($2.17B), $5.63B cash on hand, $25B+ remaining buyback authorization activity; management raised FY26 revenue and non-GAAP EPS targets (Revenue $20.5–20.6B; non-GAAP EPS $24.35–24.45). Leadership: CFO Daniel Durn departed; Steven Day named interim CFO; Shantanu will transition to board chair while CEO search continues.
