The organization announced adjusted earnings of $5.96 per share for the quarter, surpassing Wall Street estimates by $0.14, which projected earnings of $5.82 per share.
Adobe reported quarterly revenue of $6.62 billion, exceeding analyst estimates by $160 million, with expectations set at $6.46 billion. Compared with a year earlier, quarterly earnings increased 17.8 percent, while revenue grew 12.8 percent.
Total Adobe Annualized Recurring Revenue exiting the quarter was $27.10 billion, including approximately $480 million from Semrush.
In its forward guidance, Adobe set its earnings forecast for fiscal year 2026 in the range of $24.35 to $24.45 per share, compared with analyst expectations of $23.52 per share. Revenue forecast was set between $26.50 billion and $26.60 billion, versus consensus estimates of $26.04 billion.
For the third quarter of fiscal year 2026, Adobe’s EPS guidance is in the range of $6.05 to $6.10 per share, compared with analyst expectations of $5.77 per share. Forward sales guidance was set between $6.67 billion and $6.72 billion, versus consensus estimates of $6.51 billion.
Dan Durn, executive vice president and CFO of Adobe, is departing the company on June 15, 2026, to pursue a new professional opportunity. Steve Day, SVP of Corporate Finance and CFO of Adobe’s Customer Experience Orchestration Business Unit, will serve as interim Chief Financial Officer, effective June 15, 2026.
Shantanu Narayen, chair and CEO, stated, “Adobe delivered record revenue of $6.62 billion in Q2 reflecting strong AI-driven demand across our customer groups and we are raising our full-year fiscal 2026 revenue and non-GAAP EPS targets on the strength of that performance.”
In after-hours trading, shares of Adobe fell 5.44 percent to $206.90. This marks a decline of $11.90 from the closing price of $218.80. During the regular trading session, the stock’s 52-week trading range stands between $218.13 and $416.39.
