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Adobe’s Next Big Catalyst — Firefly, Acrobat AI & 900 Million Users Converge!

Adobe Inc. reported its third-quarter fiscal year 2026 results with total revenue of $6.76 billion, representing a 12% year-over-year growth on a constant currency basis. The company achieved GAAP earnings per share of $4.62, up 11% year-over-year, and non-GAAP earnings per share of $6.13, a 15% increase compared to the same period last year. Annual recurring revenue (ARR) ended at $27.5 billion, growing 11.2% year-over-year, and operating cash flow set a quarterly record at $2.52 billion. Adobe’s deferred revenue (remaining performance obligations, RPO) grew 8% year-over-year, maintaining alignment with ARR trends despite a slight sequential deceleration typical of seasonal patterns. Adobe divides its business into two main customer groups: Business Professionals & Consumers and Creative & Marketing Professionals. Subscription revenue for Business Professionals & Consumers reached $1.