Adobe Reports Record Q2 Results
Business Wire • • business
Key Points:
- Adobe reported record Q2 FY2026 revenue of $6.62 billion, marking a 13% year-over-year increase driven by strong AI-related demand, and raised its full-year revenue and non-GAAP EPS guidance accordingly.
- The company achieved diluted EPS of $4.25 (GAAP) and $5.96 (non-GAAP), with total annualized recurring revenue (ARR) reaching $27.10 billion, including contributions from the Semrush acquisition.
- Subscription revenue grew 14% year-over-year to $6.39 billion, with Business Professionals & Consumers and Creative & Marketing Professionals segments increasing by 16% and 13%, respectively.
- CFO Dan Durn will depart Adobe on June 15, 2026, with Steve Day appointed as interim CFO, bringing two decades of financial leadership experience within the company.
- Adobe emphasized forward-looking statements regarding AI innovation, market conditions, and financial targets, noting risks and uncertainties that could impact future performance.