Adobe reported fiscal third-quarter 2026 results on September 10, 2026, in an SEC filing: revenue of $6.76 billion, up 13 percent year over year (12 percent in constant currency), and non-GAAP EPS of $6.13, up 15 percent. Total ending annual recurring revenue across the company reached $27.50 billion. Cash flow from operations hit a Q3 record of $2.52 billion.
The AI-specific disclosure is the number worth isolating: Adobe’s AI-first ending ARR, revenue tied directly to standalone generative AI products and AI-attached subscriptions rather than AI features bundled into legacy Creative Cloud pricing, grew more than 150 percent year over year. Adobe also said monthly active users across its creativity and productivity businesses passed 1 billion for the first time, up more than 20 percent year over year, while creative freemium MAU crossed 100 million, a 70 percent jump. The company did not break out a separate dollar figure for AI-first ARR in this filing, only the growth rate.
Adobe raised full-year fiscal 2026 guidance to $26.576-$26.626 billion in total revenue and non-GAAP EPS of $24.45-$24.50. The results also came with a leadership transition: President of Customer Experience Orchestration Anil Chakravarthy will become President and CEO on December 1, 2026, with long-time CEO Shantanu Narayen moving to Executive Chair after 29 years running the company.
The 150 percent AI-first ARR growth rate matters more as a trend line than as an absolute number, since Adobe declined to disclose the dollar base it is growing from in this release. Set against 1 billion MAU, it shows Adobe converting a very large existing creative-software user base into paid AI usage rather than needing to win new users from scratch, a different growth mechanic than pure-play AI startups face. It does not show whether that AI revenue is cannibalizing legacy Creative Cloud seats or is genuinely incremental.