Adobe posted strong second-quarter results for fiscal 2026, with revenue reaching a record $6.62 billion. The company beat estimates and increased its full-year revenue outlook amid accelerating AI-driven growth.
Adobe delivered $6.62 billion in revenue for the quarter ended June, marking a 13 percent increase from the prior year. The results exceeded guidance and consensus expectations, with earnings per share beating estimates by 15 cents.
AI-first annual recurring revenue surpassed $500 million, tripling year over year and doubling from the previous quarter. Management raised fiscal 2026 revenue guidance to $26.55 billion while maintaining operating margin targets above 45 percent.
The company is shifting focus toward monthly active user growth and a freemium model in response to industry changes and competition. A leadership transition is underway as the chief financial officer departs.
Adobe's stock has declined 34 percent over the past year despite the positive results.
