Adobe stock gains 1.02 percent as Q3 revenue hits record

Adobe stock traded at USD 240.69 on Nasdaq on September 23, 2026, up 1.02 percent from the prior close of USD 238.25. The latest operating figures show why recurring revenue remains central to the investment case.

Q3 revenue reaches USD 6.76 billion

Adobe reported record revenue of USD 6.76 billion for the third quarter of fiscal 2026, ended August 28, 2026. According to Business Wire, revenue increased 13 percent year over year, while GAAP diluted EPS reached USD 4.62.

The comparison is substantial in absolute terms: Adobe generated USD 5.99 billion in revenue in the year-earlier quarter and lifted the figure to USD 6.76 billion in Q3 FY2026. GAAP net income reached USD 1.83 billion, and operating cash flow was USD 2.52 billion for the same period.

Recurring revenue drives the model

Subscription revenue reached USD 6.56 billion in Q3 FY2026, representing 14 percent year-over-year growth. Adobe's annualized recurring revenue was USD 27.50 billion at the quarter end, up 11.2 percent from USD 24.74 billion a year earlier.

This mix gives the quarterly revenue figure more weight than a one-time product cycle. Adobe also reported non-GAAP diluted EPS of USD 6.13, up 15 percent year over year, while creative and marketing professionals subscription revenue reached USD 4.65 billion.

Guidance sets the next checkpoint

Adobe's fiscal 2026 revenue target stands at USD 26.576 billion to USD 26.626 billion. The company also targets GAAP EPS of USD 18.12 to USD 18.17 and non-GAAP EPS of USD 24.45 to USD 24.50, according to Business Wire.

The key tension is visible in the numbers: Q3 revenue growth was 13 percent, while full-year revenue guidance implies a total fiscal-year range of USD 26.576 billion to USD 26.626 billion. For investors, the next results will show whether recurring revenue growth can remain above 10 percent as Adobe expands its artificial intelligence products.

Adobe stock trades at USD 240.69

Adobe stock traded at USD 240.69 on Nasdaq on September 23, 2026, with a daily gain of 1.02 percent. The 52-week range was USD 190.12 to USD 363.70, leaving the latest price USD 123.01 below the high and USD 50.57 above the low.