Overview

• Adobe reported fiscal Q3 revenue of $5.99 billion, up 11% year over year, with adjusted EPS of $5.31, topping LSEG consensus on both metrics.
• Full-year guidance increased to revenue of $23.65 billion to $23.70 billion and adjusted EPS of $20.80 to $20.85.
• Fourth-quarter outlook calls for revenue of $6.08 billion to $6.13 billion and adjusted EPS of $5.35 to $5.40, slightly ahead of estimates.
• The company now expects its digital media business to grow annualized revenue by 11.3% this fiscal year, up from a prior 11% view.
• Shares rose about 4% in extended trading, though the stock remains down more than 21% in 2025 as analysts question the pace of AI revenue from Firefly and trimmed price targets ahead of the report.