- Adobe reported record fiscal Q3 2026 revenue of $6.76 billion, up 12.9% year-over-year, with GAAP diluted EPS of $4.62.
- AI-first ARR exceeded $650 million and grew over 150% year-over-year, but remains small relative to total revenue.
- Adobe stock rose approximately 3.6% on October 8 after the report, according to TradingView.
- Operating cash flow of $2.52 billion gives Adobe capacity to fund AI investment, and investors want measurable returns on that spend.
- Adobe was suspended from the Department of Labor's PERM program, halting new employment-based green card filings for affected employees; the report states existing residencies and H-1B visas remain valid.
- Adobe announced an AI-focused partnership with Heathrow Airport to develop AI-enabled creative and operational capabilities.