Adobe reported revenue of $6.76 billion for the third quarter of fiscal 2026, while monthly active users surpassed 1 billion for the first time. AI-first ARR grew by more than 150%, and a new CEO will take office on 1 December. The company also announced the acquisition of Topaz Labs.
Adobe reported revenue of $6.76 billion for the third quarter of fiscal 2026, up 13% year on year, and indicated that it had raised its full-year guidance. Non-GAAP EPS was $6.13, while ending ARR reached $27.5 billion. Monthly active users across all businesses surpassed 1 billion for the first time, and freemium MAUs in the creative business exceeded 100 million.
AI-first ending ARR exceeded $650 million, representing growth of more than 150%. The company said usage of AI-related products, including Firefly, continued to expand, with particularly strong demand for video generation.
Adobe also formally announced a CEO transition. Anil Chakrabarti will become president and CEO on 1 December, while current CEO Shantanu Narayen will become executive chairman. At the earnings call, the company outlined its policy of balancing the execution of its freemium strategy with ARR growth.
Fourth-quarter guidance calls for revenue of $6.8 billion-$6.85 billion, while full-year ARR growth is expected to be 10.2% year on year. Completion of the Topaz Labs acquisition is expected during the current quarter. The company highlighted the announcement of new features at Adobe MAX and other initiatives as part of its long-term growth strategy.