Adobe posts record Q1 FY2026 revenue of $6.40B and holds full-year targets

Adobe reported fiscal Q1 2026 revenue of $6.40 billion, up 12% year over year (11% in constant currency), with GAAP diluted EPS of $4.60 and non-GAAP EPS of $6.06. Operating cash flow was a record $2.96 billion and total ARR reached $26.06 billion. Adobe guided fiscal Q2 revenue to $6.43–6.48 billion and non-GAAP EPS to $5.80–5.85, and reaffirmed its fiscal 2026 targets.

• Revenue $6.40B, up 12% y/y (11% in constant currency)
• Non-GAAP EPS $6.06; GAAP EPS $4.60
• Operating cash flow a record $2.96B
• Total ARR $26.06B; AI-first ARR more than tripled y/y
• Q2 guide: revenue $6.43–6.48B, non-GAAP EPS $5.80–5.85
• About 8.1M shares repurchased, $2.478B of common stock repurchases in cash flow