Adobe reports record Q2 revenue of $6.62B and raises FY2026 targets

Adobe reported record fiscal Q2 2026 revenue of $6.62 billion, up 13% year over year (11% in constant currency). GAAP diluted EPS was $4.25, including a $0.17 per-share non-cash goodwill impairment tied to Publishing and Advertising, and non-GAAP EPS was $5.96. Adobe raised its fiscal 2026 revenue target to $26.50–26.60 billion and its non-GAAP EPS target to $24.35–24.45.

• Revenue $6.62B, up 13% y/y (11% in constant currency)
• Non-GAAP EPS $5.96; GAAP EPS $4.25
• FY2026 revenue target raised to $26.50–26.60B
• FY2026 non-GAAP EPS target raised to $24.35–24.45
• Total ARR $27.10B, including about $480M from Semrush; AI-first ARR tripled and passed $500M
• Operating cash flow $2.17B; about 8.5M shares repurchased

SEC filing 8-K · accession 0000796343-26-000109 · sec.gov ↗