Adobe said total revenue for the quarter ended May 29, 2026 was $6.62 billion, up $745 million or 13%, and subscription revenue was $6.42 billion, up 14%. Total Adobe ARR was $27.10 billion, up 12.5%, including approximately $480 million from the Semrush acquisition.

10-QQuarterly reportFiled Jun 15, 2026Period of report May 29, 2026Summary published (UTC) Oct 2, 2026

Key points

AI summary

Adobe said total revenue for the quarter ended May 29, 2026 was $6.62 billion, up $745 million or 13%, and subscription revenue was $6.42 billion, up 14%. Total Adobe ARR was $27.10 billion, up 12.5%, including approximately $480 million from the Semrush acquisition.
The company said operating expenses for the same quarter were $3.67 billion, up $539 million or 17%, and cost of revenue was $715 million, up $77 million or 12%. Net income was $1.71 billion, relatively flat compared to the year-ago period.
Adobe said cash flows from operations for the 6 months ended May 29, 2026 were $5.12 billion, up $450 million or 10%. The company cited the Semrush acquisition in Q2 of fiscal 2026 as the primary driver of net cash used in investing activities of $1.24 billion.
Adobe said it repurchased shares for $4.59 billion during the 6 months and the remaining authorization for repurchases as of May 29, 2026 was $26.78 billion. As of that date, senior notes outstanding were $6.15 billion and commercial paper was $494 million.

Key figures

Quarter ended May 29, 2026

Revenue: $6.6B
Operating income: $2.2B
Net income: $1.7B
EPS: $4.25
Gross profit: $5.9B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue, Subscription Revenue and ARR

Adobe said total revenue for the quarter ended May 29, 2026 was $6.62 billion, up $745 million or 13%, and subscription revenue was $6.42 billion, up 14%. Total Adobe ARR was $27.10 billion, up 12.5%, including approximately $480 million from the Semrush acquisition.

Source · Based on the MD&A text of the filing

Quarterly Expense Growth and Flat Net Income

The company said operating expenses for the same quarter were $3.67 billion, up $539 million or 17%, and cost of revenue was $715 million, up $77 million or 12%. Net income was $1.71 billion, relatively flat compared to the year-ago period.

Source · Based on the MD&A text of the filing

6-Month Cash Flows and Semrush Acquisition

Adobe said cash flows from operations for the 6 months ended May 29, 2026 were $5.12 billion, up $450 million or 10%. The company cited the Semrush acquisition in Q2 of fiscal 2026 as the primary driver of net cash used in investing activities of $1.24 billion.

Source · Based on the MD&A text of the filing

Share Repurchase Authorization Balance and Debt

Adobe said it repurchased shares for $4.59 billion during the 6 months and the remaining authorization for repurchases as of May 29, 2026 was $26.78 billion. As of that date, senior notes outstanding were $6.15 billion and commercial paper was $494 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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