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Investing.com -- Adobe Inc. (NASDAQ:ADBE) topped Wall Street's third-quarter estimates on robust subscription growth, though shares edged down 2.5% after the software maker delivered a fourth-quarter revenue forecast that fell just short of expectations.
The software company posted adjusted earnings per share of $6.13 for the third quarter, surpassing the analyst consensus of $6.07. Revenue reached $6.76 billion, beating the $6.69 billion estimate and representing 13% growth YoY. For the fourth quarter, Adobe issued revenue guidance of $6.80 billion to $6.85 billion, with a midpoint of $6.825 billion that falls short of the $6.85 billion analyst consensus. The company expects fourth quarter adjusted EPS of $6.30 to $6.35, with a midpoint of $6.325 billion matching the $6.30 consensus.
Adobe raised its full-year fiscal 2026 revenue guidance to a range of $26.576 billion to $26.626 billion and increased its full-year adjusted EPS target to $24.45 to $24.50. The company also announced reaching a milestone of more than one billion monthly active users across its creativity and productivity solutions.
"Adobe delivered record Q3 results, reflecting the strength of our AI innovation, expanding customer reach and leadership across creativity, productivity and customer experience," said Shantanu Narayen, chair and CEO.