Adobe is set to report third-quarter earnings on September 10, with analysts expecting a beat and raise. Consensus EPS is $6.09, a 14.7% year-over-year increase, and revenue is expected to rise nearly 12% to $6.7 billion. However, concerns persist over the annual recurring revenue (ARR) metric, as the company's freemium push led to a cut in organic FY26 ARR growth guidance to about 8%. BNP analyst Stefan Slowinski noted that freemium offerings have slower monetization ramps, while Citi analysts see an achievable setup for Q3. Additionally, the surprise appointment of Anil Chakravarthy as CEO last week is likely to be a major talking point on the earnings call.
Adobe Systems IncorporatedQ3 earnings preview with expected beat/raise but ARR growth guidance cut to ~8% on slower freemium monetization, plus new CEO appointment.
Citigroup Inc.