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Adobe (ADBE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended May 2026, Adobe Systems (ADBE - Free Report) reported revenue of $6.62 billion, up 12.7% over the same period last year. EPS came in at $5.96, compared to $5.06 in the year-ago quarter.

The reported revenue represents a surprise of +2.5% over the Zacks Consensus Estimate of $6.46 billion. With the consensus EPS estimate being $5.83, the EPS surprise was +2.2%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total Adobe Annualized Recurring Revenue (ARR): $27.1 billion versus the two-analyst average estimate of $26.61 billion.
  • Revenue- Services and other: $113 million versus the five-analyst average estimate of $136.16 million. The reported number represents a year-over-year change of -21.5%.
  • Revenue- Subscription: $6.42 billion versus $6.25 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
  • Revenue- Products: $89 million versus $69.87 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.

View all Key Company Metrics for Adobe here>>>

Shares of Adobe have returned -1.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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