Adobe is expected to report fiscal Q3 2026 revenue of roughly $6.69 billion and non-GAAP earnings per share of about $6.08 after the bell today. The company’s guidance calls for revenue between $6.67 billion and $6.72 billion, with EPS between $6.05 and $6.10. Adobe’s AI-first annual recurring revenue (contracted subscription revenue) exceeded $500 million in Q2, more than tripling from a year earlier, while Firefly, its generative AI image and video tools, was approaching $300 million in ARR. Investors will look for updated AI revenue figures and evidence that AI features are converting free users into paying subscribers. Creative Cloud monthly active users reached approximately 90 million in Q2, up 50% year over year, although Adobe has said the freemium expansion weighs on near-term ARR because many users are not paying. Adobe also announced that Shantanu Narayen will become Executive Chair and Anil Chakravarthy will become President and CEO effective December 1, 2026. The prior quarter included record revenue of $6.62 billion, up 13% year over year, and non-GAAP EPS of $5.96, which exceeded analyst estimates.