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Adobe's first fiscal quarter revenue increased by 12% year-over-year to $6.4 billion
Adobe’s latest earnings report shows that revenue for the first fiscal quarter increased by 12% year-over-year to $6.4 billion; adjusted earnings per share grew approximately 19.3% year-over-year to $6.06, both surpassing analyst expectations.
AI-first products represented by Firefly saw ARR grow more than double year-over-year, and Adobe’s platform has 850 million monthly active users, demonstrating strong commercialization potential.
CEO Narayen, who has served for 18 years, announced he will step down after a successor is confirmed; he previously led Adobe through a successful transformation to a cloud subscription model and digital experience platform.
For the second fiscal quarter, Adobe expects revenue between $6.43 billion and $6.48 billion, with adjusted EPS ranging from $5.80 to $5.85.