en.Wedoany.com Reported - Adobe Inc. reported its fiscal 2026 second-quarter results, with total operating revenue of $6.618 billion, a year-over-year increase of 12.69%, surpassing market expectations of $6.46 billion.
According to the financial report, the company's gross profit for the second quarter was $5.903 billion, up 12.76% year-over-year, with a gross margin of 89.20%, an increase of 0.06 percentage points from the same period last year. Net profit attributable to parent company was $1.712 billion, up 1.24% year-over-year. Operating cash flow was $2.165 billion, a slight decrease of 1.19% year-over-year. Basic earnings per share were $4.26, up 7.85% year-over-year, while diluted earnings per share were $4.25, up 7.87% year-over-year. The debt-to-asset ratio stood at 61.52%, an increase of 0.92 percentage points year-over-year.
Second-quarter revenue hit a quarterly record, with subscription revenue reaching $6.390 billion, up 14% year-over-year. Driven by AI technology, demand across the entire customer base remained strong. AI-first Annual Recurring Revenue (ARR) exceeded $500 million, tripling year-over-year. Under Generally Accepted Accounting Principles (GAAP), net profit was $1.712 billion, up 1.24% year-over-year, while non-GAAP net profit was $2.4 billion, up 10.66% year-over-year. GAAP diluted earnings per share were $4.25, and non-GAAP diluted earnings per share were $5.96.
End-of-period Annual Recurring Revenue (ARR) reached $27.10 billion, including approximately $480 million from Semrush, with overall ARR scale continuing to expand. The company raised its full-year fiscal 2026 guidance: total revenue guidance was increased from previous levels to a range of $26.5 billion to $26.6 billion, and non-GAAP diluted earnings per share guidance was raised to a range of $24.35 to $24.45. For the third fiscal quarter, total revenue guidance is set at $6.670 billion to $6.720 billion, GAAP diluted earnings per share guidance at $4.40 to $4.45, and non-GAAP diluted earnings per share guidance at $6.05 to $6.10. On the management side, current Chief Financial Officer (CFO) Dan Durn will depart on June 15, 2026, with Steve Day assuming the role of interim CFO. The company stated that the management transition will be smooth.
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