- Adobe press release (NASDAQ:ADBE): Q3 Non-GAAP EPS of $5.31 beats by $0.13.
- Revenue of $5.99B (+10.7% Y/Y) beats by $80M.
- Exiting the quarter, Remaining Performance Obligations (“RPO”) were $20.44 billion, and Current Remaining Performance Obligations (“cRPO”) were 67 percent.
- Adobe repurchased approximately 8.0 million shares during the quarter.
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Financial Targets
The following table summarizes Adobe’s fourth quarter fiscal year 2025 targets, which assumes current macroeconomic conditions1:
Total revenue
$6.075 billion to $6.125 billion vs consensus of $6.09B
Digital Media segment revenue
$4.53 billion to $4.56 billion
Digital Experience segment revenue
$1.495 billion to $1.515 billion
Digital Experience subscription revenue
$1.395 billion to $1.410 billion
Earnings per share
GAAP: $4.27 to $4.32
Non-GAAP: $5.35 to $5.40 vs consensus of $5.34
1 Targets assume non-GAAP operating margin of ~45.5 percent, non-GAAP tax rate of ~18.5 percent and diluted share count of ~418 million for fourth quarter fiscal year 2025.
The following updated table summarizes Adobe’s fiscal year 2025 targets, which assumes current macroeconomic conditions2:
Total revenue
$23.65 billion to $23.70 billion vs consensus of $23.57B
Digital Media segment revenue
$17.56 billion to $17.59 billion
Digital Media ending ARR growth
11.3% year over year
Digital Experience segment revenue
$5.84 billion to $5.86 billion
Digital Experience subscription revenue
$5.39 billion to $5.41 billion
Earnings per share
GAAP: $16.53 to $16.58
Non-GAAP: $20.80 to $20.85 vs consensus of $20.58
- Shares +6.74% AH.
Adobe Non-GAAP EPS of $5.31 beats by $0.13, revenue of $5.99B beats by $80M
