Adobe Q3 Earnings Call Centers on Agentic AI and Freemium

Adobe reported Q3 FY2026 earnings beating estimates with $6.76B in revenue and $6.13 EPS. The company is prioritizing agentic AI as its next platform shift and emphasizing user acquisition through freemium models over immediate pricing increases. AI-first ARR exceeded $650M with 150%+ YoY growth. Leadership transition announced with Anil Chakravarthy becoming CEO on Dec. 1. Full-year guidance raised while maintaining 10.2% ARR growth target.