Adobe AI revenue grows 150% as Skyworks completes Qorvo merger

Adobe has reported that its AI-first ending annualized recurring revenue (ARR) has exceeded $650 million, representing a growth of more than 150% year over year. The company’s total ending ARR reached $27.50 billion, and Adobe has increased its fiscal 2026 revenue outlook to a range between $26.576 billion and $26.626 billion.

In the semiconductor sector, Skyworks Solutions recently completed its merger with Qorvo on October 5. Skyworks aims to achieve at least $500 million in annual cost synergies within 24 to 36 months following the integration. The company has also authorized up to $2 billion in share repurchases and will cease declaring quarterly dividends.

Activist investor Starboard Value has expressed significant upside potential for Skyworks following the merger. Starboard suggests that the market has undervalued Skyworks shares and believes the combined company is well-positioned to capitalize on the semiconductor industry through improved profitability and complementary product portfolios in wireless communications and radio-frequency technology.