Adobe prepares for Q3 earnings report amid generative AI competition

Adobe is scheduled to report its fiscal third-quarter 2026 earnings after the market closes on September 10. Wall Street analysts expect the software company to report adjusted earnings per share of $6.09 on revenue of approximately $6.7 billion. This would represent a projected 14.7% increase in earnings and an 11.9% increase in revenue compared to the same period last year.

Investors are closely monitoring how generative artificial intelligence affects Adobe’s business model. While the company is integrating its Firefly AI tools into its Creative Cloud ecosystem, it faces competition from generative AI engines like OpenAI’s Sora and design platforms such as Canva and Figma. Adobe’s stock has experienced volatility recently, down 26% heading into the report, as the market weighs the potential for AI to both drive new revenue and disrupt traditional creative workflows.