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Sep 01, 2023
Adobe Q3 2023 Earnings Report
Adobe's Q3 fiscal year 2023 results were released, demonstrating record revenue and EPS growth.
Key Takeaways
Adobe achieved record revenue of $4.89 billion in Q3 fiscal year 2023, representing 10% year-over-year growth. The company's EPS grew by over 20% year-over-year, with GAAP EPS at $3.05 and non-GAAP EPS at $4.09.
Adobe achieved record Q3 net new Digital Media ARR of $464 million.
The company delivered EPS growth exceeding 20 percent year over year.
Total revenue reached $4.89 billion, a 10% year-over-year increase.
GAAP operating income was $1.70 billion, and GAAP net income was $1.40 billion.
Adobe
Adobe
Adobe Revenue by Segment
Revenue by Segment
Digital Media Revenue
CapyFin.comDigital Experience Revenue
CapyFin.com Forward Guidance
Adobe provided fourth quarter targets that factor in current macroeconomic conditions and typical year-end seasonal strength.
Positive Outlook
- Total revenue is expected to be between $4.975 billion and $5.025 billion.
- Digital Media net new ARR is expected to be approximately $520 million.
- Digital Media segment revenue is projected to be between $3.67 billion and $3.70 billion.
- Digital Experience segment revenue is anticipated to be between $1.25 billion and $1.27 billion.
- Non-GAAP EPS is expected to be between $4.10 and $4.15.
Revenue & Expenses
Visualization of income flow from segment revenue to net income