Adobe (ADBE) Q1 earnings: How key metrics compare to Wall Street estimates

Zacks Zacks Investment Research

For the quarter ended February 2026, Adobe Systems (ADBE - Free Report) reported revenue of $6.4 billion, up 12% over the same period last year. EPS came in at $6.06, compared to $5.08 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $6.28 billion, representing a surprise of +1.86%. The company delivered an EPS surprise of +3.1%, with the consensus EPS estimate being $5.88.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue- Services and other: $110 million versus $110.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -19.1% change.
Revenue- Subscription: $6.2 billion compared to the $6.09 billion average estimate based on four analysts. The reported number represents a change of +13% year over year.
Revenue- Products: $90 million versus the four-analyst average estimate of $74.8 million. The reported number represents a year-over-year change of -5.3%.

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