Adobe 2026年季度报告

FORM 10-Q (Mark One) For the quarterly period ended February27, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR15(d)OFTHE SECURITIESEXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 000-15175 ADOBE INC. (Exact name of registrant as specified in its charter)________________________________ 77-0019522(I.R.S. EmployerIdentification No.) 345 Park Avenue, San Jose, California 95110-2704(Address of principal executive offices and zip code) (408)536-6000(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large acceleratedfiler☒Acceleratedfiler☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of March20, 2026, 404.2 million shares of the registrant’s common stock, $0.0001 par value per share, were issued andoutstanding. ADOBE INC.FORM 10-Q TABLE OF CONTENTS Page No. PART I—FINANCIAL INFORMATION Item1.Condensed Consolidated Financial Statements:3Condensed Consolidated Balance SheetsFebruary 27, 2026 and November 28, 20253Condensed Consolidated Statements of IncomeThree Months Ended February 27, 2026 and February 28, 20254Condensed Consolidated Statements of Comprehensive IncomeThree Months Ended February 27, 2026 and February 28, 20255Condensed Consolidated Statements of Stockholders’ EquityThree Months Ended February 27, 2026 and February 28, 20256Condensed Consolidated Statements of Cash FlowsThree Months Ended February 27, 2026 and February 28, 20257Notes to Condensed Consolidated Financial Statements8Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item3.Quantitative and Qualitative Disclosures about Market Risk35Item4.Controls and Procedures35PART II—OTHER INFORMATIONItem1.Legal Proceedings36Item1A.Risk Factors36Item2.Unregistered Sales of Equity Securities and Use of Proceeds48Item 5.Other Information48Item6.Exhibits49Signature51 ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ADOBE INC. (In millions, except par value) See accompanying notes to condensed consolidated financial statements. ADOBE INC. (In millions, except per share data) (Unaudited) ADOBE INC. (In millions) (Unaudited) ADOBE INC. (In millions) (Unaudited) See accompanying notes to condensed consolidated financial statements. ADOBE INC. (In millions) (Unaudited) ADOBE INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1.BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES We have prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules andregulations of the U.S. Securities and Exchange Commission (the “SEC”). Pursuant to these rules and regulations, we have condensedor omitted certain information and footnote disclosures we normally include in our annual consolidated financial statements preparedin accordance with generally accepted accounting principles in the United States (“GAAP”). In management’s opinion, we have madeall adjustments (consisting only of normal, recurring adjustments, except as otherwise indicated) necessary to fairly present ourfinancial position, results of operations and cash flows. Our interim period operating results do not necessarily indicate the results thatmay be expected for any other interim period or for the full fiscal year. These financial statements and accompanying notes should beread in conjunction with the consolidated financial statements and notes thereto in our Annual Report on Form10-K for the fiscal yearended November28, 2025 on file with the SEC (our “Annual Report”). Us