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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And partners like Adobe, Databricks, Genspaw, Glean, NVIDIA, SAP, ServiceNow, and Workday are already integrating agent 365.”
Adobe is named among partners integrating Microsoft's Agent 365 control plane, indicating an Adobe-Microsoft agent-governance integration.
“Hundreds of partners like Adobe, SAP, ServiceNow and Workday have built their own third-party agents that integrate with Copilot and Teams.”
Adobe built third-party agents integrating with Microsoft Copilot and Teams, distinct from its earlier-cited role as a large Copilot seat customer.
“And Adobe, KPMG, Pfizer, Wells Fargo all purchased over 25,000 seats this quarter.”
Adobe purchased over 25,000 Microsoft 365 Copilot seats this quarter, part of a wave of large enterprise seat buys.
“We have made progress with other software companies like Adobe in leveraging those assets.”
HP is working with software partners including Adobe to leverage GPU/NPU capabilities in its AI PCs.
“With Adobe and Typeface, we are modernizing the enterprise marketing function and enabling cutting-edge customer experiences and content by moving manual workflows to agentic orchestration.”
Cognizant partners with Adobe to modernize enterprise marketing functions via agentic orchestration.
“we really want to talk to you now about our Marketing Cloud choice. And we're looking at Adobe and how should we think about that?”
A large healthcare customer was weighing Adobe against Salesforce Marketing Cloud and, per Salesforce's account, ultimately chose Salesforce, implying a competitive loss for Adobe in that deal.
“Key ISV partners, such as Adobe and Zoom, are shifting workloads locally to take advantage of the NPU.”
Adobe is cited as a key ISV partner shifting application workloads locally to run on the AIPC NPU, a read-through on Adobe adopting on-device AI.
“We've been working very closely with a lot of those vendors, the likes of Adobe”
Omnicom is working closely with adtech/martech vendors such as Adobe as the ecosystem adopts agent-based frameworks.
“we also continue to see partners like Adobe, SAP, ServiceNow and Workday build their third-party agents and integrate with Copilot.”
Adobe is cited as a partner building third-party AI agents that integrate with Microsoft Copilot.
“and as you know, we're Adobe's major partner, require the right data foundation and they require really the reinvention of processes.”
Accenture describes itself as Adobe's major implementation partner for marketing/creative technology (Accenture Song), underscoring an ecosystem partnership.
“we signed a multifaceted partnership with Adobe, where Fiserv will be utilizing Adobe's industry-leading marketing automation tools to drive lead generation within our commercial mid-market segment. Additionally, Fiserv has been named a goal partner in Adobe's partner ecosystem, supporting the rollout of our newly launched Commerce Hub plug-in built on Adobe Commerce.”
New multifaceted partnership: Fiserv uses Adobe's marketing automation for lead generation and was named a partner in Adobe's ecosystem, supporting a Commerce Hub plug-in built on Adobe Commerce.
“Give you an example, like, Adobe, for example, has been using our AgenTek platform to bring together a lot of the various processes and use our AI agents with an orchestrator to automate their whole lead management, their back end systems, that's using our platform today.”
Adobe is using ServiceNow's AgenTek AI-agent platform to automate lead management and back-end processes, cited as an early adopter proof point for the new agentic platform.
“We expect our pending acquisition of Semrush will expand our offering to provide marketers with a comprehensive solution”
Adobe's pending acquisition of Semrush is expected to expand its brand-visibility/marketing offering across LLMs, search and the wider web.
“a broad ecosystem of advertising platforms, including Amazon Ads, Google, LinkedIn and Meta”
Adobe integrates GenStudio activation workflows with Meta's advertising platform, a read-through to Meta as an ad-distribution partner for Adobe content.
“a broad ecosystem of advertising platforms, including Amazon Ads, Google, LinkedIn and Meta”
Adobe GenStudio-created assets flow into Amazon Ads among other ad platforms, integrating Adobe's content supply chain with Amazon's advertising business.
“if you look at the larger companies like Google, we're actually with them and with Nano Banana, it's been a great partnership because we are providing them with a lot of customers and they're providing us with great technology”
Adobe describes a strong partnership with Google around the Nano Banana model, exchanging Adobe's customer reach for Google's generative AI technology.
“we intend to integrate with leading AI platforms such as Anthropic, Google, Microsoft, NVIDIA and OpenAI, providing customers with access, choice and flexibility”
Adobe names NVIDIA among the leading AI platforms it intends to integrate with as part of its multi-platform AI strategy.
“we intend to integrate with leading AI platforms such as Anthropic, Google, Microsoft, NVIDIA and OpenAI, providing customers with access, choice and flexibility”
Adobe intends to integrate with Microsoft's AI platform (e.g., Copilot), extending Adobe's reach across Microsoft's ecosystem.
“we intend to integrate with leading AI platforms such as Anthropic, Google, Microsoft, NVIDIA and OpenAI, providing customers with access, choice and flexibility”
Adobe intends to integrate its applications with Google's AI platform, positioning Google as a distribution surface for Adobe creativity/productivity workflows.
“On November 19, we announced the intent to acquire Semrush Holdings for an equity value of approximately $1.9 billion in an all-cash transaction.”
Adobe agreed to acquire Semrush (~$1.9B all-cash) to add search/generative engine optimization and brand-visibility assets to its marketing suite.
“significantly expanded Firefly to become the only app with our own commercially safe models and over 25 leading partner models, including Google, OpenAI, Black Forest Labs, Luma, Runway, Topaz Labs, and Eleven Labs”
Adobe integrates OpenAI among 25+ third-party partner models available inside Firefly, positioning OpenAI as a model supplier consumed through Adobe's generative-credit economy.
“In partnership with Google and YouTube, we are introducing AI-driven audio and video tools to streamline how creators remix YouTube Shorts, which receive 200 billion daily views.”
Adobe's Premiere Mobile launch is built in partnership with Google/YouTube, tying Adobe's creator tools directly into YouTube Shorts distribution (200B daily views), a positive signal for YouTube's creator ecosystem.
“Expanded ad network partnerships with Amazon, Google, LinkedIn, Microsoft, Snap, and TikTok”
Adobe lists Microsoft (and LinkedIn) among expanded ad-network partners, underscoring Microsoft's advertising and Copilot ecosystems as integration points for Adobe's marketing stack.
“Expanded ad network partnerships with Amazon, Google, LinkedIn, Microsoft, Snap, and TikTok”
Adobe expanded ad-network partnerships including Amazon, positioning Amazon's ad network as a distribution surface for GenStudio content and reinforcing Amazon's advertising ecosystem as a demand channel.
Adobe grew revenue 12% year-over-year to $6.40 billion with non-GAAP EPS of $6.06 surging 19% as the creative freemium MAU base crossed 80 million growing 50% and AI-first application ARR more than tripled year-over-year. Generative credit consumption rose 45% quarter-over-quarter, indicating deepening AI adoption across the creative and enterprise user base. Management reaffirmed FY2026 targets with total Adobe ARR growing 10.9% to $26.06 billion.
Cloud & AI | Revenue Growth | Competitive Dynamics | Subscriber Growth | Pricing | Demand | Innovation & R&D | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 4 | 2 | 5 | 4 | 1 | 1 | 1 |
| 2025Q1 | 6 | 5 | 2 | 1 | 2 | 2 | ||
| 2025Q2 | 4 | 4 | 4 | 1 | 3 | 1 | 1 | |
| 2025Q3 | 11 | 4 | 2 | 1 | 1 | 1 | 3 | |
| 2025Q4 | 5 | 3 | 2 | 1 | 2 | 2 | 1 | |
| 2026Q1 | 3 | 6 | 3 | 2 | 1 | 1 | ||
| 2026Q2 | 1 | 2 | 3 | 3 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 4 | 6 | 4 | 11 | 5 | 3 | 1 |
| Revenue Growth | 4 | 5 | 4 | 4 | 3 | 6 | 2 |
| Competitive Dynamics | 2 | 2 | 4 | 2 | 2 | 3 | 3 |
| Subscriber Growth | 5 | 1 | 1 | 1 | 1 | 2 | 3 |
| Pricing | 4 | 3 | 1 | 2 | 1 | ||
| Demand | 1 | 2 | 1 | 2 | 1 | 2 | |
| Innovation & R&D | 1 | 2 | 1 | 3 | |||
| Guidance Reliability | 1 | 1 | 1 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alex Zukin | Wolfe Research | 11 (18%) |
| Keith Weiss | Morgan Stanley | 8 (13%) |
| Mike Turrin | Wells Fargo |
| Saket Kalia | Barclays | 5 (0%) |
| Mark Murphy | JPMorgan | 5 (0%) |
| Brent Thill | Jefferies | 5 (20%) |
| Brad Zelnick | Deutsche Bank | 4 (25%) |
| Kirk Materne | Evercore ISI | 4 (25%) |
| Mark Moerdler | Bernstein | 3 (0%) |
| Kash Rangan | Goldman Sachs | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 | 11 (18%) |
| Morgan Stanley | 1 | 8 (13%) |
| Jefferies | 2 | 7 (14%) |
| Wells Fargo | 1 | 6 (0%) |
| Barclays | 1 | 5 (0%) |
| JPMorgan | 1 | 5 (0%) |
| Deutsche Bank | 1 | 4 (25%) |
| Evercore ISI | 1 | 4 (25%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ADBE Adobe Inc. | 9 | +12.7% | |
| AKAM Akamai Technologies | 6 | +5.8% | |
| CPAY Corpay | 8 | +25.4% | |
| CRWD CrowdStrike | 10 | +25.6% | |
| CRWV CoreWeave, Inc. Class A Common Stock | 8 | +111.7% | |
| FFIV F5, Inc. | 8 | +11.0% | |
| FTNT Fortinet | 10 | +20.1% | |
| GDDY GoDaddy | 7 | +6.1% | |
| GEN Gen Digital | 6 | +27.0% | |
| MSFT Microsoft Corporation | 8 | +18.3% | |
| NET Cloudflare, Inc. | 10 | +33.5% | |
| ORCL Oracle Corporation | 9 | +20.6% | |
| PANW Palo Alto Networks | 9 | +31.1% | |
| PLTR Palantir Technologies | 10 | +84.7% | |
| SNPS Synopsys | 7 | +41.9% | |
| VRSN Verisign | 7 | +6.6% | |
| XYZ Block, Inc. | 8 | +4.9% | |
| ZS Zscaler | 9 | +25.4% |