Adobe reported record Q3 results, exceeding revenue and earnings per share estimates with 12.9% year-over-year growth. The company's AI-driven business saw significant momentum, with Firefly ARR surging 40% and total AI-related annual recurring revenue surpassing $650 million. Despite these strong results and $2.23 billion in stock repurchases during the quarter, shares dipped due to soft sales guidance for the fourth quarter. Adobe is currently proceeding with a massive $25 billion share buyback program.
