ADBE vs OKTA

Adobe reported record Q1 FY2026 results driven in part by AI-related momentum: management highlighted that AI-first ARR more than tripled year-over-year and emphasized accelerating AI-powered capabilities across creativity, productivity and customer experience orchestration. Financials: total revenue $6.40B (+12% YoY), non-GAAP operating income $3.04B, non-GAAP net income $2.49B, operating cash flow $2.96B. Company provided Q2 revenue guidance of $6.43B–$6.48B and EPS guidance (GAAP $4.35–$4.40; Non-GAAP $5.80–$5.85) and reaffirmed FY2026 targets. The release contains strong AI positioning but does not disclose specific AI product names, primitives, developer tooling, or external AI partnerships.

Okta emphasizes positioning as the independent identity platform to secure AI agents and machine identities, highlighting AI agent security as a commercial focus. The release contains direct CEO messaging on securing AI agents and references to protecting 'AI, machine, and human identity.' No discrete branded AI products, primitives, developer tools, or external AI partnerships were named. Financially, Okta reported Q4 total revenue of $761M (up 11% YoY), non-GAAP operating income of $202M, GAAP net income of $63M, and Q4 free cash flow of $252M. Guidance provided: Q1 FY27 revenue $749M–$753M and FY27 revenue $3.170B–$3.190B; non-GAAP EPS guidance $0.84–$0.86 (Q1) and $3.74–$3.82 (FY). Management attributes performance to product adoption and customer trust while noting conservative guidance amid market conditions and a planned shift of professional services to partners that creates a ~1 point revenue headwind.