ADBE vs SHOP

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.

Shopify reports strong FY2025 results ($11.556B revenue, 30% YoY growth, $2.007B free cash flow) and positions AI as a core strategic focus. Management highlights 'AI commerce' and says it is investing in named initiatives/products — Sidekick, Catalog, and the Universal Commerce Protocol — to improve product discovery and purchase flows. Commentary links AI-driven buyer discovery to continued investment while maintaining margins. No numeric revenue or EPS guidance was provided for AI-specific products; Q1 2026 revenue is guided as a low‑thirties percent growth rate rather than a dollar figure.