Adobe (NASDAQ:ADBE) Issues Q4 2026 Earnings Guidance

Posted by Brian Himes on Sep 10th, 2026

Adobe (NASDAQ:ADBE – Get Free Report) updated its fourth quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 6.300-6.350 for the period, compared to the consensus EPS estimate of 6.090. The company issued revenue guidance of $6.8 billion-$6.9 billion, compared to the consensus revenue estimate of $6.8 billion. Adobe also updated its FY 2026 guidance to 24.450-24.500 EPS.

Adobe Price Performance

Shares of Adobe stock traded down $6.03 on Thursday, reaching $248.83. 8,284,082 shares of the stock were exchanged, compared to its average volume of 5,789,943. The firm’s 50 day moving average is $252.31 and its 200-day moving average is $245.66. Adobe has a one year low of $190.12 and a one year high of $370.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $98.91 billion, a PE ratio of 14.24, a P/E/G ratio of 0.89 and a beta of 1.42.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $5.06 EPS. As a group, analysts anticipate that Adobe will post 19.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADBE has been the subject of several recent analyst reports. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. JPMorgan Chase & Co. lowered their price target on Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Stifel Nicolaus upped their price objective on Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Phillip Securities lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $280.32.

Read Our Latest Stock Analysis on Adobe

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Ricks purchased 10,000 shares of the stock in a transaction dated Thursday, June 25th. The shares were bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe is expanding Acrobat beyond traditional PDFs into an AI-powered productivity platform featuring enterprise search, content creation and other workflow tools. Management hopes broader adoption will create new growth opportunities and strengthen its position against Microsoft and Alphabet. Adobe Acrobat evolves beyond PDFs with enterprise search, AI content creation
Positive Sentiment: Adobe’s AI initiatives, including Firefly and AI features embedded in Acrobat and Premiere, could help demonstrate monetization and support a more constructive earnings narrative. Analysts expect approximately $6.7 billion of revenue and adjusted EPS near $6.08 for the quarter.
Neutral Sentiment: The report is expected to be broadly in line with guidance, with Jefferies projecting 11.8% year-over-year revenue growth. Investors will focus less on the quarter’s headline results and more on remaining performance obligations, annual recurring revenue, AI demand, Firefly adoption and guidance.
Neutral Sentiment: Options markets imply a sizable post-earnings move, reflecting unusually high uncertainty. Adobe previously exceeded its EPS consensus estimate, but historical earnings reactions have often been negative despite such beats.
Negative Sentiment: AI-native competitors and products from Microsoft and Alphabet are raising questions about Adobe’s pricing power and long-term growth. Analysts also cite mixed demand, tougher comparisons and persistent concerns about subscription growth and the company’s freemium push. Adobe earnings preview: ARR concerns persist amid freemium push
Negative Sentiment: The appointment of Anil Chakravarthy as incoming CEO, alongside an interim CFO and the end of Shantanu Narayen’s tenure, has increased execution risk. OpenAI also reportedly restricted advertising from competing image- and audio-generation products, potentially limiting a marketing channel Adobe had used. OpenAI restricts rival AI ad campaigns in ChatGPT

Hedge Funds Weigh In On Adobe

Large investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the third quarter valued at about $26,000. Swiss RE Ltd. acquired a new position in shares of Adobe in the fourth quarter valued at approximately $32,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of Adobe by 77.8% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 96 shares of the software company’s stock valued at $34,000 after buying an additional 42 shares during the period. SWAN Capital LLC raised its holdings in Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares during the last quarter. Finally, Sfam LLC bought a new position in Adobe in the 4th quarter valued at approximately $45,000. 81.79% of the stock is currently owned by institutional investors.

About Adobe

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Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.