Adobe (NASDAQ:ADBE) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Posted by Geri Gentry on Sep 10th, 2026

Adobe (NASDAQ:ADBE – Get Free Report) announced its quarterly earnings results on Thursday. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05, FiscalAI reports. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe updated its Q4 2026 guidance to 6.300-6.350 EPS and its FY 2026 guidance to 24.450-24.500 EPS.

Adobe Stock Down 2.4%

Shares of NASDAQ ADBE traded down $6.03 during mid-day trading on Thursday, hitting $248.83. The company had a trading volume of 9,819,157 shares, compared to its average volume of 5,808,084. The company has a market capitalization of $98.91 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.42. The business’s 50-day simple moving average is $252.31 and its 200 day simple moving average is $245.66. Adobe has a 1-year low of $190.12 and a 1-year high of $370.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

Insider Buying and Selling at Adobe

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SWAN Capital LLC increased its position in shares of 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 purchasing an additional 31 shares during the last quarter. Logan Capital Management Inc. lifted its stake in Adobe by 0.3% during the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after purchasing an additional 32 shares during the last quarter. Vista Capital Partners Inc. boosted its holdings in Adobe by 5.8% in the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock valued at $241,000 after purchasing an additional 34 shares in the last quarter. Front Street Capital Management Inc. increased its stake in Adobe by 8.2% in the second quarter. Front Street Capital Management Inc. now owns 541 shares of the software company’s stock valued at $209,000 after purchasing an additional 41 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its stake in 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 purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research report on Friday, June 12th. BMO Capital Markets reduced their price objective on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a report on Friday, June 12th. Bank of America increased their target price on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. Piper Sandler cut their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Finally, Phillip Securities cut Adobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $280.32.

Read Our Latest Analysis on ADBE

Adobe News Summary

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

About Adobe

(Get Free Report)

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.

Earnings History for Adobe (NASDAQ:ADBE)

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