Adobe Inc. (NASDAQ:ADBE – Free Report) – Equities researchers at KeyCorp increased their FY2026 earnings per share (EPS) estimates for shares of Adobe in a report released on Thursday, September 10th. KeyCorp analyst J. Ader now expects that the software company will post earnings per share of $20.02 for the year, up from their prior forecast of $19.87. KeyCorp has a “Underweight” rating and a $195.00 price target on the stock. The consensus estimate for Adobe’s current full-year earnings is $20.03 per share. KeyCorp also issued estimates for Adobe’s Q4 2026 earnings at $5.10 EPS and FY2027 earnings at $22.65 EPS.
Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%.The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the previous year, the business earned $5.31 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS.
View Our Latest Report on ADBE
Adobe Stock Down 3.0%
ADBE stock opened at $257.76 on Wednesday. The firm’s fifty day simple moving average is $255.22 and its 200-day simple moving average is $245.70. The company has a market capitalization of $102.46 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.75. Adobe has a 12 month low of $190.12 and a 12 month high of $370.86.
Insider Activity at Adobe
In other Adobe news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average cost 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.
Institutional Investors Weigh In On Adobe
Several large investors have recently bought and sold shares of ADBE. Anchor Investment Management LLC raised its holdings in shares of Adobe by 9.2% in the 2nd quarter. Anchor Investment Management LLC now owns 19,180 shares of the software company’s stock valued at $3,932,000 after purchasing an additional 1,608 shares in the last quarter. U S Wealth Group LLC. raised its position in Adobe by 98.2% in the 2nd quarter. U S Wealth Group LLC. now owns 12,841 shares of the software company’s stock valued at $2,633,000 after purchasing an additional 6,361 shares during the last quarter. Capstone Financial Advisors Inc. acquired a new stake in shares of Adobe during the second quarter worth about $240,000. MCF Advisors LLC lifted its position in Adobe by 65.3% during the 2nd quarter. MCF Advisors LLC now owns 443 shares of the software company’s stock worth $91,000 after acquiring an additional 175 shares during the period. Finally, Archford Capital Strategies LLC purchased a new position in Adobe in the 2nd quarter valued at $3,370,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Adobe News Roundup
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe’s fiscal Q3 2026 revenue increased 13% year over year to $6.76 billion, exceeding expectations, while adjusted EPS of $6.13 also beat consensus. Management raised its fiscal 2026 revenue and earnings targets, reinforcing the company’s cash-generation and profitability profile. Should You Buy Adobe Stock At $260?
- Positive Sentiment: AI-first annualized recurring revenue reportedly surged more than 150%, and Adobe’s new AI-powered Student Spaces features could broaden product adoption. These developments helped Adobe shares rise alongside enterprise software stocks as investors rotated away from AI hardware and semiconductor names. Adobe Stock Jumps 4.2% as Investors Reassess the AI Software Trade
- Positive Sentiment: Some commentators view Adobe as significantly undervalued after its recent decline, citing free-cash-flow margins above 40% and the possibility of a short squeeze if sentiment improves. DA Davidson also raised its price target to $290 and maintained a buy rating. Jim Cramer Says Adobe Could Be a Short-Squeeze Candidate
- Neutral Sentiment: Investor debate centers on whether Adobe’s large user base and AI product expansion will translate into stronger monetization. The company has about $27.5 billion in annualized recurring revenue, but analysts are waiting for clearer evidence that AI adoption accelerates growth.
- Negative Sentiment: Adobe maintained its fiscal 2026 ending ARR growth target at 10.2%, while new ARR and forward guidance remained a concern. Analysts also cited competition, the freemium strategy and uncertainty surrounding the CEO transition as reasons for caution. Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Negative Sentiment: KeyCorp reiterated an “Underweight” rating and a $195 price target, well below recent trading levels, reflecting concern that earnings growth may not offset slower recurring-revenue expansion. Recent insider activity has also consisted entirely of sales, including sales by CEO Shantanu Narayen. Adobe analyst estimates and market data
Adobe Company Profile
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.
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