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ADBE · Adobe Inc.

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$239.42 +1.73 (+0.73%)
Market Cap
$89.66B
Shares
389.20M
Volume · Oct 2 3.12M Avg daily vol (3M) 5.13M

Price & Indicators

Drag to pan · scroll to zoom
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$237.69 Open$243.05 Day$236.88–243.92 52W close$193.41–359.91 Avg vol 30d5.2M Short int18.5M · 4.8% float · 3.2d Short vol57% Last earningsSep 10, 2026 DataJan 2020–Oct 2026 Filing10-Q · Sep 22

Up next

Next earnings call
Dec 10, 2026 Est · unconfirmed · in 9 wks
filed Sep 22, 2026
call held Sep 10, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$25.97B
Trailing 12 months
Net income (TTM)
$7.28B
Trailing 12 months
Revenue growth YoY
+12.9%
Year over year
Operating margin
35.7%
Trailing 12 months
P / E (TTM)
13.3
Trailing earnings · reciprocal yield 7.5%
FCF yield
11.8%
TTM · current market cap
Return on invested capital
58.3%
Trailing 12 months
Net cash
−$724.00M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-6.7%
Year over year · fewer shares
Price change (1Y)
-32.4%
Trailing year
Short interest
4.8%
Latest settlement · 3.2 days to cover
View all 115 metrics

AI Brief

Q3 FY26 earnings call · Sep 10, 2026
Q3 FY26

TL;DR. Adobe posted record Q3 FY26 revenue of $6.76B (up 12% in constant currency) and raised full-year FY26 revenue and EPS targets. However, net new ARR declined 36-37% year-over-year and RPO growth slowed to 8%, the first single-digit growth since early fiscal 23.

Bullish
  • + Adobe raised full-year FY26 revenue and EPS targets due to strong year-to-date performance. new
  • + Adobe reported record Q3 revenue of $6.76B, growing 12% in constant currency, with non-GAAP EPS of $6.13 up 15% year-over-year. new
  • + Adobe crossed 1 billion monthly active users across creativity and productivity solutions, with Creative freemium MAU surpassing $100M and growing greater than 70% year-over-year. new
  • + Adobe AI-first ending ARR exceeded $650 million and grew more than 150% year-over-year. new
Bearish
  • − Net new ARR declined approximately 36-37% year-over-year in Q3. new
  • − RPO growth slowed to 8% year-over-year, the first single-digit growth since early fiscal 23, while CRPO grew 9%. new
  • − Q4 FY26 guidance implies only modest sequential revenue growth in Creative and Marketing Professionals subscription revenue ($4.665-$4.695B). new
  • − Adobe faces a slight FX headwind heading into Q4 that is netting off the Q3 beat in the implied full-year raise. new

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Very Weak Sentiment Neutral Fundamentals Excellent Quant / Vol High
Market backdrop VIX 15.3 · calm Equity put/call 0.58
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −9%
below
Price vs 50-day avg −8%
below
RSI (14) 41
neutral
MACD trend Negative
52-week position 27%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −17%
trailing
6-month return −1%
trailing
YTD return −32%
this year
Relative strength −13%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $258 › 200d $260 — 200d above 50d
Institutional flow Accumulating
12 of 2,014 funds reported for Sep 30 · net +22.0K sh shares · +2 new
Insider flow Distributing
Net -$31.5M over 90 days · 100% sells
Short interest Rising
4.75% of float · ▲ +6.5% MoM · 3.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
2,014 holders — near 3-yr low, contrarian setup
Squeeze score 57
elevated · 0–100
Fundamentals
Excellent
Revenue growth +11%
Y/Y
Gross margin 89%
expanding
EPS growth +35%
Y/Y
Free cash flow $9.9B
Valuation P/E 12.9
below peers
Buyback $24.6B
remaining
Balance sheet $1.0B
net debt
Quant / Vol
risk profile
High
Volatility 41%
annualized · 1-yr
Max drawdown −46%
past year
ATR 3.9%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 6 of last 8
Latest guidance · from the 8-K filed Sep 10, 2026
Total revenue · FY2026 Initiated $26.58B – $26.63B
prior FY $23.77B midpoint +11.9% Y/Y
Business Professionals & Consumers subscription revenue · FY2026 Initiated $7.47B – $7.49B
Creative & Marketing Professionals subscription revenue · FY2026 Initiated $18.24B – $18.27B
Total Adobe ending ARR growth · FY2026 Maintained 10.2%
Jun 11, 2026 10.2% changed to Sep 10, 2026 10.2%
Guided vs delivered · last 8 settled
Total Adobe revenue fiscal year 2022
guided $17.9B
$17.61B Miss −1.6%
GAAP earnings per share (EPS) fiscal year 2022
guided $10.25
$10.10 Miss −1.5%
Revenue Q1 of fiscal 2022
guided $4.23B
$4.26B Beat +0.8%
GAAP EPS Q1 of fiscal 2022
guided $2.63
$2.66 Beat +1.1%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
3 · 4 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−9% Bearish
Price vs 50-day avg
−8% Bearish
RSI (14)
41 Neutral
MACD trend
Negative Bearish
52-week position
27% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $258 › 200d $260 — 200d above 50d
Institutional flow Accumulating
12 of 2,014 funds reported for Sep 30 · net +22.0K sh shares · +2 new
Insider flow Distributing
Net -$31.5M over 90 days · 100% sells
Short interest Rising
4.75% of float · ▲ +6.5% MoM · 3.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
2,014 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $193 Now $238 · 27% Range high $360
vs 200-day avg -9% vs 50-day avg -8%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Total Adobe ARR year-over-year growth 11.2% end of the third quarter of fiscal 2026 filing —
Adobe AI-first ARR year-over-year growth 150% Q3 FY2026 —
Monthly active users (MAU) across creativity and productivity solutions 1B Q3 FY2026 —
GAAP → non-GAAP reconciliation
GAAP GAAP net income 1.83B
+544M Stock-based and deferred compensation expense
+0M Impairment of goodwill
+58M Amortization of intangibles
+18M Acquisition-related expenses
+0M Loss contingency
-21M Investment (gains) losses, net
-2M Income tax adjustments
= Non-GAAP net income 2.42B
GAAP → non-GAAP reconciliation
GAAP GAAP operating income 2.35B
+544M Stock-based and deferred compensation expense
+0M Impairment of goodwill
+58M Amortization of intangibles
+18M Acquisition-related expenses
+0M Loss contingency
= Non-GAAP operating income 2.97B
GAAP → non-GAAP reconciliation
GAAP GAAP diluted net income per share $4.25
+$1.38 Stock-based and deferred compensation expense
+$0.17 Impairment of goodwill
+$0.12 Amortization of intangibles
+$0.01 Acquisition-related expenses
+$0.07 Loss contingency
-$0.04 Investment (gains) losses, net
+$0 Income tax adjustments
= Non-GAAP diluted net income per share $5.96
Annualized Recurring Revenue 26.06B Q1 FY2026 —
Digital Media Annualized Recurring Revenue year-over-year growth 11.7% Q3 FY2025 —
Digital Experience segment revenue 1.46B Q2 FY2025 —
Digital Media Annualized Recurring Revenue growth 12.1% Q2 FY2025 —
Digital Media segment revenue 4.35B Q2 FY2025 —
Non-GAAP diluted earnings per share non-GAAP $5.06 Q2 FY2025 —
RPO 19.96B FY2024 —
Net new Digital Media Annualized Recurring Revenue (ARR) 432M Q1 FY2024 —
Document Cloud ARR exiting fiscal 2023 non-GAAP $2.81B fiscal 2023 filing —
Total Digital Media ARR at the end of fiscal 2023 non-GAAP $15.17B fiscal 2023 filing —
Creative ARR exiting the second quarter of fiscal 2023 $11.64B exiting the second quarter of fiscal 2023 filing —
Document Cloud ARR exiting the second quarter of fiscal 2023 $2.5B exiting the second quarter of fiscal 2023 filing —
Total Digital Media ARR at the end of the second quarter of fiscal 2023 $14.14B end of the second quarter of fiscal 2023 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Software - Application — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
ADBE
Adobe Inc.
this stock
$89.66B -32.1% +10.5% 12.9 4.8%
QH
QUHUO Ltd
$350.35B +240.7% +59.7% — 0.0%
SAP
Sap SE
$243.17B -14.1% — — 0.4%
CRM
Salesforce, Inc.
$191.79B -11.4% +25.9% 21.3 3.9%
SHOP
Shopify Inc.
$183.03B -6.0% +30.1% 95.5 1.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
2,015
% held
96.3%
Reported
12 of 2,014
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,215
View
Short & Settlement
Short Interest Rising
Shares short
18.5M
Days to cover
3.2d
Change
+1.1M sh
View
Short Volume
Short vol %
57%
As of
Oct 2, 2026
Short Total
View
Fails to Deliver
FTD shares
509
Value
$128.4K
As of
Sep 14, 2026
View
Off-Exchange
Off-exchange %
45.8%
Week of
Aug 31, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$31.5M
Buyers / Sellers
0 / 2
Buyers Sellers
View
Congressional Trades Sell
Member
Kevin Hern
Amount
$15.0K–$50.0K
Traded
Aug 14, 2026
View
Financials
Financials
Revenue (FY)
$23.8B
Net income (FY)
$7.1B
EPS diluted
$16.70
View
Buybacks
Authorized
$25.0B
Remaining
$24.6B
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Sep 22, 2026
This year
12
View
Proposed Sales
Value
$31.4M
Shares
125.0K
Filed
Sep 16, 2026
View
Earnings & Events
Webcasts
Last webcast
Sep 10, 2026
View

Performance

5D 20D 120D MTD YTD
ADBE +0.9% -16.8% -1.0% -0.9% -32.1%
SPY -0.2% -0.5% +12.2% +0.9% +12.9%
vs SPY +1.2% -16.4% -13.2% -1.9% -45.0%

Capital returns

Buyback program · as of Aug 28, 2026
Authorized
$25.00B
Spent (derived)
$450.00M
Remaining
$24.55B
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 796343 CUSIP 00724F101 13F (30d) 56 filings 35 filers Visit website Investor relations