Adobe (ADBE) to Announce Quarterly Earnings on Thursday

Key Points

• Adobe is scheduled to report fiscal Q3 2026 results after Thursday’s market close, September 10. Analysts expect earnings of $6.07 per share and revenue of $6.694 billion, broadly in line with the company’s quarterly guidance of $6.05–$6.10 per share.
• Adobe exceeded estimates in its previous quarter, reporting $5.96 EPS and $6.62 billion in revenue, with revenue up 12.7% year over year. However, its reduced annual revenue outlook and concerns about slowing Creative growth remain investor focus areas.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $276.92 price target. AI initiatives—including the Rilo acquisition and expanded integration with Slack—could support growth, but competition from Google, Canva and Figma continues to pressure Adobe’s creative-software franchise.

Adobe (NASDAQ:ADBE - Get Free Report) is expected to be issuing its Q3 2026 results after the market closes on Thursday, September 10th. Analysts expect Adobe to post earnings of $6.07 per share and revenue of $6.6939 billion for the quarter. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Interested persons may review the information on the company's upcoming Q3 2026 earning summary page for the latest details on the call scheduled for Thursday, September 10, 2026 at 5:00 PM ET.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the firm earned $5.06 EPS. The business's quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Adobe to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Adobe Stock Performance

Shares of Adobe stock opened at $279.79 on Thursday. The company has a 50 day moving average of $246.07 and a 200-day moving average of $245.51. Adobe has a 1-year low of $190.12 and a 1-year high of $370.86. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a market cap of $111.22 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.00 and a beta of 1.42.

Analysts Set New Price Targets

ADBE has been the topic of a number of recent analyst reports. Oppenheimer reissued a "market perform" rating on shares of Adobe in a research note on Friday, June 12th. Wall Street Zen cut Adobe from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Morgan Stanley downgraded Adobe from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $365.00 to $240.00 in a report on Tuesday, July 21st. UBS Group lowered Adobe from a "buy" rating to an "equal weight" rating in a research note on Tuesday, July 21st. Finally, Bank of America boosted their price target on Adobe from $190.00 to $220.00 and gave the stock an "underperform" rating in a report on Wednesday, August 19th. Seven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $276.92.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe acquired India-based marketing-intelligence and AI-automation startup Rilo through a deal involving technology licensing and the addition of its team. The acquisition should strengthen Adobe’s “agentic” AI capabilities and represents its second Indian acquisition. Adobe acquires Indian market intelligence startup Rilo
• Positive Sentiment: Adobe is bringing Photoshop, Firefly, Acrobat, Express, Premiere, InDesign and more than 70 creative tools directly into Slack through an Adobe for Slack MCP app. Broader distribution through Slackbot could increase product usage, support AI adoption and create additional conversion opportunities. Adobe is making its tools available in Slack
• Positive Sentiment: Royal Bank of Canada raised its Adobe price target to $315 from $285 and maintained an “outperform” rating, citing potential upside from AI growth. Citi also raised its target to $301 ahead of Adobe’s fiscal third-quarter results, expecting a possible beat and raised outlook. Citi boosts Adobe price target before Q3 results
• Neutral Sentiment: Adobe’s $4 billion Saudi Arabia initiative will provide free access to AI tools for approximately 27 million people. The program could accelerate long-term adoption, but the headline figure represents the potential value of subscriptions rather than an immediate payment or revenue contribution. Saudi Arabia Adobe AI access initiative
• Negative Sentiment: Investors remain concerned that Google’s new AI image-creation and editing tool could pressure Adobe’s creative-software franchise. Canva, Figma and other AI-native competitors are also challenging Adobe’s moat, while analysts question how quickly Firefly and other AI products will convert free users into paying subscribers. Google AI competition could pressure Adobe
• Negative Sentiment: Although Adobe recently exceeded earnings and revenue expectations, its reduced annual revenue outlook has kept attention on slowing legacy Creative growth and the sustainability of subscription expansion. The next major catalyst is fiscal third-quarter earnings, scheduled for September 10. Adobe earnings outlook and analyst concerns

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Ricks bought 10,000 shares of the firm'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 purchase, the director owned 17,655 shares of the company's stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ADBE. SWAN Capital LLC lifted its position 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 acquiring an additional 31 shares in the last quarter. Logan Capital Management Inc. boosted its stake in Adobe by 0.3% during the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company's stock valued at $3,453,000 after purchasing an additional 32 shares during the last quarter. Vista Capital Partners Inc. increased its holdings in Adobe by 5.8% during the 2nd quarter. Vista Capital Partners Inc. now owns 624 shares of the software company's stock worth $241,000 after purchasing an additional 34 shares in the last quarter. Front Street Capital Management Inc. increased its holdings in Adobe by 8.2% during the 2nd quarter. Front Street Capital Management Inc. now owns 541 shares of the software company's stock worth $209,000 after purchasing an additional 41 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised 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 worth $34,000 after purchasing an additional 42 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Company Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company's core offerings are organized around digital media and digital experience.

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