Adobe (NASDAQ:ADBE) Releases FY 2026 Earnings Guidance

Adobe (NASDAQ:ADBE) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 23.300-23.500 for the period, compared to the consensus EPS estimate of 21.680. The company issued revenue guidance of $25.9 billion-$26.1 billion, compared to the consensus revenue estimate of $26.0 billion. Adobe also updated its Q2 2026 guidance to 5.800-5.850 EPS.

Analysts Set New Price Targets

ADBE has been the topic of several recent research reports. UBS Group reduced their price target on Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Citigroup cut their price objective on shares of Adobe from $387.00 to $315.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Adobe in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $383.08.

Adobe Trading Down 1.4%

NASDAQ ADBE traded down $3.92 on Thursday, hitting $269.78. The company’s stock had a trading volume of 7,890,137 shares, compared to its average volume of 5,500,254. The company’s 50-day moving average is $287.17 and its 200 day moving average is $324.39. Adobe has a 1-year low of $244.28 and a 1-year high of $422.95. The firm has a market cap of $110.74 billion, a PE ratio of 16.14, a PEG ratio of 1.08 and a beta of 1.53. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.88 by $0.18. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, analysts predict that Adobe will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Prediction markets and previews show strong odds of an earnings beat (markets put ~92% chance of beating EPS; consensus revenue/EPS estimates have risen ahead of the call), which could spark a relief rally if Adobe confirms AI-driven growth. Adobe Earnings Prediction Market Preview: What Will They Say On The Earnings Call?
• Positive Sentiment: Adobe is rolling out stronger generative-AI features in Photoshop and Firefly (conversational editing, smarter image tools) that support long‑term product differentiation and monetization of AI capabilities. Adobe Rolls Out Smarter AI Image Editing In Photoshop And Firefly
• Positive Sentiment: Adobe expanded a high‑profile MLB partnership to embed its enterprise AI tools into fan experiences — a commercial validation point for enterprise AI demand. Adobe, MLB Expand Partnership To Power AI-Driven Fan Experiences
• Neutral Sentiment: Analyst models and consensus were updated ahead of the print (estimates around $5.87 EPS / $6.28B revenue), so much of the expectations move is already priced in — results must show clear AI traction to change the narrative. Adobe Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Neutral Sentiment: Macro headlines (oil/geo‑politics and soft market futures) are damping tech appetite overall today, which can amplify moves in large-cap software names like Adobe. 5 Things to Know Before the Stock Market Opens
• Negative Sentiment: TD Cowen cut its price target from $400 to $325 and kept a Hold rating — a visible downgrade that signals lower analyst optimism and likely pressured sentiment. TD Cowen Lowers PT on Adobe (ADBE), Keeps a Hold Rating
• Negative Sentiment: Shares are down materially YTD as investors debate whether generative AI helps or disrupts Adobe’s core creative franchise; that skepticism makes the earnings reaction binary and increases downside on any weaker guidance. Adobe Stock Down 18% YTD Before Q1 Earnings: Can AI Spark Rebound?
• Negative Sentiment: Short interest rose in February (notable increase vs. prior month), which can amplify downside pressure and volatility around the print if the beat isn’t convincing.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. SWAN Capital LLC grew its stake in Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after buying an additional 31 shares in the last quarter. Logan Capital Management Inc. boosted its holdings 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 acquiring an additional 32 shares during the period. Vista Capital Partners Inc. boosted its stake in shares of Adobe by 5.8% during 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 during the period. Front Street Capital Management Inc. grew its holdings in Adobe by 8.2% in the 2nd quarter. Front Street Capital Management Inc. now owns 541 shares of the software company’s stock worth $209,000 after acquiring an additional 41 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew 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. Institutional investors own 81.79% of the company’s stock.

About Adobe

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.