Adobe (NASDAQ:ADBE) Updates FY 2026 Earnings Guidance

Adobe (NASDAQ:ADBE) updated its FY 2026 earnings guidance on Wednesday. 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 $25.9 billion. Adobe also updated its Q1 2026 guidance to 5.850-5.900 EPS.

Adobe Stock Down 0.3%

Adobe stock traded down $1.19 during mid-day trading on Wednesday, reaching $343.13. The stock had a trading volume of 6,548,923 shares, compared to its average volume of 3,939,006. Adobe has a one year low of $311.58 and a one year high of $552.30. The company has a 50-day moving average price of $335.91 and a two-hundred day moving average price of $358.39. The company has a market capitalization of $143.63 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.24 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.11. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, analysts expect that Adobe will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADBE. Evercore ISI lowered their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Wells Fargo & Company cut their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Piper Sandler decreased their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Finally, Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $424.74.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adobe

Several large investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the 3rd quarter worth $26,000. SWAN Capital LLC lifted its position in Adobe by 43.1% in the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in Adobe during the third quarter worth about $61,000. Wealth Watch Advisors INC acquired a new stake in shares of Adobe during the third quarter valued at about $75,000. Finally, Osterweis Capital Management Inc. raised its stake in shares of Adobe by 4,520.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 231 shares of the software company’s stock valued at $89,000 after acquiring an additional 226 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.