ADBE
Adobe Inc.Previous close
250.23
Change
+2.11 / +0.85%
Market Cap
$97.2B
1M
+4.29%
S&P 500 −0.91% over same period
Volume / Avg Volume
5.8M / 3.9M
1.48× average
Latest earnings analysisFY2026 Q2Reported 2026-06-11
Adobe FY26 Q2: record $6.62 billion revenue, full-year targets raised
Neutral. Adobe's Q2 FY26 revenue of $6.62 billion rose 13.0% year over year and gross margin held at 89.2%, but GAAP net income of $1.71 billion grew only 1.2% and diluted EPS slipped to $4.25 from $4.60 in Q1. The full-year revenue and non-GAAP EPS targets were raised, yet Q3 guidance implies a step down in margin and a CFO change adds noise.
Read the full analysis →Revenue$6.62BYoY +12.70%
EPS (non-GAAP)$5.96
Next-quarter revenue guidance$6.70B ±0.4%Below estimatesest. $6.83B
Next-day move−6.76%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-05 | 2026-06-11 | $6.6B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-02 | 2026-03-12 | $6.4B | Pending |
| FY2025 Q4 Quarter ended 2025-11 | 2025-12-10 | $23.8B | Pending |
| FY2025 Q3 Quarter ended 2025-08 | 2025-09-11 | $6.0B | Pending |
| FY2025 Q2 Quarter ended 2025-05 | 2025-06-12 | $5.9B | Pending |
| FY2025 Q1 Quarter ended 2025-02 | 2025-03-26 | $5.7B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 4 of its 5-year rangeCheap
5-year range 13.6 – 53.6 · Median 27.4
Last 4 quarters: $9.3B in buybacks + $0 in dividends, 9.56% of market cap combined
P/E (TTM)
13.3
P/B
8.2
P/S
3.7
PEG
0.59
Earnings Reaction
Over the last 6 reports, the stock moved ±3.8% on average on the first trading day after, rising 1 times
Most recent −6.76%
Guidance Credibility
Of the last 3 next-quarter revenue guides, 3 were met; actual results averaged 2.0% above guidance
Volatility & Correlation
1-year beta 0.23 · Correlation with S&P 500 0.07Low beta
Annualized volatility 41% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 2 · $21.0MNet selling $21.0M
- 09-17NARAYEN SHANTANUChair and CEOSell$12.6M50,500 shares · 7 trades · Avg price 249.57
- 09-16NARAYEN SHANTANUChair and CEOSell$8.4M33,141 shares · 3 trades · Avg price 252.43
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 6.76 | +12.9% | 88.7% | 1.83 | 4.62 |
| FY2026 Q2 | 6.62 | +12.7% | 89.2% | 1.71 | 4.25 |
| FY2026 Q1 | 6.40 | +12.0% | 89.6% | 1.89 | 4.60 |
| FY2025 Q4 | 6.19 | +10.5% | 89.5% | 1.86 | 4.44 |
| FY2025 Q3 | 5.99 | +10.7% | 89.3% | 1.77 | 4.18 |
| FY2025 Q2 | 5.87 | +10.6% | 89.1% | 1.69 | 3.94 |
| FY2025 Q1 | 5.71 | +10.3% | 89.1% | 1.81 | 4.14 |
| FY2024 Q4 | 5.61 | +11.1% | 89.0% | 1.68 | 3.75 |
| FY2024 Q3 | 5.41 | +10.6% | 89.8% | 1.68 | 3.76 |
| FY2024 Q2 | 5.31 | +10.2% | 88.7% | 1.57 | 3.49 |
| FY2024 Q1 | 5.18 | +11.3% | 88.6% | 0.62 | 1.36 |
| FY2023 Q4 | 5.05 | +11.6% | 87.4% | 1.48 | 3.24 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| ADBE | 13.3 | +12.9% | 88.7% | +4.29% | Neutral |
| NVDA | 25.8 | +105.9% | 75.0% | −10.39% | Bullish |
| AAPL | 39.3 | +16.4% | 50.1% | +3.49% | Bullish |
| MSFT | 27.2 | +18.8% | 67.8% | +1.76% | Bullish |
| AVGO | 40.4 | +85.5% | 69.1% | −7.15% | Bullish |
| MU | 11.8 | +379.3% | 86.8% | −16.93% | Bullish |
| AMD | 143.0 | +50.1% | 53.8% | −17.48% | Bullish |
| INTC | — | +20.9% | 43.0% | −45.30% | Bullish |
| PLTR | 156.5 | +92.8% | 84.7% | −1.57% | Bullish |