Adobe (NASDAQ:ADBE) Issues Q1 2026 Earnings Guidance

Adobe (NASDAQ:ADBE) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.850-5.900 for the period, compared to the consensus estimate of 5.260. The company issued revenue guidance of $6.3 billion-$6.3 billion, compared to the consensus revenue estimate of $6.2 billion. Adobe also updated its FY 2026 guidance to 23.300-23.500 EPS.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADBE. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Thursday, November 20th. Oppenheimer lowered their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Wells Fargo & Company lowered their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Cowen reissued a “hold” rating on shares of Adobe in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and an average target price of $424.74.

Adobe Price Performance

NASDAQ:ADBE traded down $1.19 during mid-day trading on Wednesday, reaching $343.13. 6,246,368 shares of the company were exchanged, compared to its average volume of 3,933,037. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market cap of $143.63 billion, a PE ratio of 21.38, a PEG ratio of 1.24 and a beta of 1.54. Adobe has a 12 month low of $311.58 and a 12 month high of $552.30. The company has a fifty day moving average of $335.91 and a 200 day moving average of $358.39.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.11. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate 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, research analysts anticipate that Adobe will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Adobe by 55.2% in the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after purchasing an additional 920,353 shares during the last quarter. Amundi increased its position in Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after buying an additional 742,646 shares during the last quarter. State Street Corp raised its stake in shares of Adobe by 1.7% in the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after buying an additional 352,448 shares during the period. Caisse de depot et placement du Quebec lifted its position in shares of Adobe by 29.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 772,679 shares of the software company’s stock valued at $272,563,000 after buying an additional 174,183 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Adobe by 20.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 538,156 shares of the software company’s stock worth $208,429,000 after acquiring an additional 90,222 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Company Profile

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.