ADBE|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $6.33 | - | - |
| Q3'26 | $6.09 | $6.13 | +0.7% |
| Q2'26 | $5.81 | $5.96 | +2.5% |
| Q1'26 | $5.87 | $6.06 | +3.2% |
| Q4'25 | $5.40 | $5.50 | +1.9% |
| Q3'25 | $5.18 | $5.31 | +2.5% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $7.0B | - | - |
| Q3'26 | $6.8B | $6.8B | -0.9% |
| Q2'26 | $6.6B | $6.6B | +0.5% |
| Q1'26 | $6.3B | $6.4B | +1.9% |
| Q4'25 | - | $6.2B | - |
| Q3'25 | - | $6.0B | - |
ADBE|Monthly Returns
Market Data
ADBE Stock Snapshot
- Market cap
- 100.26B
- P/E ratio
- 13.8
- Day range
- $257.25 – $264.61
- News sentiment
- 67/100 · Bullish
- Analyst target
- $279.05 (+8.1%)
- Consensus
- Hold · 47 analysts
Neither side has the upper hand on ADBE right now, and the indicator set reflects that. Sector peers are worth watching - large caps in Technology tend to move together on rotation.
Reverse DCF
What growth is priced into ADBE?
At today's price, Adobe Inc. needs to grow free cash flow about -7.3% a year for the next 10 years to justify its valuation at a 8.54% cost of capital. Over its actual history it has compounded free cash flow at 15.2% a year, so the market is asking for 22.5 percentage points below its own delivered rate. On that basis ADBE looks priced below what its own growth record supports.
- Implied FCF growth
- -7.3%
- Historical FCF CAGR
- 15.2%
- Growth gap
- -22.5 pts
- Verdict
- CHEAP
- Discount rate (WACC)
- 8.54%
- Beta
- 0.78
Behaviour On Record
What ADBE's own history says about today's numbers
- Realized volatility (21d)
- 47.4% 92nd pct
- Below its peak
- -61.8%
- vs 200-day average
- -1.1%
- Up days (1y)
- 48%
Adobe Inc. is currently running 47.4% annualised volatility over the last 21 sessions. Measured against ADBE's own 13 years of daily returns rather than a market-wide average, that is the 92nd percentile — an extreme by its own standards, against a typical reading of 27.0%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
ADBE is trading -61.8% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.0%, and the deepest was -51.2% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.
Price sits -1.1% from its 200-day moving average. Against every other day in its history, that gap ranks at the 31st percentile — close to the gap it normally carries. Over the past year ADBE closed higher on 48% of sessions, and it is currently 1 session into a falling streak.
On September specifically: over 14 years of records, ADBE finished the month higher 5 of 14 times, with a median return of -3.9% and an average of -4.2%. Its strongest month historically has been November at +4.7% on average, its weakest September at -4.2%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: ADBE has opened more than 2% away from the prior close in 81 of 3,267 sessions (2.5% of the time), with the largest gaps running +6.6% and -5.8%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
Across the last 3 dated reports on file, ADBE moved an average of 1.8% in the session after earnings, closing higher 2 of those 3 times, with a median move of +0.3% and a largest of +3.8%.
All figures computed from 3,268 daily closes between 2013-09-16 and 2026-09-15, split-adjusted, recomputed daily. Percentiles are against ADBE's own 13-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of ADBE's sector?
Adobe Inc. sits in the Technology sector, currently ranked 6th of 11 GICS sectors by relative-strength rotation score (lagging). Within its narrower Software industry group, ADBE ranks 2nd of 15 tracked industries, leading.
- Sector rank
- #6 of 11
- Sector state
- Lagging
- Sector rotation score
- 50
- Industry rank
- #2 of 15
Analyst Rating Changes
Are analysts turning bullish or bearish on ADBE?
DA Davidson most recently reiterated its rating on Adobe Inc. to Buy on Sep 14, 2026 with a price target of $290 (from $250). Over the last 90 days, coverage has run 1 upgrade against 1 downgrade, a net mixed lean.
- Latest action
- DA Davidson — Buy
- 90-day upgrades
- 1
- 90-day downgrades
- 1
- Net rating momentum
- 0
