Adobe Guides FY EPS to $18.12-$18.17, Above Consensus
ADBE sits 30% above its 52-week low of $190.12.
Summary
Adobe issued full-year EPS guidance of $18.12 to $18.17, above consensus, and provided Q4 revenue guidance of $6.8B-$6.85B and FY26 revenue guidance of $26.576B-$26.626B. The company reported Q3 EPS that beat expectations, driven by AI reach, ARR, and 1B+ users, with analysts having expected $6.08 EPS on $6.69B revenue. This follows a period of leadership transition, with Anil Chakravarthy set to become CEO on December 1, and recent share price weakness. The guidance and strong Q3 results provide concrete financial targets that could stabilize investor sentiment.
At the time of this announcement, ADBE was trading at $247.83 on NASDAQ in the Technology sector, with a market capitalization of approximately $98.9B. The 52-week trading range was $190.12 to $370.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.