Adobe (NASDAQ:ADBE) Issues Q1 2026 Earnings Guidance

Adobe (NASDAQ:ADBE) updated its first quarter 2026 earnings guidance on Wednesday. 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 Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $405.00 target price on shares of Adobe in a research report on Wednesday, October 29th. UBS Group lowered their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock 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. Morgan Stanley lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company reduced 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. One equities research 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 stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and a consensus price target of $424.74.

Adobe Stock Performance

NASDAQ ADBE traded down $1.19 on Wednesday, reaching $343.13. The stock had a trading volume of 6,487,747 shares, compared to its average volume of 3,939,006. Adobe has a 1-year low of $311.58 and a 1-year high of $552.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $143.63 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.54. The firm has a fifty day moving average of $335.91 and a two-hundred day moving average of $358.39.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS 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 for the quarter, compared to analyst estimates 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, equities research analysts anticipate that Adobe will post 16.65 EPS for the current year.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Adobe

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