Stocks · Technology · Software - Application
Adobe Inc. ADBE
$237.69 -1.49% Close, Oct 2, 2026 · NASDAQ · Market cap $94.48B
High qualityInexpensive vs sector
Next earnings report: Dec 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +2.1%).
- The shares trade at 13.3× trailing earnings, lower than 95% of the company's own readings over the past five years.
- The diluted share count fell 8.1% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 49%
- EPS growth (TTM, YoY)Bottom 48%
- FCF growth (TTM, YoY)Bottom 43%
- Revenue growth, 3-year CAGRTop 40%
- Revenue growth accelerationTop 50%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 3%
- Gross marginTop 1%
- Operating marginTop 5%
- Cash conversion (OCF / net income)Bottom 41%
- Accruals (lower is better)Top 28%
- Net debt / EBITDA (lower is better)Top 48%
- Interest coverTop 11%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 6%
- Free-cash-flow yieldTop 9%
- EBITDA / enterprise valueTop 10%
- Sales / enterprise valueTop 46%
- P/E vs own 5-year history (lower is better)Top 12%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 31%
- 6-month returnBottom 26%
- 1-year return vs S&P 500Bottom 24%
- Distance from 52-week highBottom 42%
- Trend checklist (0–4)Bottom 10%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 28%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyBottom 25%
- Upside to consensus price targetBottom 34%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 31%
- Maximum drawdown, 3 yearsBottom 33%
- Beta vs S&P 500 (lower is better)Top 21%
- Net debt / EBITDA (lower is better)Top 48%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 11.5% | 12.0% | ↑ |
| EPS growth (YoY) | 11.8% | 11.6% | ↓ |
| Gross margin | 89.1% | 89.1% | ↓ |
| Operating margin | 36.2% | 35.7% | ↓ |
| FCF margin | 41.4% | 42.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 12.0% | 11.5% | ↑ | Bottom 49% |
| EPS growth (TTM, YoY) | 11.6% | 11.8% | ↓ | Bottom 48% |
| Gross margin | 89.1% | 89.1% | ↓ | Top 1% |
| Operating margin | 35.7% | 36.2% | ↓ | Top 5% |
| Net margin | 28.0% | 30.0% | ↓ | — |
| Free-cash-flow margin | 42.1% | 41.4% | ↑ | — |
| Return on invested capital | 36.8% | — | Top 3% | |
| Revenue growth, 3-year CAGR | 10.5% | — | Top 40% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.53×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -12.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 8.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -12.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.23×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 35.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 12.73%
- Shareholder yield
- 12.73%
- Share count change, 1 year
- -8.1%
- Share count change, 3-year CAGR
- -4.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Aug 28, 2026 (filed Sep 22, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +2.1%
- Average 2-day reaction, last 8
- -1.1%
- Positive 20 days after report
- 0 of 7
Analysts
- Consensus price target
- $269.84
- Target vs current price
- +13.5%
- Analysts with a rating
- 64
- Share rating Buy or Strong Buy
- 47%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 10, 2026 | +0.8% | -2.4% | -1.7% | — | — |
| Jun 11, 2026 | +2.4% | -6.2% | -15.9% | -4.2% | +14.2% |
| Mar 12, 2026 | +3.2% | -1.4% | -10.1% | -16.0% | -8.1% |
| Dec 10, 2025 | +1.9% | -0.3% | +1.0% | -1.5% | -18.0% |
| Sep 11, 2025 | +2.5% | +0.1% | +3.4% | -0.4% | -6.1% |
| Jun 12, 2025 | +1.8% | +0.2% | -8.4% | -12.0% | -13.1% |
| Mar 12, 2025 | +2.2% | +1.1% | -9.8% | -21.6% | -4.3% |
| Dec 11, 2024 | +3.2% | +0.5% | -16.8% | -25.8% | -20.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 10, 2026 | $6.13 | $6.08 | +0.8% | $6.76B |
| Jun 11, 2026 | $5.96 | $5.82 | +2.4% | $6.62B |
| Mar 12, 2026 | $6.06 | $5.87 | +3.2% | $6.40B |
| Dec 10, 2025 | $5.50 | $5.40 | +1.9% | $6.19B |
| Sep 11, 2025 | $5.31 | $5.18 | +2.5% | $5.99B |
| Jun 12, 2025 | $5.06 | $4.97 | +1.8% | $5.87B |
| Mar 12, 2025 | $5.08 | $4.97 | +2.2% | $5.71B |
| Dec 11, 2024 | $4.81 | $4.66 | +3.2% | $5.61B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 13.3× | 36.0× | 5th | Top 6% |
| P/E (forward) | 9.7× | — | — | — |
| EV / EBITDA | 9.5× | — | — | Top 10% |
| EV / Sales | 3.73× | — | — | Top 46% |
| Free-cash-flow yield | 11.58% | — | — | Top 9% |
| Earnings yield | 7.54% | — | — | Top 6% |
P/E over the past five years
Range 11.8× – 50.5× since Sep 3, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -30.8%
- Earnings per share growth (TTM)
- +11.6%
- Change in P/E multiple
- -39.5%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +4.5%
- 200-day average slope (20 days)
- -3.1%
- Distance from 50-day average
- -8.0%
- Distance from 200-day average
- -8.5%
- RSI (14)
- 41.0
- Relative volume
- 0.55×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 48.4%
- Volatility vs own 5-year history
- 90th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.98
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -34.0%
- Maximum drawdown, 3 years
- -69.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 19, 2021 | Jun 25, 2026 | -71.9% | 1151 days | Not yet recovered |
| Oct 13, 2020 | Mar 8, 2021 | -18.1% | 99 days | 25 days (Apr 13, 2021) |
| Sep 3, 2021 | Oct 4, 2021 | -16.2% | 20 days | 23 days (Nov 4, 2021) |
| Apr 16, 2021 | May 12, 2021 | -10.1% | 18 days | 20 days (Jun 10, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $94.48B
- P/E (TTM)
- 13.3
- EPS, diluted (TTM)
- $17.92
- Revenue (TTM)
- $25.97B
- 52-week range
- $190.12 – $363.70
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $15.79B | $17.61B | $19.41B | $21.50B | $23.77B |
| Gross profit | $13.92B | $15.44B | $17.05B | $19.15B | $21.22B |
| Operating income | $5.80B | $6.10B | $6.65B | $6.74B | $8.71B |
| Net income | $4.82B | $4.76B | $5.43B | $5.56B | $7.13B |
| EPS (diluted) | $10.02 | $10.10 | $11.83 | $12.36 | $16.70 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.61B | $5.71B | $5.87B | $5.99B | $6.19B | $6.40B | $6.62B | $6.76B |
| Net income | $1.68B | $1.81B | $1.69B | $1.77B | $1.86B | $1.89B | $1.71B | $1.83B |
| EPS (diluted) | $3.80 | $4.13 | $3.95 | $4.18 | $4.45 | $4.60 | $4.25 | $4.62 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $7.22B | $7.84B | $7.30B | $8.06B | $10.03B |
| Capital expenditure | -$330.0M | -$442.0M | -$360.0M | -$232.0M | -$179.0M |
| Free cash flow | $6.89B | $7.40B | $6.94B | $7.82B | $9.85B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$3.66B | -$6.27B | -$4.09B | -$9.29B | -$11.14B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $5.64B
- Total assets
- $29.98B
- Total liabilities
- $18.22B
- Total debt
- $6.76B
- Net debt
- $2.40B
- Shareholders’ equity
- $11.76B
As of Aug 28, 2026 (filed Sep 22, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Mar 24, 2005 | $0.01 | Apr 12, 2005 |
| Dec 23, 2004 | $0.01 | Jan 11, 2005 |
| Sep 24, 2004 | $0.01 | Oct 12, 2004 |
| Jun 25, 2004 | $0.01 | Jul 13, 2004 |
| Mar 26, 2004 | $0.01 | Apr 13, 2004 |
| Jan 7, 2004 | $0.01 | Jan 23, 2004 |
| Sep 19, 2003 | $0.01 | Oct 7, 2003 |
| Jun 19, 2003 | $0.01 | Jul 7, 2003 |
Short interest
- Shares sold short
- 18,496,677
- Days to cover
- 3.17
- Change vs previous report
- +6.5%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 24, 2005
- 2-for-1
- Oct 25, 2000
- 2-for-1
- Oct 27, 1999
- 2-for-1
- Aug 11, 1993
- 2-for-1
- Nov 23, 1988
- 2-for-1