Adobe Inc

Adobe Inc

ADBE

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Market Cap$77.58B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Adobe IncAdobe Inc11.2-63%3.11.2

Earnings Call Q2 2026

June 11, 2026 - AI Summary

Q2 performance: solid growth, driven by subscription + conversion; EPS ahead (with one GAAP drag) - Revenue: $6.62B, up 11% YoY (reported). - GAAP EPS: $4.25 (+8% YoY); Non-GAAP EPS: $5.96 (+18% YoY). - One notable negative/technical item: GAAP EPS included a $70M ($0.17/share) non-cash goodwill impairment related to a publishing/advertising unit. - Business momentum highlighted as subscription bookings to revenue conversion; management also cited “disciplined investments” supporting EPS growth.
Full-year outlook raised: revenue + non-GAAP EPS targets up; assumes SEMrush included - FY26 revenue target: $20.5B–$20.6B (raised). - FY26 non-GAAP EPS target: $24.35–$24.45 (raised). - FY26 GAAP EPS target: $17.9–$18.0. - ARR: ~10.2% YoY ending book-of-business growth, now reflecting (a) SEMrush addition and (b) strategic shift (accelerate freemium MAU premium growth; defer Creative Cloud “line optimizations”). - Capital return / buybacks: repurchased ~8.5M shares in Q2; $27B remaining under authorization at quarter-end (and a new $25B authorization announced in April—important for capital return expectations even though no dividend was discussed).
Q3 guidance: moderate continued growth; EPS expectations with margin/tax assumptions - FY26 Q3 revenue: $6.67B–$6.72B. - Q3 subscription revenue (BP&C): $1.87B–$1.89B. - Q3 subscription revenue (Creative & Marketing): $4.61B–$4.64B. - Q3 EPS: GAAP $4.40–$4.45, Non-GAAP $6.05–$6.10. - Guidance assumptions included non-GAAP operating margin ~44–45% and GAAP tax rate ~23% (non-GAAP tax rate ~18%).

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$274.37

Target Price by Analysts

40.6% upsideAdobe Target Price DetailsTarget Price
$465.48

Current Fair Value

138.5% upside

Undervalued by 138.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$77.58 Billion
Enterprise Value$86.91 Billion
Dividend Yield$- (-)
Earnings per Share$16.73
Beta1.4
Outstanding Shares402,000,000

Return

Return on Equity62.76%ROE
Return on Assets24.15%
Return on Invested Capital49.73%

Valuation & Multiples

P/E Ratio11.15P/E Ratio
PEG898PEG
Price to Sales3.15Price to Sales
Price to Book Ratio6.97Price to Book Ratio
Enterprise Value to Revenue3.45
Enterprise Value to EBIT9.79
Enterprise Value to Net Income12
Total Debt to Enterprise0.16
Debt to Equity1.24Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
June 11, 2026
EPS Estimate
$5.82
Average shareholder expectation
Revenue Estimate
$6.45 B
Average shareholder expectation

Next Earnings Call

Expected Date
September 10, 2026
EPS Estimate
$6.04
Average shareholder expectation
Revenue Estimate
$6.68 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9680▼ 12.94%
Total Calls15,521,214▲ 31.58%
Total Puts15,024,191▲ 16.06%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %78.41%▼ 2.66%
Total Invested$78.19B▼ 33.82%
Investors Holding2,293▼ 340.00%

ESG Score

No data

About Adobe Inc

CEO: Shantanu Narayen

Relevant Senate Committees

Joint Committee on Taxation

This committee directly influences the specifics of tax legislation by providing official revenue estimates and technical analysis. Its work directly shapes the corporate tax environment that significantly impacts Adobe's financial structures and profitability.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates, international tax rules, or trade tariffs can have a direct and significant impact on Adobe's profitability, global operations, and financial performance.

Judiciary

This committee oversees antitrust laws and intellectual property. Adobe, as a large technology company, is highly susceptible to antitrust scrutiny (e.g., merger reviews) and relies heavily on intellectual property protection (copyrights for software and content).

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, data privacy (e.g., potential federal privacy laws), consumer protection, and technology regulations ('Big Tech' oversight), all of which directly impact Adobe's digital products and services.