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Adobe Inc.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $95.4B |
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| Revenue (ttm) | 26B |
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| Net income (ttm) | 7.3B |
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| EPS (ttm) | $17.9 |
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| Shares out | 389.2M |
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| P/E (trailing) | 13.9x |
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| P/E (forward) | 8.7x |
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| Volume | 2,089,815 |
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| Beta | 1.42 |
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Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-03 | 2022-12-02 | 2023-12-01 | 2024-11-29 | 2025-11-28 | Trend |
| Revenue | $15.79B | $17.61B | $19.41B | $21.51B | $23.77B | +10.8% |
| Gross profit | $13.92B | $15.44B | $17.06B | $19.15B | $21.22B | +11.1% |
| Operating income | $5.80B | $6.10B | $6.65B | $6.74B | $8.71B | +10.7% |
| Net income | $4.82B | $4.76B | $5.43B | $5.56B | $7.13B | +10.3% |
| EPS (diluted) | $10.02 | $10.10 | $11.82 | $12.36 | $16.70 | +13.6% |
| EBITDA | $6.68B | $6.95B | $7.78B | $7.96B | $9.82B | +10.1% |
| R&D | $2.54B | $2.99B | $3.47B | $3.94B | $4.29B | +14.0% |
| SG&A | $1.09B | $1.22B | $1.41B | $1.53B | $1.57B | +9.7% |
Recent company headlines from major financial publishers.
Enterprise adoption of Firefly and agentic content generation accelerates, driving Creative Cloud ARR and freemium conversion well beyond base projections. Monetization of GenStudio and AI credit consumption expands non-GAAP operating margins while cross-selling between Digital Media and Digital Experience accelerates enterprise net retention. Sustained aggressive share repurchases steadily reduce diluted share count annually.
Adobe achieves management FY2026 targets and consensus FY2027 estimates, with revenue growing 10.2% in FY2026 to ~$26.61B, and reaching $29.05B in FY2027. Non-GAAP operating margins reach the guided 45.0%, non-GAAP EPS grows to $24.48 in FY2026 and $27.51 in FY2027,, and disciplined share repurchases retire 1.5-2.0% of share count annually.
| Ke ↓ / g → | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| 9.7% | $442 | $455 | $470 | $487 | $507 |
| 10.2% | $423 | $434 | $447 | $461 | $478 |
| 10.7% | $406 | $415 | $426 | $439 | $453 |
| 11.2% | $390 | $399 | $408 | $419 | $431 |
| 11.7% | $376 | $383 | $392 | $401 | $412 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
