Adobe Inc. (ADBE) earnings on June 11, 2026
Prior outlook: Pessimistic Outcome: Accurate
Adobe's stock initially jumped after earnings but then fell sharply. The decline followed a lowered price target from analysts, confirming negative sentiment.
ADBE price around the earnings
204.26
Change: -6.6%
2026-06-13, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Analysts divided; sharp price drop creates distressed setup.
Despite a history of beating earnings expectations, the stock has seen a significant price drop, reaching a 7-year low. Analysts are divided, with some lowering price targets while others still see potential upside.
Context analyzed before publication
- Summary
- Analysts divided; sharp price drop creates a distressed scenario.
- Reasoning
- Despite a history of beating earnings expectations, the stock has seen a significant price drop, reaching a 7-year low. Analysts are divided, with some lowering price targets while others still cite an optimistic scenario.
- Playbook
- The analysis shows a sharp decline in price to a multi-year low, indicating extreme selling pressure. Mixed analyst sentiment and recent downgrades are present alongside a history of positive earnings surprises.
- Trend
- Trajectory collapsed sharply, now showing extreme oversold conditions.
Analysts
Drivers
-
Analysts
Neutral
While analysts cite an average price target about 40% above the current price, some have recently lowered their targets. Institutional sentiment appears mixed with various rating changes.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.45
- Analysts covering the stock
- 32
- Average price target
- 329.33
- Lowest price target
- 220
- Highest price target
- 487
- Upside to price target
- 41.1%
- Quarterly earnings growth
- 4.3%
- Revenue growth
- 12%
- Forward EPS
- 26.49
- Trailing EPS
- 17.15
- Analyst moves in the last 60 days
- 8
- Strong buy: 3
- Buy: 12
- Hold: 20
- Sell: 3
- Strong sell: 0
- Strong buy
- 3
- Buy
- 12
- Hold
- 20
- Sell
- 3
- Strong sell
- 0
- June 8, 2026 · Stifel: Maintains rating (Buy → Buy)
- June 8, 2026 · TD Cowen: Maintains rating (Hold → Hold)
- June 5, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- June 5, 2026 · RBC Capital: Reiterates rating (Outperform → Outperform)
- April 27, 2026 · Mizuho: Downgrades rating (Outperform → Neutral)
- April 22, 2026 · RBC Capital: Reiterates rating (Outperform → Outperform)
- April 17, 2026 · UBS: Maintains rating (Neutral → Neutral)
- April 17, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (8)
- Oracle, Adobe And 3 Stocks To Watch Heading Into Thursday — Benzinga
- Adobe Q2 Preview: Stock Near 7-Year Low, Market Expert Says Investors Want Proof 'AI Is A Tailwind' — Benzinga
- Here's How Much You Would Have Made Owning Adobe Stock In The Last 15 Years — Benzinga
- Market Analysis: Adobe And Competitors In Software Industry — Benzinga
- Understanding Adobe's Position In Software Industry Compared To Competitors — Benzinga
- Stifel Maintains Buy on Adobe, Lowers Price Target to $350 — Benzinga
- TD Cowen Maintains Hold on Adobe, Lowers Price Target to $285 — Benzinga
- Earnings Volatility Watch: Oracle, Adobe And 8 Stocks Set For Big Swings This Week — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's price has fallen sharply over four days, reaching a seven-year low. This indicates strong selling pressure and that the stock may be oversold, potentially leading to a bounce.
Evidence
- Average true range (ATR)
- 4.1%
- Distance to 52-week high
- -43.6%
- 14-day change (14d)
- -7.9%
- 30-day change (30d)
- -4.0%
- 30-day relative strength
- -4.0%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 233.18
- Nearest resistance
- 234.69
- Volume accumulation ratio (14d / 46d)
- 2.54
Trends
Drivers
-
Macro & trends
Negative
Overall market sentiment is negative due to global events, such as geopolitical strikes. This has created a general environment where investors are avoiding riskier assets like stocks.
Evidence
- Average earnings surprise
- +1.8%
- March 12, 2026: actual EPS 4.6 vs estimate 4.56 (surprise +1.0%)
- December 10, 2025: actual EPS 5.5 vs estimate 5.4 (surprise +1.9%)
- September 11, 2025: actual EPS 5.31 vs estimate 5.18 (surprise +2.5%)
- June 12, 2025: actual EPS 5.06 vs estimate 4.97 (surprise +1.7%)
Expected move
Drivers
-
Past earnings
Positive
The company has consistently met or exceeded earnings expectations in the past. This history suggests a potential for positive surprises in future earnings reports.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 6.2%
- 75th percentile move
- 12%
- 90th percentile move
- 14.1%
- Up / down moves
- 5 / 14
- Average up move
- +5.2%
- Average down move
- -8.2%
Monitoring and close
What Adobe Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -6.8%
- Max favorable move (MFE)
- 10%
- Max adverse move (MAE)
- 4.8%