Adobe Inc. (ADBE) earnings on September 10, 2026

After the market closes Q2 2026

More Adobe Inc. earnings

Prior outlook: Pessimistic Outcome: Partial

Adobe's stock swung wildly after its quarterly results, dropping as much as 4.6% before finishing 1.4% higher.

ADBE price around the earnings

252.23

Change: +1.4%

2026-09-11, 20:00 UTC

Start of the measured window End of the measured window
237.51 243.38 249.25 255.12 248.83
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
September 10, 2026 September 11, 2026
  • 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
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published

Earnings history drags outlook down

Experts highlight that the stock has declined after 10 of its last 12 earnings reports, with recent drops around 7-8%. Despite some analyst optimism on price targets, the negative price trend strength and earnings history outweigh the positive factors.

Context analyzed before publication

Summary
Earnings history drags outlook down
Playbook
The stock shows a 6-7% decline over both 14 and 30 days, sitting 31% below its yearly high. Recent analyst ratings are mixed, with upgrades from some firms and holds from others.
Trend
Expert opinion turned sharply negative this week

Analysts

Drivers

  • Analysts Neutral

    Hold rating on average; analysts cite a price target of $277; mixed actions: Stifel/Hold, Barclays/EW, RBC/Outperform

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.73
Analysts covering the stock
34
Average price target
277.02
Lowest price target
190
Highest price target
380
Upside to price target
11.1%
Quarterly earnings growth
1.2%
Revenue growth
12.7%
Forward EPS
27.5
Trailing EPS
17.48
Analyst moves in the last 60 days
8
  • Strong buy: 4
  • Buy: 8
  • Hold: 23
  • Sell: 4
  • Strong sell: 1
Strong buy
4
Buy
8
Hold
23
Sell
4
Strong sell
1
  • September 9, 2026 · Stifel: Maintains rating (Hold → Hold)
  • September 3, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • September 2, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
  • September 1, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • August 31, 2026 · Jefferies: Maintains rating (Hold → Hold)
  • August 19, 2026 · B of A Securities: Maintains rating (Underperform → Underperform)
  • July 21, 2026 · Morgan Stanley: Downgrades rating (Equal-Weight → Underweight)
  • July 20, 2026 · CLSA: Initiates coverage (Outperform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
Messages
30
News
Sources (6)

Technicals

Drivers

  • Technical Negative

    14-day trend strength -6.81%, 30-day -6.67%; support near $253, resistance around $256; the stock sits 31% below its yearly high

Evidence

Price when the context was analyzed
254.8
Average true range (ATR)
4.2%
Distance to 52-week high
-32.1%
14-day change (14d)
-6.8%
30-day change (30d)
-6.7%
30-day relative strength
-6.0%
QQQ change (30d)
-0.6%
Nearest support
253.29
Distance to nearest support
0.6%
Nearest resistance
255.63
Distance to nearest resistance
0.3%
Volume accumulation ratio (14d / 46d)
0.64
  • Mid: 253.29 (0.6% away, 0.14 ATR, 17 touches)
  • Mid: 250.89 (1.5% away, 0.37 ATR, 26 touches)
  • Mid: 247.63 (2.8% away, 0.68 ATR, 12 touches)
  • Mid: 255.63 (0.3% away, 0.08 ATR, 15 touches)
  • Mid: 258.34 (1.4% away, 0.33 ATR, 17 touches)
  • Minor: 260.56 (2.3% away, 0.54 ATR, 6 touches)

Trends

Evidence

Average earnings surprise
+2.5%
  • June 11, 2026: actual EPS 5.96 vs estimate 5.81 (surprise +2.5%)
  • March 12, 2026: actual EPS 6.06 vs estimate 5.87 (surprise +3.2%)
  • 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%)

Expected move

Drivers

  • Past earnings Negative

    10 of the last 12 earnings reports saw the stock decline; recent gaps: -7.3%, -8.1%, -8.5%

Implied move
+10.5%
Source
Options chain

Reactions over its last 20 earnings

Median move
6.4%
75th percentile move
11.1%
90th percentile move
14%
Up / down moves
5 / 15
Average up move
+5.2%
Average down move
-8.1%

Monitoring and close

What Adobe Inc. reported

Status
Finished
Actual EPS6.13
EPS estimate6.09
EPS surprise+0.7%

Adobe and Salesforce attract value investors as software stocks case below market averages. Adobe shows AI resilience while Salesforce generates record cash flow.

Sources (50)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Partial
Consolidated
+1.4%
Max favorable move (MFE)
4.6%
Max adverse move (MAE)
2.6%