ADBE
NASDAQ
Technology
$218.07
USD
-$1.65 (-0.75%)
At close: Jul 6, 2026, 4:00 PM EDT
Market Cap:
$87.34B
Volume:
4.6M
Previous Close
$219.72
Day Range
$212.90 - $219.76
52 Week Range
$190.12 - $386.60
Average Volume (10 Days)
8.2M
P/E Ratio
12.25
Dividend Yield
0.00%
Adobe, Inc. is a global technology company, which engages in the provision of digital marketing and media solutions. The company is headquartered in San Jose, California and currently employs 31,360 full-time employees. The firm's products, services and solutions are used around the world to imagine, create, manage, deliver, measure, optimize and engage with content across surfaces and fuel digital experiences. Its segments include Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment is centered around Adobe Creative Cloud and Adobe Document Cloud, which include Adobe Express, Adobe Firefly, Photoshop and other products, offering a variety of tools for creative professionals, communicators and other consumers. The Digital Experience segment provides an integrated platform and set of products, services and solutions through Adobe Experience Cloud. The Publishing and Advertising segment contains legacy products and services. In addition, its Adobe GenStudio solution allows businesses to simplify their content supply chain process with generative artificial intelligence (AI) capabilities and intelligent automation.
CEO
Mr. Shantanu Narayen
Headquaters
San Jose, CALIFORNIA, US
Founded
1986
Employees
31,360
Adobe reported record Q2 revenue of $6.62 billion and raised full-year guidance, but three analysts downgraded their price targets following CFO Dan Durn's departure to Marvell Technologies. The company's shift to a freemium model for AI tools is expected to pressure near-term profitability while management searches for both a new CEO and CFO.
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Adobe delivered second-quarter revenue of **$6.62 billion** and non-GAAP EPS of **$5.96**, both beating estimates, and raised its full-year fiscal 2026 targets. The company pointed to **AI-driven demand** across customer segments, with total annualized recurring revenue reaching **$27.10 billion**. CFO Dan Durn announced his departure effective June 15, with interim CFO Steve Day stepping in.
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Adobe highlighted UK analytics data showing AI-driven shopping referrals converting better than traditional search, while Firefly ARR grew **75% quarter-over-quarter** and cannibalized the legacy Stock photo business faster than expected. Auxier Asset Management noted Adobe's AI integration strength amid broader software sector weakness.
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Adobe highlighted UK analytics data showing AI-driven shopping referrals convert better than search, while Firefly ARR surged **75% sequentially** even as it cannibalizes the legacy Stock photo business. The company trades at a **10x forward P/E** with **38.8% operating margins** and authorized a **$25 billion buyback** as investors debate whether AI disruption is transitional or terminal.
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