ADBE
Adobe Inc.

Adobe Inc.ADBE

Technology · Software - Application
239.30USD
-2.90%
Nov 09, 2026
ADBE overview ready
AI-enabled creative and marketing software platform for enterprises
Adobe is a direct software-platform beneficiary: it monetizes creative production, document workflows, digital asset management, content activation and AI-assisted marketing operations through subscriptions, usage and enterprise offerings.
Theme not measured
Creative Software has no leadership state this session.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Competition from other creative and marketing software providers.
Market Nov 6Filing Aug 28Price action Nov 8Research Oct 15

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance5.0BusinessQuality9.6Valuation7.8ThemeMomentum—Mixed — Revenue is growing at a steady pace (+13% year over year). Diluted EPS is up 11% year over year at $4.62. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Creative Software — Creative Software has only one or two priced members — no leadership state
Its economic family, Software, reads Weakening (+6.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$93.1B
Avg Volume (60D)
4.8M
60 sessions
Revenue Growth YoY
+10.5%
FY2025 vs FY2024
Gross Margin
+89.3%
Trailing twelve months
Operating Margin
+35.7%
Trailing twelve months
Free Cash Flow Yield
+11.4%
Distance from 200DMA
-4.0%
Next Earnings
2026-12-09
P/E
12.8x
EV / EBITDA
9.4x
EV / Sales
3.6x
Market metrics as of Nov 6, 2026
Financial results for the period ended Aug 28, 2026
Filed balance-sheet data as of Aug 28, 2026

Business Performance

Mixed

Revenue is growing at a steady pace (+13% year over year). Diluted EPS is up 11% year over year at $4.62.

Latest reported: Q3 FY2026, ended Aug 28
Revenue growthGrowing
+13%
$6.76B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +11%
  2. +12%
  3. +13%
  4. +13%
Earnings growthGrowing
+11%
Diluted EPS $4.62 vs $4.18 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +17%
  2. +11%
  3. +7.9%
  4. +11%
Operating marginContracting
34.8%
-1.5 pp YoY · gross margin 88.7% (-0.6 pp)

Business Quality

9.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap.
Adobe Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 11.4% free-cash-flow yield and 9.4x EBITDA, which the underlying economics comfortably support.

Company Research

Thesis
Adobe is a direct software-platform beneficiary: it monetizes creative production, document workflows, digital asset management, content activation and AI-assisted marketing operations through subscriptions, usage and enterprise offerings. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Enterprise adoption of generative and agentic software to create, govern, localize, manage and activate high volumes of brand and marketing content across digital channels.
Key risk
Competition from other creative and marketing software providers.

Economic classification

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Business & Markets

Technology · Software - Application
What they do

Adobe Inc. develops and sells software products and services globally, focusing on digital media creation and digital experience management for individuals and enterprises.

How it earns

Primarily subscription-based revenue from software-as-a-service offerings and enterprise solutions.

Products & services
Creative Cloud (digital media creation tools)
Adobe Experience Cloud (digital experience management platform)
Customers & end markets
Creative professionals and content creators
Enterprises and brands managing digital marketing and customer experience
Market position

Market leader in creative software and digital experience platforms with strong brand recognition and integrated offerings.

Demand drivers
Low cyclicality

Demand is driven by ongoing digital content creation and marketing needs, which are relatively stable across economic cycles.