ADBE
Adobe Inc.

Adobe Inc.ADBE

Technology · Software - Application
240.69USD
+1.02%
Sep 24, 2026
ADBE overview ready
Adobe is a direct software-platform beneficiary: its Creative Cloud, Firefly, GenStudio, Experience Platform and related applications connect AI-assisted asset creation with enterprise content production, campaign execution and customer-experience workflows.
Narrative is still early
Exposed to the Enterprise AI Workflow Adoption narrative through AI Content Supply Chain and Marketing Workflow Automation — enabling supplier.
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
Intense competition from other software providers.
Market Sep 23Filing Aug 28Price action Sep 23Research Sep 15

Conviction Level

NarrativeHeat7.9ThemeHeat7.5PriceAction3.4Valuation8.0CompanyPosition7.3
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
$93.7B
Avg Volume (60D)
5.3M
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
+11.3%
Distance from 200DMA
-8.7%
Next Earnings
2026-12-09
P/E
12.9x
EV / EBITDA
9.4x
EV / Sales
3.6x
Market metrics as of Sep 23, 2026
Financial results for the period ended Aug 28, 2026
Filed balance-sheet data as of Aug 28, 2026

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 11.3% free-cash-flow yield and 9.4x EBITDA, which the underlying economics comfortably support.

Company Research

Thesis
Adobe is a direct software-platform beneficiary: its Creative Cloud, Firefly, GenStudio, Experience Platform and related applications connect AI-assisted asset creation with enterprise content production, campaign execution and customer-experience workflows. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Enterprise spending on AI software that creates, adapts, governs, activates and measures large volumes of brand content and personalized customer communications across digital channels.
Key risk
Intense competition from other software providers.

Narrative & Theme

Enterprise AI Workflow Adoption
Part of AI Content Supply Chain and Marketing Workflow Automation, with strong fit.
Adobe has a genuine, specific exposure to the emerging enterprise content-supply-chain buildout rather than merely generic AI adjacency.
Narrative HeatHeating up7.9 / 10
Theme HeatHeating up7.5 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Application
What they do

Adobe Inc. operates globally as a technology company providing software products and services that enable content creation, publishing, and promotion for individuals and enterprises.

How it earns

Primarily subscription-based revenue from software-as-a-service (SaaS) offerings.

Products & services
Creative Cloud (digital media software)
Adobe Experience Cloud (digital experience platform)
Customers & end markets
Creative professionals (photographers, video editors, designers)
Businesses and marketers
Market position

Market leader in creative and digital experience software solutions.

Demand drivers
Low cyclicality

Demand for digital content creation and marketing software is relatively stable across economic cycles.