Adobe forecasts Q4 revenue of $6.8 billion, missing estimates

September 11, 2026 at 01:11 AM1 min

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Adobe Inc. forecast revenue of $6.8 billion to $6.85 billion for the quarter ending in November, missing the $6.85 billion average analyst estimate. The company also projected adjusted earnings of $6.30 to $6.35 per share, in line with expectations. Shares fell about 3% in extended trading after closing at $248.83 in New York.

Key Facts

Adobe's Q3 revenue reached a record $6.76 billion, a 13% increase year-over-year.
Adobe surpassed one billion monthly active users across its software suite.
Adobe named Anil Chakravarthy as its next CEO, effective Dec. 1, 2026.
David Wadhwani, who oversaw Adobe's creative business, will leave the company later this month.
Adobe's stock was down 29% year-to-date heading into the quarterly report.

Q4 Guidance

Adobe forecast revenue of $6.8 billion to $6.85 billion for the quarter ending in November. The midpoint of that range missed the $6.85 billion average analyst prediction, according to data compiled by Bloomberg. Adjusted earnings per share are projected at $6.30 to $6.35, compared with the $6.30 average estimate.

AI Competition

Adobe is navigating a crisis of investor confidence over the impact of generative AI on its business. Generative AI has made it easier to produce visual media without Adobe's expensive products, and many popular new AI tools are built by competitors. Adobe continues to integrate AI tools across Photoshop, Premiere, Express, Acrobat, Lightroom, and other applications.

Leadership Transition

Adobe named Anil Chakravarthy, head of its marketing and analytics software division, as its next CEO effective Dec. 1. The decision surprised some investors because Chakravarthy's unit is much smaller than the flagship creative division. David Wadhwani, who led Adobe's creative business and was the other leading CEO candidate, will leave the company later this month.