Added to YB: 2026-03-19
Pitch date: 2026-03-17
ADBE [neutral]
Adobe Inc.
Author Info
No bio for this author
Company Info
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content.
Market Cap
$102.7B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.73
P/E
14.68
EV/Sales
4.19
Sector
Software
Category
growth
Adobe Q1 2026: Cracks in the Compounder?
ADBE (earnings): Q1 rev $6.40B (+11% YoY) beat $6.28B est, EPS $4.60, op margin 37.8%, RPO $22.22B (+13% YoY). Stock -7% on ARR miss ($400M vs $450-460M est) driven by $70M Stock Image cannibalization from Firefly AI. AI-ARR >$250M (+3x YoY), Firefly ARR +75% QoQ, 850M MAU (+17% YoY). CXO rev +30% YoY. Narayen stepping down, no successor named. Risks: seat compression, freemium margin dilution, leadership transition.
Read full article (11 min)