
Adobe reported Q4 revenue of $6.19B versus an estimate of $6.11B and EPS of $5.50 versus an estimate of $5.40 and guided for FY26 total revenue of $25.9 to $26.1 billion and non-GAAP EPS of $23.30 to $23.50.
Bullish
Adobe achieved record revenue of $23.77 billion and non-GAAP EPS of $20.94 in fiscal year 2025.
Bearish
FY26 total Adobe IRR growth target of over 10%, which may not be sufficient to excite investors looking for accelerated growth.