Added to YB: 2026-09-17
Pitch date: 2026-09-14
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
$105.6B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.85
P/E
14.83
EV/Sales
4.11
Sector
Software
Category
N/A
Adobe Q3 2026: A Billion Users vs the Backlog
ADBE (earnings): Adobe’s Q3 reinforced a worsening fundamental trend despite 13% revenue growth: RPO rose just 8.4%, its first single-digit increase since early FY23, net new ARR fell roughly 37%, and non-GAAP operating margin compressed 230 basis points year over year to 44.0%. Record operating cash flow and an ~8% SBC-adjusted free-cash-flow yield support holding through Q4, when backlog must reaccelerate toward double digits to defend the thesis.
Read full article (10 min)