Added to YB: 2026-09-17
Pitch date: 2026-09-15
ADBE [neutral]
Adobe Inc.
Author Info
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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: What management is hiding
ADBE (earnings): Adobe’s Q3-2026 supports the view that AI is eroding, not destroying, its moat. Revenue rose just $142M sequentially to $6.760B after acquiring Semrush, which had roughly $120M of quarterly ARR, while management declined to quantify its contribution; RPO fell 0.5% to $22.16B. AI-first ARR is only ~2% of total ARR, and rising free usage has yet to show clear monetization while threatening margins.
Read full article (4 min)