Adobe Reports Record Quarter, but Weak Outlook Fuels Concerns About AI Competition!
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Adobe reports a record quarter with over one billion monthly users and raises its annual forecast. However, the somewhat weak outlook for the final quarter fuels fears that young AI rivals are challenging the Photoshop company. The stock declines. Record Quarter with Billion-Marker In the third quarter of fiscal year 2026, Adobe achieves record revenue of $6.76 billion, a 13% increase compared to the previous year, and exceeds analyst expectations with an adjusted earnings per share of $6.13. CEO Shantanu Narayen considers the surpassing of one...
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