Adobe names Anil Chakravarthy CEO and Adobe stock gains 1.14 percent
Published on 10/07/2026 at 15:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Adobe stock (ISIN US00724F1012) was trading at EUR 213.45 at Lang & Schwarz on October 7, 2026 at 3:13 p.m. CEST, up 1.14 percent versus the EUR 211.05 prior close. Adobe is preparing a leadership transition: as Investing.com reported on September 10, 2026, Anil Chakravarthy will become president and CEO on December 1, 2026, while Shantanu Narayen moves to executive chair.
Revenue reaches USD 6.76 billion
Adobe's third quarter of fiscal 2026 ended August 28, 2026, with record revenue of USD 6.76 billion, up 13.00 percent year over year. The GAAP operating margin was 34.80 percent, while GAAP diluted earnings per share rose to USD 4.62 from USD 4.18 a year earlier.
According to Adobe in its September 10, 2026 earnings release, non-GAAP diluted earnings per share reached USD 6.13, up 15.00 percent year over year, and operating cash flow hit USD 2.52 billion. Annualized recurring revenue ended the quarter at USD 27.50 billion, up 11.20 percent year over year.
AI growth meets monetization test
Adobe also raised its fiscal 2026 targets to revenue of USD 26.576 billion to USD 26.626 billion and non-GAAP earnings per share of USD 24.45 to USD 24.50. The fourth-quarter revenue target is USD 6.80 billion to USD 6.85 billion, giving investors a concrete benchmark before the leadership handover.
Yahoo Finance reported on September 14, 2026, that JPMorgan cut its price target from USD 340.00 to USD 315.00 while keeping an Overweight rating. The same report highlighted a 38.00 percent year-over-year decline in net new ARR, setting up monetization as the central test for the new CEO.
Stock moves higher in trading
For German-market investors, Adobe's euro quote was EUR 213.45 at Lang & Schwarz at 3:13 p.m. CEST on October 7, 2026, compared with the EUR 211.05 prior close on October 6, 2026. The primary listing is NASDAQ, where Adobe's quoted currency is USD; the finance quote showed a market capitalization of USD 94.7 billion and a 52-week range of USD 190.12 to USD 363.70 as of October 6, 2026. The next earnings date is December 9, 2026, after market close, as Investing.com reported on September 11, 2026.
The further course of trading is shown by the continuously updated real-time quote of Adobe stock.
Adobe stock facts
- Company: Adobe Inc.
- ISIN: US00724F1012
- Ticker: ADBE
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 7, 2026, 3:13 p.m. CEST): EUR 213.45
- Change versus prior close: plus 1.14 percent
- Prior close Lang & Schwarz (October 6, 2026): EUR 211.05
- Market capitalization: USD 94.7 billion (as of October 6, 2026)
- 52-week range: USD 190.12-363.70 (as of October 6, 2026)
- Sector / Industry: Technology / Software - Application
- Index membership: S&P 500, Nasdaq-100
- Next earnings date: December 9, 2026
