Adobe stock falls as Q3 revenue reaches $6.76 billion

Published on 09/14/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe stock closed at USD 252.23 on September 11, 2026, after Q3 revenue reached USD 6.76 billion. Morgan Stanley kept an Underweight rating and a USD 240 target.

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Adobe Inc. stock (ISIN US00724F1012) closed at USD 252.23 on September 11, 2026, after the latest quarterly update showed revenue of USD 6.76 billion and non-GAAP earnings of USD 6.13 per share. The stock also ended 1.37 percent higher that day, while Morgan Stanley kept its Underweight rating and USD 240 price target, according to TheStreet on September 13, 2026.

Revenue and EPS

Adobe reported Q3 fiscal 2026 revenue of USD 6.76 billion, up 13 percent year over year, and non-GAAP EPS of USD 6.13, above the USD 6.09 estimate cited by TrendSpider. Reuters' summary on Rava said the company beat the USD 6.70 billion revenue consensus and also topped expectations on adjusted earnings.

Guidance moved higher

Adobe raised full-year fiscal 2026 revenue guidance to USD 26.576 billion to USD 26.626 billion and non-GAAP EPS guidance to USD 24.45 to USD 24.50, according to TradingKey. In the same transcript, management also pointed to Q4 revenue of USD 6.8 billion to USD 6.85 billion and Q4 non-GAAP EPS of USD 6.30 to USD 6.35.

For investors, the key contrast is simple: revenue rose 13 percent in Q3, but Morgan Stanley's USD 240 target still sits 4.9 percent below the September 11 close of USD 252.23. JPMorgan also cut its price target to USD 315 from USD 340 while keeping an Overweight rating, according to TheStreet.

Stock still below targets

Adobe stock traded at USD 252.23 on September 11, 2026, with the latest commentary framing the shares between a strong quarterly beat and cautious valuation calls. The move leaves the stock well below JPMorgan's USD 315 target and slightly above Morgan Stanley's USD 240 view.