ADBE
Adobe Inc. Information Technology Services-Prepackaged Software S&P 500Nasdaq-100Russell 3000
$250.23Close
$103.3BMarket cap
$193.41 – $357.5352-week range
Dec 9, 2026Next report
Highlights
Cautions
- Not in an uptrend 1 of 8 trend conditions
- Lagging the market RS 29 · weaker than 71% of stocks over 12 months
- Far from its high 30% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
30%
1wk
down 5.2%
price change
1mo
up 4.3%
price change
12-month return
down 26%
market up 11% ·
its own down 37%
F-score
7 / 9
Strong
Altman Z″
7.67
Low risk
P/E
14.5×
price / earnings
PEG
0.41
P/E / EPS growth
P/B
8.9×
price / book
Earnings yield
up 8.4%
EBIT / enterprise value
Cheaper than
64%
of the market · cheap
Revenue growth
up 11%
year on year
EPS growth
up 11%
latest quarter · +3 pts
Sales growth
up 13%
latest quarter · +0 pts
ROE
up 55%
return on equity
Free cash margin
up 41%
$9.9B FCF
D/E
0.53
long-term debt / equity
Net debt / EBITDA
0.1×
Interest cover
—EBIT / interest
Piotroski tests
- took on more long-term debt
- short-term liquidity weakened
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- no new shares issued
- gross margin widened
- assets working harder
Trade setup
ATR%
3.6%
$9.00 a day · 2×ATR $232.22
RS
29 / 99
vs the universe
Trend
1 / 8
trend template
Relative volume
1.2×
vs 50-day average
Up/down volume
0.96
50 sessions
Implied move
13.9%
by Dec 11, 2026 · report Dec 9, 2026
Trend template · 1 of 8
- 50-day average above the 150 and 200-day: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Sep 10, 2026
Results reaction
Sep 10, 2026-1% vs market2 sessions after results
Options
$20.4M47.4% IV · activity
Financials
- Gross 89%
- Net 30%
- Free cash 41%
- Cash
- Long-term debt
| FY2020Nov 27, 2020 | FY2021Dec 3, 2021 | FY2022Dec 2, 2022 | FY2023Dec 1, 2023 | FY2024Nov 29, 2024 | FY2025Nov 28, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.9B | $15.8B | $17.6B | $19.4B | $21.5B | $23.8B |
| Gross margin | 87% | 88% | 88% | 88% | 89% | 89% |
| Operating income | $4.2B | $5.8B | $6.1B | $6.7B | $6.7B | $8.7B |
| Net income | $5.3B | $4.8B | $4.8B | $5.4B | $5.6B | $7.1B |
| Net margin | 41% | 31% | 27% | 28% | 26% | 30% |
| Earnings per share | $10.83 | $10.02 | $10.10 | $11.82 | $12.36 | $16.70 |
| Free cash flow | $5.3B | $6.9B | $7.4B | $6.9B | $7.9B | $9.9B |
| Free cash margin | 41% | 44% | 42% | 36% | 37% | 41% |
| Cash | $4.5B | $3.8B | $4.2B | $7.1B | $7.6B | $5.4B |
| Long-term debt | $4.1B | $4.1B | $3.6B | $3.6B | $4.1B | $6.2B |
| Shareholders' equity | $13.3B | $14.8B | $14.1B | $16.5B | $14.1B | $11.6B |
| Shares outstanding | 479m | 475m | 462m | 455m | 441m | 413m |
Next report
Dec 9, 2026
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±13.9%
$215 – $284 by Dec 11, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±5.3%
last 4: -1.0% · -12.6% · -8.9% · +1.8%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
2.6× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $225 – $274 ±9.9% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 47.4% priced · 41.3% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- About the same
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs less
Positioning
- Premium traded
- $20.4M calls $8.4M · puts $12.0M · latest session
- 1.43× +1.04 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -15.44k · puts -15.69k past week
For options traders: ATM IV 47.4% (+3.1% 1w) · 1m ÷ 3m IV 0.98 · 25Δ skew 2.2 pts · Net GEX $17.3M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Sep 22, 2026 | Quarterly ↗ | Aug 28, 2026 | 25d |
| Jun 15, 2026 | Quarterly ↗ | May 29, 2026 | 17d |
| Mar 25, 2026 | Quarterly ↗ | Feb 27, 2026 | 26d |
| Jan 15, 2026 | Annual ↗ | Nov 28, 2025 | 48d |
| Sep 24, 2025 | Quarterly ↗ | Aug 29, 2025 | 26d |
| Jun 25, 2025 | Quarterly ↗ | May 30, 2025 | 26d |
| Mar 26, 2025 | Quarterly ↗ | Feb 28, 2025 | 26d |
| Jan 13, 2025 | Annual ↗ | Nov 29, 2024 | 45d |
| Sep 25, 2024 | Quarterly ↗ | Aug 30, 2024 | 26d |
| Jun 26, 2024 | Quarterly ↗ | May 31, 2024 | 26d |
| Mar 27, 2024 | Quarterly ↗ | Mar 1, 2024 | 26d |
| Jan 17, 2024 | Annual ↗ | Dec 1, 2023 | 47d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 10, 2026 | Results ↗ |
| Sep 8, 2026 | Director or officer change · Regulation FD ↗ |
| Jul 17, 2026 | Director or officer change ↗ |
| Jun 11, 2026 | Results · Director or officer change ↗ |
| Apr 21, 2026 | Director or officer change · Shareholder vote · Other events ↗ |
| Mar 12, 2026 | Results · Director or officer change · Regulation FD ↗ |
| Jan 27, 2026 | Director or officer change ↗ |
| Dec 10, 2025 | Results ↗ |
| Sep 11, 2025 | Results ↗ |
| Jun 12, 2025 | Results ↗ |
| Apr 24, 2025 | Director or officer change · Charter or bylaws · Shareholder vote ↗ |
| Mar 12, 2025 | Results ↗ |