Adobe names Anil Chakravarthy CEO as shares fall ahead of Q3 earnings

  • Adobe will report fiscal third-quarter results after market close on September 10, 2026.
  • Analysts expect $6.09 earnings per share and $6.69 billion in revenue.
  • Adobe shares traded at $250, down 1.91%, with MACD below its signal line.

Adobe is scheduled to report fiscal third-quarter results on September 10, 2026, after market close, with estimates ranging from $6.08 to $6.09 in adjusted earnings per share and revenue of $6.69 billion. The company earned $5.96 per share and generated $6.62 billion in revenue in the previous quarter, exceeding consensus estimates of $5.82 and $6.46 billion, respectively. Investors will focus on Creative Cloud and Document Cloud annual recurring revenue, adoption of Firefly and Acrobat AI Assistant, Digital Experience growth, full-year fiscal 2026 guidance and competition from AI-native creative tools. Adobe shares were recently trading 1.91% lower at $250 and remain below their 200-day moving average, with MACD signaling weakening momentum. The stock carries a Hold consensus rating and an average price forecast of $260.59. Adobe has fallen after 15 of its last 20 quarterly reports, while investor concerns also include leadership uncertainty after the company named Anil Chakravarthy president and CEO effective December 1, succeeding Shantanu Narayen, who is expected to become executive chair.

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