Adobe stock fell in extended trading after the company reported fiscal Q3 results that beat estimates, even as management issued softer revenue guidance for the fiscal fourth quarter.
Adobe reported Q3 revenue of $6.76 billion, beating analysts’ expectations and representing about 13% year‑over‑year growth, the company said in its Q3 press release and slides.
The company posted adjusted earnings per share of $6.13 for the quarter, topping consensus, but guided Q4 revenue to a range of $6.80 billion to $6.85 billion with a midpoint of $6.825 billion — a level Reuters and market coverage said sat just below some analysts’ forecasts and helped push the share price lower.
Market reporters noted the stock reaction followed the company’s guidance rather than the headline beat: Reuters wrote that Adobe “beat third‑quarter revenue estimates” but that the Q4 midpoint was “slightly below analysts’ expectations,” and outlets including Investing.com and Yahoo Finance summarized similar market responses.
Adobe also updated its full‑year targets, raising its fiscal 2026 revenue outlook, materials shared by the company and covered in earnings transcripts show. The earnings slides and call transcript highlighted AI‑related annual recurring revenue gains as part of the quarter’s positive drivers.
Analysts and market commentators said the move is consistent with past episodes when Adobe’s shares reacted to guidance. Coverage from Seeking Alpha and Investing.com placed the Q4 guide and the market’s sensitivity to guidance in historical context, pointing out that investors often focus on forward guidance even after an upside quarter.
For readers tracking the company ahead of the report, the site’s prior preview noted Adobe’s scheduled Q3 results and investor attention on guidance and management changes earlier this month; the company’s recent leadership update was also covered in the site’s internal archive.
Sources
- Reuters — reported the Q3 beat and that Adobe guided Q4 revenue to $6.80B–$6.85B, with the midpoint below some analysts’ expectations.
- Adobe — company Q3 FY2026 press release and earnings slides showing $6.76B in revenue and the full set of guidance figures.
- Seeking Alpha — earnings call transcript and reporting of the $6.13 adjusted EPS and the Q4 guidance range.
- Yahoo Finance — market coverage noting shares dipped in extended trading despite the beat.
- Investing.com — summary of the quarter and market reaction to the guidance.
