Key Points Adobe's annualized recurring revenue reached $27.5 billion at the end of the fiscal third quarter, rising 11.2% year over year. Management targets adjusted earnings per share between $24.45 and $24.50 for fiscal 2026, up roughly 17% from last year. A $25 billion buyback authorization runs through April 2030, and $24.55 billion of it is still unspent. 10 stocks we like better than Adobe › Adobe (NASDAQ:ADBE) has posted record revenue in each quarterly update this fiscal year. But the stock has fallen anyway. Shares are at roughly $241 as of this writing, off around 34% from a 52-week high of $363.70. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005.
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