ADBE Earnings: Adobe Stock Slips after Smashing Q1 Estimates

FomoAnxiety · 2026-03-12T22:35:30+00:00

Adobe's first-quarter earnings for FY 2026 showed EPS of $6.06, surpassing estimates, with sales rising 12.1% to $6.4 billion. Analysts rate ADBE stock as a Hold, with a target of $370.24, indicating 37.2% upside potential.

FomoAnxiety

2026-03-12 22:35:30

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Shares of Adobe (ADBE) fell in after-hours trading after the creative software company reported earnings for its first quarter of Fiscal Year 2026. Earnings per share came in at $6.06, which beat analysts’ consensus estimate of $5.87 per share.

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In addition, sales increased by 12.1% year-over-year, with revenue hitting $6.4 billion. This beat analysts’ expectations of $6.28 billion.

Is ADBE Stock a Good Buy?

Turning to Wall Street, analysts have a Hold consensus rating on ADBE stock based on six Buys, nine Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average ADBE price target of $370.24 per share implies 37.2% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.

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