Why did Adobe (ADBE) stock move recently?

On 7/28/2026, Adobe moved +4.8% — Adobe shares rose with the broader software and tech sector amid ongoing positive sentiment around AI demand and enterprise software growth, with no company-specific news or filing released today. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Adobe (ADBE) overvalued or fairly valued?

MarketChacha shows Adobe's valuation in context — a trailing P/E of about 15.5, a forward P/E of about 9.6, a price-to-book of about 9.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Adobe's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.40×) from reported figures — education, not a rating.

What is Adobe's revenue?

Adobe reported revenue of $23.8B for FY2025, with net profit of $7.1B, per official filings.

What is the share price of Adobe (ADBE)?

Adobe last traded at $262.78 (+5.5% on the day), as of 7/29/2026 — a delayed quote shown for education, not investment advice.

Adobe

ADBE · NASDAQ · Technology · United States

Snapshot

TickerADBE

ExchangeNASDAQ

SectorTechnology

IndustrySoftware - Application

CountryUnited States

Employees31,360

HeadquartersSan Jose, United States

Websitewww.adobe.com

Filings tracked11

About Adobe

Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform; and products, services, and solutions that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers e-learning, technical document publishing, web conferencing, document and forms platform, web application development, printing, and Adobe Advertising solutions. It also provides consulting, training, customer management, technical support, and learning services. The company offers its solutions to enterprise customers, and businesses and consumers; and licenses its products to end-user customers through app stores and website at adobe.com. It markets and distributes its products through distributors, retailers, software developers, mobile app stores, systems integrators, independent software vendors, value-added resellers, and original equipment and hardware manufacturers. The company also provides an online visibility management and content marketing software-as-a-service platform. The company has a strategic alliance with HUMAIN for the development of generative AI models and AI-powered applications. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

Who owns it

Insiders0.2%
Institutions88.1%
Public & other11.7%

3,074 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.10.27%
Vanguard Capital Management LLC6.71%
State Street Corporation5.01%
Invesco Ltd.3.55%
Geode Capital Management, LLC2.95%
Vanguard Portfolio Management LLC2.51%
Arrowstreet Capital, Limited Partnership1.71%
Morgan Stanley1.43%

Largest institutional holders — last updated 3/31/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.40×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend28.0% → 30.0%

Margin has expanded by about 2.0 points — the business is getting more profitable.

Return on equity61.3%

Latest ROE of 61.3% — capital is generating a healthy return.

Growth qualityrev 11% · PAT 15%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.8B · EPS 6.32

Est. earnings growth +14.9%

Next fiscal year

Rev $28.9B · EPS 27.49

Est. earnings growth +12.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$23.8B

Net margin

30.0%

ROE

61.3%

Revenue CAGR (2y)

+10.7%

Profit CAGR (2y)

+14.6%

EPS (FY2025)

16.70

Net profit (FY2025)

$7.1B

Ask MarketChacha about ADBE

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 28, 2026
Adobe shares rose with the broader software and tech sector amid ongoing positive sentiment around AI demand and enterprise software growth, with no company-specific news or filing released today.
· confidence: low
Jul 27, 2026
Adobe shares rose with broader tech sector momentum and AI-related sentiment, with no specific company catalyst, earnings release, or filing identified for today's move.
· confidence: low
Jul 24, 2026
Adobe shares rose with the broader software sector and market rally, with no specific company catalyst or news reported for the session.
· confidence: low
Jul 22, 2026
Adobe shares fell after Morgan Stanley downgraded the stock to Underweight from Equal Weight and slashed its price target to $240 from $365, citing concerns over growth and AI monetization amid a prolonged CEO search.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 21, 2026
Adobe shares declined after Morgan Stanley downgraded the stock to Underweight and sharply cut its price target, citing AI transition and monetization risks.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 16, 2026
No specific company catalyst or filing was reported for the move; Adobe shares rose alongside broader tech sector gains.
· confidence: low
Jul 14, 2026
Adobe shares fell with no identifiable company-specific catalyst in recent filings or today's coverage; the move appears consistent with broader market or sector sentiment.
· confidence: low
Jul 13, 2026
No specific company catalyst identified for the move; Adobe shares rose alongside broader market or tech sector sentiment.
· confidence: low
Jul 2, 2026
Adobe shares rose on an HSBC analyst upgrade from Hold to Buy with a raised $308 price target, alongside positive market sentiment and macro data.
source 1 ↗source 2 ↗· confidence: high
Jun 26, 2026
Adobe shares rose after the company announced its acquisition of AI-focused Topaz Labs to strengthen its Firefly and creative tools, providing a positive catalyst amid recent AI-related concerns.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about ADBE

Why did Adobe (ADBE) jump ~5% — it's buying an AI company most people haven't heard ofc/usmarkets · 6/27/2026▲ 1

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$23.8B	$7.1B	16.70	30.0%	61.3%
FY2024	$21.5B	$5.6B	12.36	25.9%	39.4%
FY2023	$19.4B	$5.4B	11.82	28.0%	32.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$6.6B	$1.7B	4.25	25.9%
2026Q1	$6.4B	$1.9B	4.60	29.5%
2025Q3	$6.0B	$1.8B	4.18	29.6%
2025Q2	$5.9B	$1.7B	3.94	28.8%
2025Q1	$5.7B	$1.8B	4.14	31.7%
2024Q3	$5.4B	$1.7B	3.76	31.1%
2024Q2	$5.3B	$1.6B	3.49	29.6%
2024Q1	$5.2B	$620.0M	1.36	12.0%
2023Q3	$4.9B	$1.4B	3.05	28.7%
2023Q2	$4.8B	$1.3B	2.82	26.9%
2023Q1	$4.7B	$1.2B	2.71	26.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change
SEC7/17/2026material
10-Q filing
SEC6/15/2026
8-K — Results of operations, Executive/director change, Exhibits
SEC6/11/2026material
8-K — Executive/director change, Shareholder vote results, Other events, Exhibits
SEC4/21/2026material
10-Q filing
SEC3/25/2026
8-K — Results of operations, Executive/director change, Reg FD disclosure, Exhibits
SEC3/12/2026material
8-K — Executive/director change, Exhibits
SEC1/27/2026material
10-K filing
SEC1/15/2026

2025

8-K — Results of operations, Exhibits
SEC12/10/2025material
10-Q filing
SEC9/24/2025
8-K — Results of operations, Exhibits
SEC9/11/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.