Adobe revenue hits record $6.76B in Q3
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Adobe (NASDAQ:ADBE) reported record third-quarter fiscal 2026 revenue of $6.76 billion, increasing 13% year over year, while raising its full-year revenue and earnings targets.
Adobe (NASDAQ:ADBE) reported record third-quarter fiscal 2026 revenue of $6.76 billion, increasing 13% year over year, while raising its full-year revenue and earnings targets.
Adobe is launching a new agentic platform targeting business-to-business and consumers that, in addition to working closely with model providers OpenAI and Anthropic, can ease concern about disruption to its business. The company is partnering with tech giants Amazon, Anthropic, Google, Nvidia, OpenAI, and more to build what it calls the broadest agentic AI ecosystem in the industry. Anil Chakravarthy, Adobe Customer Experience Orchestration Business President, joins Bloomberg Businessweek Daily from the Adobe Summit 2026 in Las Vegas to discuss. He speaks with Carol Massar and Tim Stenovec.
On this episode of Stock Movers with Alexis Christoforous: - Adobe (ADBE) shares are on the move as the company reports today. It fell in premarket trading on Friday after the software maker said that CFO Dan Durn would be departing the company June 15. The news comes after the CEO announced he would resign earlier this year. - Lennar (LEN) shares are lower after its forecasts for new orders and deliveries trailed expectations, and as CEO Stuart Miller said the latest quarter was "defined by the same stubborn headwinds that have challenged the housing market for the past several years." - SpaceX (SPCX) shares are pricing as it debuts today on the NASDAQ. Space stocks are up amid the IPO, including Rocket Labs (RKLB), EchoStar (SATS) and Redwire (RDW).
Adobe (NASDAQ:ADBE) shares plummeted on Friday, wiping out billions in market value after the creative software giant announced that Shantanu Narayen will step down as Chief Executive Officer.
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