Adobe shares declined 2.7% premarket after the software giant issued a fourth-quarter revenue forecast that missed analyst expectations, overshadowing a solid third-quarter earnings beat and raised fiscal 2026 guidance.
Adobe beat Q3 estimates but Q4 revenue guidance midpoint of $6.825B missed consensus of $6.85B, causing shares to decline 2.7% premarket.
Adobe Inc. reported third-quarter earnings of $6.13 per share on $6.76 billion in revenue, topping analyst expectations. Despite the beat, shares fell 2.7% in premarket trading as the company's fourth-quarter revenue guidance midpoint of $6.825 billion fell short of the $6.85 billion consensus.
Shares fell because the company's revenue forecast for the fourth quarter, with a midpoint of $6.825 billion, came in below the analyst consensus of $6.85 billion.