Neutral
Adobe's Q3 revenue rises 13% to $6.76B; shares dip 1.9% post-earnings
Adobe reported a 13% year-over-year increase in Q3 revenue, reaching $6.76 billion, surpassing analyst expectations. However, shares declined by 1.9% in after-hours trading due to slightly below-consensus Q4 guidance. The company also announced a leadership transition, with Anil Chakravarthy set to become CEO on December 1, 2026.
Key points
- Adobe's Q3 revenue of $6.76 billion exceeds analyst expectations, marking a 13% year-over-year increase.
- Shares fell 1.9% in after-hours trading following Q4 guidance that was slightly below consensus estimates.
- Anil Chakravarthy will succeed Shantanu Narayen as CEO on December 1, 2026, with Narayen transitioning to executive chair.
Sources
AI-generated from public news sources. Not financial advice.
