The software business is a tough industry these days. A $100 billion company trading at 14 times earnings can report a double beat and raise guidance, and its stock still might sell off afterward. That’s exactly what happened to Adobe Inc. (NASDAQ: ADBE) when it reported its fiscal Q3 2026 results after hours on Sept. 10.
The stock had been slowly recovering some of its losses over the last few months, but was still down nearly 30% on the year. And despite the strong headline numbers, this earnings report did little to dispel market fears.
