Adobe Systems Incorporated

ASUS announced that the ASUS Googlebook 14 (CX9406CAA) is now available for purchase in the United States, priced at $1,299.00, online at the ASUS Store and Best Buy. The 14-inch ultraportable is the first-ever ASUS laptop designed for Gemini Intelligence, built on a shared Android foundation for seamless integration with Android phones. It weighs just 2.18lbs and measures 0.43 inches thin, with a CNC-machined magnesium-aluminum chassis finished in Dusk Ash and protected by Nano Ceramic Technology, tested to US military-grade MIL-STD 810H and ASUS Superior Durability standards. The laptop runs an Intel Core Ultra 5 325 processor with 16GB LPDDR5X memory and up to a 512GB PCIe 4.0 SSD, and features a 14-inch 16:10 3K OLED HDR touchscreen with up to 1000 nits peak HDR brightness and a 120Hz refresh rate, a six-speaker audio system, and a 70Wh battery rated at up to 18 hours of battery life. Every purchase includes up to $500 in additional value through a curated bundle of apps and services, most notably 12 months of Google AI Pro and 5TB of cloud storage, plus three months of YouTube Premium, Adobe Premiere Pro, Adobe Photoshop, and CapCut Pro, along with 12 months of Luminar and GeForce NOW.

Adobe has entered a new partnership with the National Hockey League to deliver AI powered fan experiences worldwide, targeting more than 200 million NHL followers. The agreement puts Adobe's CX Enterprise stack, GenStudio and Experience Platform in front of those followers across 147 countries. Under the deal, all 32 NHL clubs get a shared toolkit for real time fan insight, personalized journeys and brand consistent content, while Adobe gains a single high profile setting to demonstrate its products as a complete customer experience system. Adobe, which carries a market value of about $89.9b, is supplying AI, creativity and marketing products as core technology infrastructure for the league's global fan experience programs. The clearest early test of the partnership will be whether the NHL scales Adobe's tools from pilots to league wide usage during the 2026 to 2027 season, measured through adoption across all 32 clubs and more personalized engagement in key events like the Stanley Cup Playoffs and NHL Global Series broadcasts.

OpenAI on Tuesday launched a less expensive artificial intelligence model and tools that run continuously, as it aims to reposition ChatGPT as an app store for AI. Other companies, such as Adobe, will be able to offer their software directly within ChatGPT, which is now used weekly by 1.2 billion people, and ChatGPT users will also be able to access their subscriptions in other apps. A new model unveiled on Tuesday, GPT-6.1 Sol, was described as almost as powerful as GPT-6 Astra at one-fifth the price, coming one day after the company said it scrapped a new version of Astra because it often ignored instructions. OpenAI CEO Sam Altman told around 2,500 developers at the company's annual conference that "we want to help people discover what you build and connect you with new customers," and he made no mention of multiple security incidents that forced OpenAI to again suspend development of some models on Friday after one of its agents gained unauthorized access to the internet. Attendees cheered the arrival of "dots," OpenAI's version of AI agents that will run continuously and ask users to approve sensitive actions; dots will only be available to paid subscribers and are not yet available to individual users in the European Union, Switzerland and the United Kingdom due to regulations, though OpenAI hopes to resolve those issues, and they compete with Meta's Muse and Google's Spark agents.

CData Software launched CData Connect AI Gateway, a new control point connecting AI agents and the people who work with them to enterprise systems, available through an early access program beginning September 29, 2026. The Gateway is built on CData's data layer, which already powers Palantir, Google, hundreds of enterprise products and thousands of customers worldwide, and it exposes hundreds of CData-built connectors as governed tools over live systems including SAP, NetSuite, Salesforce, warehouses, databases, and on-premises and legacy environments. It enforces permissions down to the record, validates changes against each system's own business rules before they commit, and routes every request to the most efficient model, with spend attributed and budgeted by team, agent, model and tool. In CData Labs research, prompts run through CData's connectors returned correct results 98.5 percent of the time across CRM, project management, data warehouse and ERP systems, against 65 to 75 percent for competing MCP approaches, and a second study of 22 models found the least expensive returned the same correct answer at 178 times lower cost than the most expensive. Adobe AI Software Lead Padmakar Pasala said CData Connect AI gave its agents live, governed access to applications like SAP, cutting test delivery from 10 weeks of manual effort to about one, a 10x acceleration. CEO and co-founder Amit Sharma said the Gateway answers questions of control from one control point, letting companies hand agents real responsibility and stand behind every answer and every action.

Adobe Analytics forecasts consumers will spend $10 billion during Amazon's Oct. 6-7 Prime Day event, an early catalyst ahead of what Adobe expects to be a record U.S. online holiday season. Online holiday spending is projected to climb 6.7% from last year to $275.1 billion, with October spending alone reaching $95.8 billion, an 8% year-over-year increase. Adobe forecasts more than $15 billion on Cyber Monday and $47.5 billion during Cyber Week, equivalent to 17.3% of projected holiday-season online spending, while Black Friday is expected to generate $12.9 billion, up 9.2% from last year. Adobe said Amazon's Prime Day has helped reshape the season by creating another major shopping spike before the traditional holiday period, forcing retailers to adjust promotions and inventory earlier. Electronics are expected to be particularly important, with Adobe expecting Apple's AirPods Pro 4 and iPhone 18 Pro and Duo, Google's Pixel 11, Meta's AI glasses and Samsung's Galaxy S26 and Z Fold 8 to rank among popular products, alongside gaming hardware including Nintendo Switch 2, Sony's PlayStation 5 and PlayStation 5 Pro, and Microsoft's Xbox Series X.

Zacks Investment Research released its earnings preview naming Nvidia, Micron, Alphabet, Oracle and Adobe among companies likely to post surprises, with S&P 500 Q3 earnings expected to rise 23.9% from a year earlier, the eighth straight quarter of double-digit growth for the index. Fourteen of the 16 Zacks sectors are on track for positive earnings growth, with six set for double-digit gains: Aerospace up 159.5%, Energy up 111.5%, Tech up 41.9%, Basic Materials up 29.6%, Transportation up 14.9% and Industrial Products up 13.2%. Excluding Energy, index growth drops to 19.9%, and excluding Tech it falls to 14.4%. Nvidia's Q3 earnings are expected to rise 90% on 91.2% higher revenues, while Micron's earnings and revenues are seen up 938% and 349.5% respectively, with Micron due to report its August-quarter results on Wednesday, September 30th; Alphabet's earnings are expected up just 2.1% on 27.2% higher revenues. The reporting cycle began with Oracle and Adobe's September 10th releases, and among the 9 S&P 500 members that have reported, earnings are up 16.3% on 11% higher revenues, with 66.7% beating EPS estimates.

Adobe has raised its fiscal 2026 outlook, now expecting revenues between $26.576 billion and $26.626 billion and non-GAAP earnings of $24.45 to $24.50 per share. The company reported that AI-first ending ARR exceeded $650 million in the third quarter of fiscal 2026, up more than 150% year over year, while Firefly ending ARR across the Firefly App and Firefly credit packs jumped 40% sequentially. Adobe also surpassed one billion monthly active users across its businesses, with overall MAUs up more than 20% year over year, Creative freemium MAUs above 100 million and growing more than 70%, and Acrobat and Express MAUs surpassing 900 million. The Zacks Consensus Estimate for fiscal 2026 earnings stands at $24.47 per share, up 8 cents over the past 30 days and implying 16.86% growth from fiscal 2025, while the consensus revenue mark of $26.6 billion suggests 11.92% growth. Adobe shares have risen 24.4% in the past three months, outpacing the broader Zacks Computer and Technology sector's 8.1% return, and carry a Zacks Rank #3 (Hold).

Azoma, a platform specializing in Agentic Commerce Optimization, has received an investment from dunnhumby ventures to accelerate its Generative Engine Optimization capabilities, helping retailers and consumer packaged goods brands connect AI visibility to revenue. The funding will speed up Azoma's plans to improve product recommendations and sales through AI-driven shopping experiences, drawing on dunnhumby's expertise in data and consumer insights. In other trading, Microalliance Group rose 224.5% to close at $1.76, near its 52-week high, while Moltiply Group fell 11.9% to end at €30.60. Adobe settled at $240.69, up 1%, after forming a strategic partnership with Jet2 to enhance personalized customer experiences using advanced AI technology. NIKE ended the day at $36.05, down 0.1%, and Amazon.com settled at $249.27, down 2.2%, after announcing new services on Thursday that enhance merchant offerings with Prime delivery and significant fee discounts.

Adobe is expanding its agentic artificial intelligence and customer-experience technologies through a multi-year strategic partnership with travel company Jet2. Jet2 plans to use Adobe CX Enterprise to deliver personalized holiday recommendations, offers and engagement across the travel journey, and will also use Adobe Firefly Foundry and Brand Intelligence to accelerate branded content creation, with the partnership including a Jet2 x Adobe Customer Experience Lab focused on developing and scaling AI-powered experiences. Jet2 was among Adobe's global enterprise customer wins in the third quarter of fiscal 2026, and Adobe CX Enterprise Coworker had attracted more than 1,700 customers and early adopters by that same quarter. In the third quarter of fiscal 2026, ending annual recurring revenues for Adobe Experience Manager and agentic web applications, Adobe GenStudio and Adobe Experience Platform and applications each increased more than 20% year over year, while Adobe's AI-first ending ARR exceeded $650 million and grew more than 150% year over year. Adobe faces intensifying competition from Microsoft, whose Dynamics 365 exposed more than 650,000 Model Context Protocol actions in the fourth quarter of fiscal 2026, and from Salesforce, whose Agentforce ARR exceeded $1.5 billion in the second quarter of fiscal 2027. Adobe shares have declined 31.9% year to date against the broader Zacks Computer and Technology sector's 22.8% growth, and the Zacks Consensus Estimate for Adobe's earnings stands at $6.32 per share, suggesting 14.91% year-over-year growth.

Adobe and Jet2 have announced a multi-year strategic partnership to deliver agentic AI-powered personalised experiences to millions of Jet2 holidaymakers. The partnership pairs Jet2's 10 million myJet2 customers and its award-winning VIP customer experience with Adobe's Customer Experience Orchestration technology, centred on Adobe CX Enterprise Coworker, which uses agentic AI to help Jet2 colleagues rapidly deliver on-brand personalised experiences at scale. Jet2 will use Adobe's content supply chain tools, including Adobe Firefly Foundry and Adobe Brand Intelligence, to create on-brand holiday content faster and more consistently, and Adobe will help Jet2 optimise its content for large language models as holidaymakers increasingly turn to AI-search to research trips. A pioneering new Jet2 x Adobe Customer Experience Lab will bring Adobe Forward Deployed Engineers together with Jet2's digital, customer and technology teams to rapidly test, build and scale new AI-powered services. David Hills, Chief Customer Officer at Jet2, said the partnership will make every interaction more personal, relevant and timely, while Nathan Hancock, Vice President and Managing Director for the UK, Ireland, Middle East and Africa at Adobe, said the two companies are creating something that will transform travel experiences.

Google's Rethink ROI summit in New York spotlighted a widening gap between rapid AI-driven shopping discovery and merchant payment systems that cannot yet complete agent-initiated transactions. The platform's new conversational attributes let retailers feed structured data, including FAQ, compatible accessories, and substitutes, directly into the Shopping Graph, and in early testing with Lululemon, brand-supplied attributes were incorporated into AI Mode recommendations 50% of the time. Demand for such tools is backed by Adobe Analytics data showing an 805% year-over-year increase in AI-driven traffic to retail sites during Black Friday 2025, while Salesforce Cyber Week data confirms retailers with integrated AI agents grew sales 32% faster than those without, and Adobe found those shoppers are 38% more likely to convert. That traffic, however, is colliding with a payment readiness deficit: the TLT LLP Retail Agility survey of the top 100 UK retailers found that while 49% are investing in agentic AI, only 15% say their payment systems are prepared for agent-initiated transactions. Google is attempting to standardize the transaction layer through the Universal Commerce Protocol and the Universal Cart framework, which aim to enable persistent, cross-platform shopping carts across Search, YouTube, and Gmail, and with a 10-week horizon to Black Friday 2026, the next two months will determine which brands move from discovery-focused AI to transaction-ready agentic commerce.

Adobe has globally launched Student Spaces in Acrobat for free, giving students a trusted, AI-driven study platform built on decades of Adobe's document expertise. First released in beta in April 2026, the platform quickly surpassed more than 1 million monthly users with tools including adaptive flashcards, citation generation, and study guide creation. The latest features aim to improve learning efficiency, ensure information authenticity, and support career readiness, and the platform is now accessible on mobile devices through the Acrobat app on Android. Adobe last closed at $250.50, down 2.8%.

Jim Cramer named Adobe a potential short-squeeze candidate after the company's latest quarterly results, saying on the September 11 episode of Mad Money that the stock, which gained 1.3% that day, could squeeze higher. Adobe reported fiscal third-quarter revenue of $6.76 billion, up 13% year over year, while non-GAAP diluted EPS rose 15% to $6.13. Total ARR reached $27.50 billion, up 11.2% year over year, and AI-first ending ARR exceeded $650 million, growing more than 150%. The company raised its full-year revenue forecast to $26.576 billion to $26.626 billion, but its fourth-quarter revenue target of $6.80 billion to $6.85 billion came in slightly below the $6.85 billion analyst expectation cited by Reuters. Remaining performance obligations grew 8% year over year, down from 13% in the previous quarter, and Anil Chakravarthy is set to become CEO on December 1 as Shantanu Narayen moves to executive chair. Short interest stood at 4.38% of the public float, while 81 hedge funds held ADBE at the end of the second quarter, down from 86 in the first quarter.

The Kroger Co. reported second-quarter fiscal 2026 earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.05, and its shares gained 2.7%. Adobe Inc. reported third-quarter fiscal 2026 earnings of $6.13 per share, beating the Zacks Consensus Estimate of $6.08, with its shares rising 1.4%. Copart, Inc. reported fourth-quarter fiscal 2026 earnings of 35 cents per share, missing the Zacks Consensus Estimate of 39 cents, and its shares declined 2.6%. T-Mobile US, Inc. shares added 2.9% as communications emerged as one of the biggest winning sectors of the day.

U.S. stock index futures fell sharply on Monday, with technology shares under pressure after several leading artificial intelligence executives called for a slower pace of AI development. By 05:52 ET, Dow futures had fallen 150 points, or 0.3%, S&P 500 futures had dropped 63 points, or 0.8%, and Nasdaq 100 futures had slumped 531 points, or 1.8%. Rumble shares surged as much as 28% in premarket trading after reports that Anthropic had agreed to a $13.7 billion computing contract with the company, a deal Rumble had disclosed in an August securities filing without identifying the customer. Anthropic CEO Dario Amodei called on AI companies to slow the advancement of model capabilities in an essay posted on X on Saturday, warning that increasingly capable AI agents could create significant economic damage if misused, and OpenAI CEO Sam Altman and xAI chief Elon Musk said they agree with his concerns. Nvidia fell more than 2% in premarket trading, while Meta and Amazon each dropped more than 1%, and chipmakers Intel, AMD and Marvell Technology fell nearly 6%, 5% and 6%, respectively, even as software names ServiceNow, Adobe and Workday rose about 3%, 2.5% and 2.5%. Scholar Rock shares surged 9.1% to $60.45 after the FDA approved ISEMBYLD, also known as apitegromab-mstn, as the first and only muscle-targeted treatment for spinal muscular atrophy in patients aged two and older receiving an SMN2-targeted therapy, ahead of the September 30, 2026 PDUFA deadline. Elmet Group shares jumped 30.8% after announcing a $450 million committed investment from the U.S. Department of War to accelerate domestic tungsten manufacturing, while Olema Pharmaceuticals slid 15.1% to $8.68 after AstraZeneca said its Phase 3 SERENA-4 trial of camizestrant failed to show a statistically significant improvement in progression-free survival, and MARA Holdings fell 5.7% to $11.30 after JPMorgan double-downgraded the bitcoin miner to Underweight from Neutral and cut its price target to $11 from $13.

Adobe reported record third-quarter revenue of $6.76 billion, up 13% year over year, and raised its full-year revenue and profit targets. Non-GAAP EPS climbed 15% to $6.13, while GAAP EPS rose 11% to $4.62, and AI-first ending ARR topped $650 million, growing more than 150% year over year, though that remains a small slice of the company's total ARR base of $27.50 billion. The company also announced that Anil S. Chakravarthy will take over as CEO from Shantanu Narayen on December 1, and it struck a deal to acquire Topaz Labs, whose AI enhancement models for image and video would slot into Firefly and Creative Cloud, subject to regulatory approval. Operating cash flow hit a third-quarter record of $2.52 billion, and Adobe bought back roughly 9.5 million shares, leaving $24.55 billion authorized for repurchases, while management raised its full-year revenue target to a range of $26.58 billion to $26.63 billion and its non-GAAP EPS target to $24.45 to $24.50. Remaining performance obligations grew 8% year over year to $22.16 billion, trailing both the 13% revenue growth and the 11.2% growth in total ending ARR, and Interim CFO Steven Day flagged a foreign-exchange headwind heading into the fourth quarter.

Adobe Systems reported quarterly earnings of $6.13 per share, beating the Zacks Consensus Estimate of $6.08 per share and up from $5.31 per share a year ago. The result marked an earnings surprise of +0.82%, and the software maker has now surpassed consensus EPS estimates four times over the last four quarters. Revenue for the quarter ended August 2026 came in at $6.76 billion, topping the Zacks Consensus Estimate by 1.02% and up from $5.99 billion a year earlier, with the company also beating consensus revenue estimates four times in that span. Ahead of the release, the estimate revisions trend for Adobe was unfavorable, translating into a Zacks Rank #4 (Sell), and the shares have lost about 27.2% since the beginning of the year versus the S&P 500's gain of 11.6%. The current consensus EPS estimate is $6.30 on $6.84 billion in revenues for the coming quarter and $24.39 on $26.56 billion in revenues for the current fiscal year.

Adobe is expanding Acrobat from a traditional PDF-reading and editing tool into an AI-powered document productivity platform, betting its Productivity Agent can hold off Microsoft and Alphabet in workplace document workflows. The Productivity Agent combines Acrobat's document intelligence with Adobe Express' AI-first creation capabilities, letting users turn documents into presentations, podcasts and social content, edit PDFs conversationally and build branded PDF Spaces with customizable AI assistants. Adoption is growing: Acrobat and Express monthly active users rose from more than 700 million to more than 850 million year over year in the second quarter of fiscal 2026, Acrobat AI Assistant paid MAUs surged more than 150%, lifetime AI users in Acrobat tripled and Acrobat AI Assistant annual recurring revenues grew approximately threefold year over year, while Business Professionals & Consumers subscription revenues reached $1.85 billion, up 15% in constant currency. Adobe said it expects competition to intensify as generative and agentic AI spreads into document productivity, with Microsoft's 365 Copilot already past 30 million paid seats and Alphabet's Gemini Enterprise used by nearly 90% of Fortune 100 companies. Adobe shares have fallen 27.1% year to date against an 18.6% gain for the broader Zacks Computer and Technology sector, and the stock trades at a forward 12-month price-to-earnings ratio of 9.51 versus 20.73 for the sector, with a Zacks Rank #4 (Sell) and a consensus earnings estimate of $6.08 per share for 14.5% year-over-year growth.

Adobe has announced new AI capabilities in Acrobat, powered by the Adobe productivity agent, that transform complex documents into interactive visuals, audio summaries, and polished presentations for over a billion people. The features, available in Acrobat Studio, Acrobat Express, and Acrobat AI Assistant Plus plans, include interactive reports and summary slides, personal podcasts, and audio summaries, as well as enterprise tools like Knowledge Base and Analyzer that connect to shared document repositories and surface structured insights from thousands of files. Additionally, Student Spaces, which launched in beta in April 2026 and has attracted over one million monthly active users, is now available globally in English, offering study tools and interview preparation. Adobe emphasizes that no customer document data is used to train its generative AI models, and all answers include clickable citations for verification.

Adobe (ADBE) has purchased India-based marketing intelligence startup Rilo in a deal involving licensing and team acquisition, as confirmed to TechCrunch, though no further details were provided. Founded by Georgi Boby and Dhruv Jaglan in 2025, Rilo had raised $1 million from investors including PeakXV, DeVC, and Day Zero Ventures at a $10 million valuation. This acquisition is part of a week of notable deals, including Flex's $4.4 billion acquisition of EPC Power, Nvidia's $12.9 billion purchase of Hugging Face, and AbbVie's completed $10.9 billion acquisition of Apogee Therapeutics.

Adobe Inc. has acquired Rilo, an India-based AI workflow automation startup, to strengthen its agentic artificial intelligence capabilities in marketing. The deal includes licensing Rilo's technology and adding its team, which has developed AI agents that can execute multi-step marketing workflows from plain-English instructions. This acquisition follows Adobe's approximately $1.9 billion purchase of Semrush four months ago, part of a broader push to build an AI-powered marketing intelligence ecosystem. While the move could enhance Adobe's enterprise offerings and help it compete with tech giants like Google, Meta, and Amazon, it does not address investor concerns about ARR growth and AI monetization. Hedge fund holdings in Adobe fell to 81 in the second quarter from 86, with notable reductions by Arrowstreet Capital and AQR Capital Management, while short interest stands at about 4.5%.